Jupiter Infomedia Subsidiary Netlink Solutions Faces Open Offer and Board Changes
Jupiter Infomedia Limited disclosed that Arix Capital Limited and associates have launched an open offer for 26.00% of subsidiary Netlink Solutions (India) Limited's voting share capital under SEBI takeover regulations. The offer follows the acquirers' purchase of 51.00% stake in Jupiter Infomedia. Netlink Solutions has appointed Mr. Viren Bakraniya as Additional Director (Non-Executive Non-Independent) and Mrs. Kajal Baldha as Additional Director (Executive) and Whole-time Director, both effective March 10, 2026.
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Jupiter Infomedia Limited has announced significant corporate developments at its subsidiary Netlink Solutions (India) Limited, involving an open offer and key board appointments under regulatory disclosure requirements.
Open Offer Details
An open offer has been launched for Netlink Solutions (India) Limited by a consortium of acquirers comprising Arix Capital Limited, Mrs. Kajal Gopal Baldha, and Mr. Punithbai Bavanjibhai Lakkad. The offer targets 26.00% of the voting share capital of Netlink Solutions under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
| Parameter: | Details |
|---|---|
| Target Company: | Netlink Solutions (India) Limited |
| Offer Size: | 26.00% of voting share capital |
| Lead Acquirer: | Arix Capital Limited |
| Associated Acquirers: | Mrs. Kajal Gopal Baldha, Mr. Punithbai Bavanjibhai Lakkad |
| Regulatory Framework: | SEBI SAST Regulations 2011 |
The open offer stems from the indirect acquisition of voting rights and control over Netlink Solutions following the acquirers' purchase of 51.00% of the paid-up equity share capital of Jupiter Infomedia Limited, the holding company of Netlink Solutions.
Board Appointments at Subsidiary
Following the corporate restructuring, Netlink Solutions (India) Limited has made strategic board appointments based on recommendations from its Nomination and Remuneration Committee. The board has approved two key appointments effective March 10, 2026.
| Position: | Appointee Details |
|---|---|
| Additional Director (Non-Executive Non-Independent): | Mr. Viren Bakraniya (DIN: 10931691) |
| Additional Director (Executive) & Whole-time Director: | Mrs. Kajal Baldha (DIN: 07406583) |
| Effective Date: | March 10, 2026 |
Regulatory Compliance
The disclosure has been made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, reflecting Jupiter Infomedia's commitment to maintaining transparency with stakeholders regarding material developments at its subsidiary companies. The transaction structure involves compliance with multiple SEBI regulations including Regulations 3(1), 4 and 5(1) of the SAST Regulation.
The announcement was signed by Manisha Umesh Modi, Whole-time Director & CFO of Jupiter Infomedia Limited, ensuring proper corporate governance protocols were followed in the disclosure process.
Historical Stock Returns for Jupiter Infomedia
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.25% | +0.94% | -3.70% | -37.60% | -16.47% | 0.0% |
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