The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Umesh Modi
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Umesh Vasantlal Modi, Promoter and Managing Director of Jupiter Infomedia Ltd, sold 1,50,000 equity shares, representing 1.50% of the company's share capital, on March 25, 2026. His stake fell from 14,27,872 shares (14.25%) to 12,77,872 shares (12.75%). The company has a total equity share capital of Rs 10.02 crore, divided into 1,00,20,000 shares of Rs 10 each. The disclosure was filed to BSE on March 26, 2026, under both the SEBI Takeover Regulations and the Prohibition of Insider Trading Regulations.
A 1.50% stake reduction by the Promoter and MD in a single transaction may be viewed negatively by retail investors, as it could indicate weaker insider confidence in the stock. However, the post-sale holding remains meaningful at 12.75%, so overall control and skin-in-the-game is preserved.