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 7.2 pts more than Nifty Microcap 250 and 7.7 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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Umesh Vasantlal Modi, Promoter and Managing Director of Jupiter Infomedia Limited, sold 6,00,000 equity shares (5.99% of total share capital) in the open market on March 25, 2026. Before the sale, he held 12,77,872 shares (12.75%); after the sale, his holding stands reduced to 6,77,872 shares (6.76%). The disclosure was filed under SEBI Takeover Regulations and Insider Trading Regulations. The company's total equity capital remains unchanged at 1,00,20,000 shares of Rs 10 each.
This is a significant promoter stake reduction of nearly half his earlier holding, which may be viewed negatively by retail investors as it signals the promoter is exiting a meaningful portion of his position. It could create short-term selling pressure on the stock, though the promoter still retains a 6.76% stake.