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 Ltd has called an Extra-ordinary General Meeting on 24th June 2026 to seek shareholder approval on 10 major items. The company plans to rename itself 'Arix EnergiX Limited' and expand its business into AI, IoT, data analytics, renewable energy, green hydrogen, battery storage systems, and infrastructure projects by altering its main objects clause. It is also shifting its registered office from Maharashtra to Gujarat and increasing authorized share capital from current levels to Rs. 20 crore (2 crore equity shares of Rs. 10 each). Additionally, the company proposes a preferential issue of 81,95,000 convertible warrants at Rs. 61 per warrant (including Rs. 51 premium), aggregating to roughly Rs. 49.99 crore, with the promoter group Arix Capital Limited subscribing to about 42 lakh warrants. The EGM also seeks confirmation of four director appointments — including Mr. Viren Bakraniya as Managing Director and Ms. Payal Dhamecha as Independent Director — each for a 5-year term. Finally, four existing promoters (Modi family members) have applied to be reclassified from promoter to public category.
This is a transformational announcement: the company is rebranding, pivoting into clean energy and AI businesses, raising about Rs. 50 crore via warrants (mostly from the promoter group), and undergoing major management changes. Existing shareholders should vote carefully on the name change, business diversification, and capital expansion as these will reshape the company's identity and dilute existing holdings once warrants are converted.