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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On the reaction day the stock moved 2.9 pts less than Nifty Microcap 250 and 3.9 pts less than its Internet & Catalogue Retail peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Umesh Vasantlal Modi, Promoter and Managing Director of Jupiter Infomedia Ltd, has sold 1,00,000 equity shares, representing 1.00% of the company's total share capital. The sale was executed off-market under a Share Purchase Agreement dated April 9, 2025, with the transaction completed on March 16, 2026. After the disposal, his holding reduced from 27,35,000 shares (27.30%) to 26,35,000 shares (26.30%). The total equity share capital of the company remains unchanged at Rs.10.02 crore divided into 1,00,20,000 equity shares of Rs.10 each. This disclosure was filed under SEBI's SAST and Insider Trading regulations.
A 1% stake reduction by the promoter signals some trimming of holding, though he remains a significant shareholder at 26.30%. Off-market sale via SPA suggests a pre-arranged buyer rather than open-market pressure. Retail investors should monitor whether further sales follow, as promoter exits can weigh on stock sentiment.