RBI approves Anshul Laxkar as Executive Director at Jineshvar Securities

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Reviewed by
Suketu GScanX News Team
Key Highlights
  • RBI approved Anshul Laxkar's change to Executive Director at Jineshvar Securities
  • Two new Independent Directors appointed to the subsidiary board
  • Company name changed from Jupiter Infomedia to Arix Energix effective July 17, 2026
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Jupiter Infomedia Ltd disclosed that the Reserve Bank of India (RBI) granted permission for a change in designation of Mr. Anshul Laxkar to Executive Director at its material unlisted subsidiary, Jineshvar Securities Private Limited. This regulatory approval, received on October 9, 2026, aligns with RBI governance directions for Non-Banking Financial Companies.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company noted that the RBI permission was sought under para 10 of the Reserve Bank of India (Non-Banking Financial Companies – Governance) Directions 2025.

Board changes at subsidiary

In addition to Mr. Laxkar’s transition from Independent Director to Executive Director, the RBI took note of two new appointments to the board of Jineshvar Securities Private Limited:

  • Mr. Awadhesh Kumar Gupta appointed as Independent Director
  • Ms. Dipika Pradeep Soni appointed as Independent Director

Corporate name change

The filing was signed by Viren Sudhirbhai Bakraniya, Managing Director of Arix Energix Limited. The document clarified that the entity now known as Arix Energix Limited was formerly Jupiter Infomedia Limited. The name change was effected with effect from July 17, 2026, following a special resolution passed by members on June 24, 2026. The application for the name change is currently under process with BSE Limited.

Historical Stock Returns for Jupiter Infomedia

1 Day5 Days1 Month6 Months1 Year5 Years
+4.58%+11.84%+10.14%-32.47%-15.04%+97.09%

How will the transition of Mr. Anshul Laxkar to Executive Director impact Jineshvar Securities' strategic direction and operational efficiency?

What are the expected timelines for BSE Limited to approve the name change from Jupiter Infomedia to Arix Energix, and how might this affect investor perception?

Will the new governance structure at Jineshvar Securities lead to changes in its lending portfolio or risk management practices under the RBI's 2025 directions?

Arix Energix shareholders approve FY26 financials with 99.45% votes in favour

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Reviewed by
Jubin VScanX News Team
Key Highlights
  • All three AGM resolutions passed with 99.45% votes in favour
  • Voting participation stood at 5.92% of total outstanding shares
  • Promoter group cast 92,855 votes; public non-institutions cast 500,547 votes
  • Kajal Gopal Baldha re-appointed as Executive Director after retiring by rotation
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Arix Energix Limited shareholders approved all three ordinary resolutions at its 21st Annual General Meeting held on September 29, 2026. The audited financial statements for FY26 received 99.45% of valid votes in favour, with only 0.55% against.

The meeting, conducted via video conferencing, also authorized related party transactions for FY27 and re-appointed Kajal Gopal Baldha as Executive Director. The scrutinizer’s report, submitted to BSE on September 30, 2026, confirmed that no registered speakers participated in the question-answer round.

Voting participation and results

Voting was conducted through remote e-voting and electronic voting at the AGM. The total number of shares on record date (September 23, 2026) stood at 10,020,000. However, only 593,402 votes were polled, representing a participation rate of 5.92% of outstanding shares.

The promoter group voted 92,855 shares, while public non-institutional investors voted 500,547 shares. Institutional investors did not participate in the voting process.

Resolution Votes in Favour Votes Against % In Favour Status
Adoption of FY26 financial statements 590,160 3,242 99.45% Approved
Re-appointment of Kajal Gopal Baldha 590,160 3,242 99.45% Approved
Authorization of related party transactions for FY27 590,160 3,242 99.45% Approved

All three resolutions passed with the requisite majority. No invalid votes were recorded across any category.

Governance and compliance details

Malay Desai, Proprietor of M/s. Malay Desai & Associates, served as the scrutinizer. The remote e-voting facility was open from September 26 to September 28, 2026. Viren Sudhirbhai Bakraniya served as Managing Director during the proceedings and signed the submission to BSE.

The company, formerly known as Jupiter Infomedia Limited, changed its name effective July 17, 2026. The name change application remains under process with BSE Limited. The meeting commenced at 1:30 pm and concluded at 1:40 pm.

Historical Stock Returns for Jupiter Infomedia

1 Day5 Days1 Month6 Months1 Year5 Years
+4.58%+11.84%+10.14%-32.47%-15.04%+97.09%

How will the extremely low 5.92% shareholder participation rate impact future corporate governance assessments and institutional investor confidence in Arix Energix?

What specific strategic initiatives or operational changes are implied by the recent rebranding from Jupiter Infomedia to Arix Energix, and how might this affect the company's sector positioning?

Given the absence of institutional investor voting, what steps is management taking to attract long-term institutional capital to improve liquidity and market credibility?

More News on Jupiter Infomedia

1 Year Returns:-15.04%