Announced Sat, 23 May · 12:34 IST

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

Promoter Stake Sell 1pctOwnership Changes View source PDF

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+8.0%1-day move

₹61.25

prior close

₹63.00

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.0+0.0+0.0+0.0+8.0+2.6-2.5-5.5-2.1-3.5-6.0-6.1-12.2—

Up moveDown movePending

AI summary

Umesh Vasantlal Modi, a former promoter of Jupiter Infomedia Ltd, sold 1,00,000 equity shares (1.00% of total share capital) in an open market transaction on May 22, 2026. The sale reduced his holding from 6,77,872 shares (6.77%) to 5,77,872 shares (5.77%). Modi clarified that he is no longer a promoter, director, or in control/management of the company, having sold his majority stake to new acquirers who became promoters following an open offer. The total share capital remains unchanged at Rs. 10.02 crore divided into 1,00,20,000 equity shares of Rs. 10 each.

Likely market impact

This represents a continued reduction in stake by the outgoing promoter, signalling a complete exit from the company. The change in promoter holding may indicate ongoing restructuring of the company's ownership, with new promoters consolidating control.