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.

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.

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.

Jupiter infomedia Limited's promoter and Managing Director Umesh Vasantlal Modi has executed a significant share disposal transaction, reducing his stake in the company. The transaction, completed on March 9, 2026, involved the sale of 1,00,000 equity shares representing 1.00% of the company's total voting capital.

Transaction Details

The share disposal was conducted pursuant to a Share Purchase Agreement dated April 9, 2025. Modi, who holds the Director Identification Number 01570180, filed the necessary regulatory disclosures with BSE Limited on March 9, 2026, in compliance with SEBI regulations.

Shareholding Changes

The disposal has resulted in a reduction of Modi's shareholding in Jupiter Infomedia Limited. His stake has decreased from 29,15,000 shares to 28,15,000 shares, representing a change from 29.09% to 28.09% of the company's total voting capital.

Company Capital Structure

Jupiter Infomedia Limited maintains a consistent equity share capital structure throughout this transaction. The company's capital remains at Rs. 10,02,00,000, divided into 1,00,20,000 equity shares of Rs. 10 each. The total diluted share capital also remains unchanged at the same level.

Regulatory Compliance

The company has fulfilled its regulatory obligations by filing disclosures 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. These filings were submitted to BSE Limited, where the company's shares are listed, ensuring transparency in the promoter's shareholding changes.