As per annexure attached herewith.
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The promoters of Jupiter Infomedia Ltd — Mr. Umesh Vasantlal Modi, Mrs. Manisha Umesh Modi, and Mrs. Kusumben Vasantlal Modi — have signed a Share Purchase Agreement (SPA) on April 9, 2025 to sell 51,00,000 equity shares (51% of the paid-up capital) to M/s Arix Capital Limited and Mrs. Kajal Gopal Baldha for a total consideration of ₹25.55 crores. The promoters currently hold 70.73% of the company, so this transaction involves a change of control with the acquirers taking over management. The acquirers made a Public Announcement on April 9, 2025, which triggers a mandatory open offer for additional shares from public shareholders. After the open offer completes, the acquirers will be reclassified as promoters and the existing promoter group will move to the public category under SEBI LODR rules.
Existing shareholders should expect an open offer from the acquirers to buy additional shares at a regulated price, which could provide a near-term exit opportunity. The change of control and promoter reclassification may bring significant uncertainty around future strategy, board composition, and direction of the company.