The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Umesh Modi

Promoter Stake Sell 1pctOwnership Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+4.0%Reaction day

₹48.10

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+2.9%+1.1% vs market

Internet & Catalogue Retail peers, median of 6sector+1.4%+2.5% vs sector

On the reaction day the stock moved 1.1 pts more than Nifty Microcap 250 and 2.5 pts more 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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AI summary

Umesh Vasantlal Modi, the Promoter and Managing Director of Jupiter Infomedia Ltd, has disclosed the sale of 3,00,000 equity shares (3.00% of the total share capital) under Regulation 29(2) of SEBI (SAST) Regulations, 2011. The shares were sold off-market pursuant to a Share Purchase Agreement (SPA) dated April 9, 2025, with the transaction dated March 23, 2026. As a result, his individual holding in the company has reduced from 21,27,872 shares (21.24%) to 18,27,872 shares (18.24%). The total share capital of the company remains unchanged at Rs. 10.02 crore divided into 1,00,20,000 equity shares of Rs. 10 each. The disclosure is also filed under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015.

Likely market impact

A 3% promoter stake sale through an off-market SPA — not the open market — may have limited immediate impact on stock price, but signals a notable reduction in the MD's personal holding. Shareholders should watch for any further disclosures on the overall promoter group holding and the identity of the buyer under the SPA.