As per attached annexure.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jupiter Infomedia's existing promoters — Umesh Modi, Manisha Modi, Kusumben Modi, and Aishwarya Modi — have formally requested reclassification from the 'Promoter/Promoter Group' category to the 'Public' category. This follows their sale of 51,10,000 equity shares (51% of total share capital) to Arix Capital Limited and Mrs. Kajal Gopal Baldha under a Share Purchase Agreement dated April 9, 2025, which also triggered a mandatory open offer. After additional open market sales, the outgoing promoters' combined holding has fallen to just 6.77%, well below the 10% voting rights threshold required to remain classified as promoters. The acquirers have also stated their intention to acquire shares in the company's listed subsidiary, Netlink Solutions India Limited, which will result in an indirect change in control of that subsidiary as well.
This is a major change in control event for shareholders — the original promoter family has effectively exited by selling their majority stake. New owners (Arix Capital and Kajal Baldha) are now in control of Jupiter Infomedia, which could lead to changes in business direction, strategy, and management. Investors should expect heightened volatility and watch for any fresh disclosures from the new promoters.