As per annexure attached.
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Jupiter Infomedia has completed a change of control after Arix Capital Limited and Mrs. Kajal Gopal Baldha acquired about 51% (51,10,000 shares) from the existing promoters via a share purchase agreement dated April 9, 2025, followed by an open offer. As the final step, Chairman and Managing Director Mr. Umesh Vasantlal Modi and Whole-Time Director and CFO Mrs. Manisha Umesh Modi resigned with effect from March 26, 2026. The Board appointed Mr. Viren Bakraniya (currently a Director at Arix Capital, ex-EY and Reliance Industries) as Additional Executive Director, designated as Managing Director and CFO for a 5-year term. Mrs. Kajal Baldha, promoter of Arix Capital, was appointed as an Additional Non-Executive, Non-Independent Director. The outgoing Modi family (Umesh, Manisha, Kusumben, Aishwarya) will be reclassified from Promoter/Promoter Group category to Public category, subject to stock exchange approval.
The company is now under new promoter control led by Arix Capital, with a complete management transition. Shareholders should expect a strategic shift in direction under the new MD/CFO, and the exit of the founding Modi family means the stock no longer carries promoter-group governance overhang, though it now depends on the new management's execution.