As per attached annexure.
Price
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Jupiter Infomedia Ltd has completed a change of control, with Arix Capital Limited and Mrs. Kajal Baldha acquiring about 51% of voting share capital (51,10,000 equity shares) from the existing promoter family via a Share Purchase Agreement dated April 9, 2025 and a subsequent open offer. As part of the final step of this takeover, Chairman and Managing Director Mr. Umesh Vasantlal Modi and Whole-Time Director and CFO Mrs. Manisha Umesh Modi have resigned with effect from March 26, 2026. The entire Modi family (Umesh, Manisha, Kusumben, Aishwarya) has stepped down from any control or management of the company. Mr. Viren Bakraniya, a Chartered Accountant currently Director at Arix Capital Limited (with prior stints at EY, Reliance Industries, and Onix Renewable), has been appointed as Additional Director (Executive), Managing Director for a 5-year term, and CFO. Mrs. Kajal Baldha, Promoter and Director of Arix Capital Limited, has been appointed as Additional Non-Executive Non-Independent Director. The Modi promoter group has also been reclassified from 'Promoter' to 'Public' category, subject to stock exchange approval.
This is a complete management change following a successful open offer and acquisition. Existing shareholders should expect new strategic direction from the Arix Capital-led management; near-term stock action may be driven by how the new management articulates its business plan. The shift of the Modi family from promoter to public category removes the earlier promoter overhang.