Jupiter Infomedia Limited has received a regulatory disclosure from its promoter and managing director Umesh Vasantlal Modi regarding the disposal of equity shares. The transaction was executed in compliance with Securities and Exchange Board of India regulations governing substantial shareholding changes and insider trading norms.

Share Disposal Transaction Details

Modi disposed of 4,00,000 equity shares on March 24, 2026, representing 3.99% of the company's total share capital. The transaction was conducted through open market sales, marking a significant reduction in his promoter shareholding.

Regulatory Compliance and Documentation

The official disclosure was submitted to BSE Limited on March 25, 2026, through a formal communication addressed to the Department of Corporate Services at BSE's Dalal Street office in Mumbai. The disclosure was made under dual regulatory frameworks:

The formal disclosure letter was digitally signed by Modi at 12:00:38 +05'30' on March 25, 2026, with all required Form C documentation submitted as enclosures.

Company Share Capital Structure

Jupiter Infomedia Limited's equity share capital structure remained unchanged following the transaction:

Promoter Profile and Transaction Impact

Umesh Vasantlal Modi serves as the promoter and managing director of Jupiter Infomedia Limited with Director Identification Number (DIN) 01570180. The disposal was executed through open market transactions, reducing his stake from 18.24% to 14.25% while maintaining his executive role in the company. The transaction represents a strategic reduction in promoter shareholding through regulated market mechanisms.

Jupiter Infomedia Limited has filed a comprehensive disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, detailing a significant acquisition by Arix Capital Limited and its Persons Acting in Concert (PACs). The latest transaction increases the acquirer group's stake from 47.43% to 50.43%, giving them majority control over the company.

Acquisition Overview

The acquisition involves Arix Capital Limited as the primary acquirer, along with Ms. Kajal Baldha and Mr. Gopal Baldha as Deemed PACs. The acquiring parties belong to the Promoter/Promoter group category and executed the transaction through a Share Purchase Agreement dated 9th April 2025.

Shareholding Pattern Changes

The transaction represents a significant consolidation in Jupiter Infomedia's ownership structure, bringing the promoter group's holding above the 50% threshold. Prior to this latest acquisition, the acquirer group held 4752885 shares representing 47.43% of the total voting capital.

Company Capital Structure

Jupiter Infomedia Limited's equity share capital structure remains unchanged following this acquisition. The company maintains its existing capital base without any dilution or expansion.

Regulatory Compliance and Disclosure

The comprehensive SEBI disclosure confirms that no voting rights were acquired through instruments other than equity shares. The transaction does not involve warrants, convertible securities, or any other instruments that would entitle the acquirer to receive additional voting rights in the target company.

The official disclosure was digitally signed by Kajal Baldha, Director of Arix Capital Limited (DIN: 07406583), on 23.03.2026 from Rajkot, ensuring full regulatory compliance with SEBI takeover regulations. The acquisition strengthens the promoter group's control over Jupiter Infomedia Limited, establishing majority ownership and enhanced strategic control over the company's operations.