Netlink Solutions (India) Ltd has received formal requests from its existing promoters for reclassification from "Promoter Category" to "Public Category" following the completion of management control transfer to Arix Capital Limited and associates. The company filed regulatory intimation on March 26, 2026, confirming receipt of reclassification applications under Regulation 31A(10) of SEBI LODR 2015.

Control Transfer and Open Offer Completion

The management control change was completed through a Share Purchase Agreement dated April 9, 2025, where Arix Capital Limited acquired 51.00% equity in Jupiter Infomedia Limited, the holding company. This acquisition triggered indirect control over Netlink Solutions under Regulations 3(1), 4 and 5(1) of SEBI SAST Regulations 2011.

The acquiring parties include Arix Capital Limited, Mrs. Kajal Gopal Baldha, and Mr. Punitbhai Bavanjibhai Lakkad, who collectively triggered a mandatory open offer for 26.00% of Netlink Solutions' voting share capital.

Formal Reclassification Request Received

On March 26, 2026, the company received formal applications from Mr. Minesh V Modi and Mrs. Rupa Minesh Modi seeking reclassification from promoter to public category. The reclassification request was made pursuant to the completion of the open offer and change in control and management.

Regulatory Compliance and Undertakings

The reclassification applicants provided comprehensive undertakings confirming compliance with all regulatory requirements. They certified that they do not hold more than 10.00% of total voting rights, do not exercise control over company affairs, and have no special rights or board representation.

The applicants committed to comply with specified conditions for a minimum period of three years from the reclassification date, ensuring adherence to Regulation 31A(3) and 31A(4) requirements.

Documentation and Next Steps

The company has filed the complete reclassification request documentation with BSE Limited under scrip code 509040. The application includes detailed background information, rationale for reclassification, and formal undertakings as required under SEBI regulations.

The reclassification process represents the final step in the comprehensive management transition that began with the Share Purchase Agreement and will be subject to stock exchange approval following regulatory review.

Netlink Solutions (India) Ltd. has announced significant board changes following its meeting on March 10, 2026, approving the appointment of two new directors and sanctioning a substantial inter-corporate loan facility. These decisions come as part of an ongoing change in control and management structure following an open offer by multiple acquirers.

Director Appointments Following Open Offer

The board approved the appointment of two new directors based on recommendations from the Nomination and Remuneration Committee. The appointments are directly linked to an open offer made by three acquirers - Arix Capital Limited, Mrs. Kajal Gopal Baldha, and Mr. Punithbai Bavanjibhai Lakkad - for acquisition of 26.00% of the company's voting share capital under SEBI takeover regulations.

Both appointments are subject to shareholder approval and the directors will hold office until the ensuing General Meeting. Mrs. Kajal Baldha has been appointed as Whole-Time Director for a term of up to five years, representing one of the acquirers in the open offer process.

Professional Background of New Directors

Mr. Viren Bakraniya

Mr. Bakraniya brings over four years of professional experience in finance, taxation, and financial planning. As a Chartered Accountant and member of the Institute of Chartered Accountants of India, he has previously worked with Reliance Industries Limited and Ernst & Young. His expertise spans financial analysis, corporate and international taxation, and strategic financial management. He currently serves as a Director at Arix Capital Limited since January 2025 and holds a Bachelor of Commerce degree from Saurashtra University.

Mrs. Kajal Baldha

Mrs. Kajal Baldha possesses over 10 years of experience in services, advisory, and consultancy businesses. Her expertise encompasses business strategy, corporate advisory, and financial management, with active involvement in formulating and implementing business strategies for growth and operational efficiency. She has been associated with Arix Capital Limited as a Director since April 2019, overseeing strategic initiatives and corporate finance activities. She holds a Bachelor of Science degree from Veer Narmad South Gujarat University.

Inter-Corporate Loan Facility Approved

The board has sanctioned inter-corporate loans to entities as determined from time to time, subject to specific parameters and regulatory compliance.

The facility provides flexibility for the company to extend loans within the approved limit, with terms and conditions to be determined by the Board of Directors or authorized personnel from time to time.

Regulatory Compliance and Disclosures

The company has confirmed that both newly appointed directors are not debarred from holding directorial positions by SEBI or any other regulatory authority. The appointments have been made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and follow the prescribed disclosure requirements under Regulation 30. The board meeting commenced at 6.15 p.m. and concluded at 7.00 p.m. on March 10, 2026, with all decisions taken based on committee recommendations where necessary. The appointments represent the acquirers on the board and are part of the broader change in control and management structure of the company.