As per attached annexure.
Price
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Jupiter Infomedia has completed a change of control, with Arix Capital Limited and Mrs. Kajal Baldha acquiring 51.10 lakh equity shares (about 51% of voting capital) from the existing promoters under a share purchase agreement and subsequent open offer. As the final step, Chairman & MD Mr. Umesh Vasantlal Modi and Whole-Time Director & CFO Mrs. Manisha Umesh Modi resigned on March 26, 2026, along with the Modi family ceding all control. The board appointed Mr. Viren Bakraniya (a Chartered Accountant with stints at EY, Reliance Industries, and Arix Capital) as Additional Executive Director, Managing Director, and CFO for a 5-year term. Mrs. Kajal Baldha, promoter of Arix Capital, was appointed as Non-Executive Non-Independent Director. Additionally, the four-member Modi promoter group has been approved for reclassification from 'Promoter/Promoter Group' to 'Public' category, pending stock exchange approval.
This is a complete management takeover, so the stock may see volatility as the new promoter group (Arix Capital) takes charge. Existing shareholders should watch the new management's strategy and any related-party dealings closely, since the new promoter now controls the board and key financial roles. The reclassification of the old promoter group to 'public' also reduces promoter holding to zero, which could affect stock perception and minimum public shareholding compliance.