Jupiter Infomedia Promoter Umesh Modi Sells 1.50% Stake Through Share Purchase Agreement

1 min read     Updated on 27 Mar 2026, 06:38 PM
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Radhika SScanX News Team
AI Summary

Jupiter Infomedia Limited's promoter Umesh Vasantlal Modi sold 1,50,000 shares (1.50% stake) on March 25, 2026, reducing his holding from 14.25% to 12.75%. The disposal was executed through a Share Purchase Agreement dated April 09, 2025, and disclosed in compliance with SEBI regulations.

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Jupiter Infomedia Limited has disclosed that its promoter and Managing Director Umesh Vasantlal Modi disposed of a significant portion of his shareholding in the company on March 25, 2026. The transaction involved the sale of 1,50,000 equity shares, representing 1.50% of the company's total share capital.

Transaction Details

The share disposal was executed pursuant to a Share Purchase Agreement dated April 09, 2025. The transaction has resulted in a notable change in the promoter's shareholding pattern in the company.

Parameter Before Disposal Disposal After Disposal
Shares Held 14,27,872 1,50,000 12,77,872
Percentage Holding 14.25% 1.50% 12.75%
Nature Voting Rights Voting Rights Voting Rights

Regulatory Compliance

The disclosure was made in accordance with multiple SEBI regulations to ensure transparency in the capital markets. The company filed the necessary documents under:

  • Regulation 29(2) of Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 2011
  • Regulation 7(2) of Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015

Company Share Capital Structure

Jupiter Infomedia Limited's equity share capital remains unchanged following this transaction. The company's capital structure details are:

Component Details
Total Equity Share Capital Rs. 10,02,00,000
Number of Equity Shares 1,00,20,000
Face Value per Share Rs. 10
Listing BSE Limited

Promoter Information

Umesh Vasantlal Modi, who executed this share disposal, holds the position of Managing Director in Jupiter Infomedia Limited with DIN 01570180. Despite the reduction in his shareholding, he continues to maintain a significant stake of 12.75% in the company and retains his promoter status.

The transaction represents a strategic decision by the promoter, executed through a formal share purchase agreement that was finalized nearly a year prior to the actual disposal date. The disclosure was made promptly following the completion of the transaction on March 26, 2026, demonstrating adherence to regulatory timelines and transparency requirements.

Historical Stock Returns for Jupiter Infomedia

1 Day5 Days1 Month6 Months1 Year5 Years
+4.88%+8.67%+22.38%+7.06%+21.08%+94.34%

Will Jupiter Infomedia's management structure or strategic direction change following the MD's reduced shareholding influence?

Could this share disposal signal preparation for a larger stake sale or potential exit strategy by the promoter group?

How might this transaction impact Jupiter Infomedia's stock liquidity and trading volumes on BSE in the coming quarters?

Jupiter Infomedia Promoter Umesh Modi Disposes 6 Lakh Shares, Reduces Stake to 6.76%

1 min read     Updated on 27 Mar 2026, 06:36 PM
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Reviewed by
Radhika SScanX News Team
AI Summary

Jupiter Infomedia promoter Umesh Vasantlal Modi disposed of 6,00,000 shares (5.99% stake) through open market transactions on March 25, 2026, reducing his shareholding from 12.75% to 6.76%. The transaction was disclosed to BSE Limited under SEBI regulations, with the company's equity capital structure remaining unchanged at Rs. 10,02,00,000 divided into 1,00,20,000 shares of Rs. 10 each.

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Jupiter infomedia Limited's promoter and Managing Director Umesh Vasantlal Modi has executed a significant share disposal transaction, reducing his stake in the company through open market sales. The transaction, completed on March 25, 2026, involved the disposal of 6,00,000 equity shares and was formally disclosed to BSE Limited under regulatory compliance requirements.

Transaction Details

The share disposal represents a substantial reduction in Modi's shareholding position within the company. The transaction details are presented below:

Parameter: Before Transaction Transaction Volume After Transaction
Shares Held: 12,77,872 6,00,000 (sold) 6,77,872
Percentage Holding: 12.75% 5.99% 6.76%
Transaction Mode: - Open Market -
Transaction Date: - March 25, 2026 -

Regulatory Compliance

The disclosure was made in accordance with multiple SEBI regulations to ensure transparency in promoter transactions. Modi submitted the required documentation under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, and Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015.

The formal disclosure was submitted to BSE Limited on March 26, 2026, with Modi signing the documents in his capacity as Seller, Promoter and Managing Director. His Director Identification Number (DIN) is 01570180.

Company Share Capital Structure

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

Capital Structure: Details
Total Equity Capital: Rs. 10,02,00,000
Number of Shares: 1,00,20,000
Face Value per Share: Rs. 10
Listing Exchange: BSE Limited

Impact on Promoter Holdings

The transaction resulted in a significant reduction in Modi's promoter shareholding, decreasing from 12.75% to 6.76% of the company's total share capital. The disposal of 6,00,000 shares represents 5.99% of Jupiter Infomedia's total voting capital. No encumbrances, voting rights other than shares, or convertible securities were involved in this transaction.

The company's total diluted share capital remains at Rs. 10,02,00,000, divided into 1,00,20,000 equity shares of Rs. 10 each, as no convertible securities or warrants are outstanding.

Historical Stock Returns for Jupiter Infomedia

1 Day5 Days1 Month6 Months1 Year5 Years
+4.88%+8.67%+22.38%+7.06%+21.08%+94.34%

Will Jupiter Infomedia seek to bring in new strategic investors to fill the promoter shareholding gap left by Modi's stake reduction?

How might this significant promoter stake dilution affect Jupiter Infomedia's corporate governance structure and decision-making processes?

Could this share disposal signal potential succession planning or a broader restructuring of the company's ownership model?

More News on Jupiter Infomedia

1 Year Returns:+21.08%