Change of Object, Notice of Extra ordinary general meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jupiter Infomedia's board has approved major corporate changes to be put before shareholders at an EGM on 24th June 2026. The company plans to add new business objects covering IT solutions, AI, machine learning, IoT, renewable energy, hydrogen, battery storage and energy infrastructure, effectively pivoting from its media roots into the energy-tech space. It also wants to rename itself "Arix EnergiX Limited," shift its registered office from Maharashtra to Gujarat, and raise authorized share capital to Rs. 20 crore (2 crore shares of Rs. 10 each). The biggest item is a preferential issue of 81,95,000 convertible warrants at Rs. 61 per warrant, raising up to roughly Rs. 49.99 crore, with promoter Arix Capital Limited taking 42 lakh warrants (over half the issue) and 31 other allottees taking the rest. Existing promoters from the Modi family are being reclassified into the public category. A few director appointments are also being confirmed.
If approved, existing public shareholders will see meaningful dilution once warrants convert, and the company's identity is set to shift dramatically toward energy and AI — a high-risk, capital-intensive pivot. The Rs. 12.5 crore upfront from the 25% warrant application money gives some near-term cash, but execution in energy and the Gujarat relocation are the key things to watch for existing shareholders.