As per annexure attached.
Price
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Jupiter Infomedia has undergone a complete change of control and management. Acquirers Arix Capital Limited and Mrs. Kajal Gopal Baldha bought roughly 51% of the company's voting share capital (about 51.10 lakh equity shares) under a share purchase agreement dated April 9, 2025, followed by a mandatory open offer. As a result, Mr. Umesh Vasantlal Modi stepped down as Chairman and Managing Director, and Mrs. Manisha Umesh Modi resigned as Whole-Time Director and CFO, both effective March 26, 2026. The board appointed Mr. Viren Bakraniya, a Chartered Accountant currently a Director at Arix Capital (with prior stints at EY, Reliance Industries, and Onix Renewable), as Additional Executive Director designated as Managing Director and CFO. Mrs. Kajal Baldha, one of the acquirers and promoter of Arix Capital, was appointed as a Non-Executive Non-Independent Additional Director. The outgoing Modi family promoters have also been reclassified from the Promoter/Promoter Group category to the Public category, pending stock exchange approval.
This is a major governance shake-up with the company's ownership and leadership fully handed over to the new acquirer group, which should be read as a strategic pivot under new promoters. Shareholders should watch for the shareholder approval of the new MD's appointment and the formal reclassification of the outgoing promoters; near-term stock reaction will likely depend on the new management's business plans.