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 more than Nifty Microcap 250 and 0.8 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, sold 80,000 equity shares (0.80% of total share capital) of the company. The sale was executed under a Share Purchase Agreement dated April 9, 2025, and the intimation was dated March 12, 2026. His holding has come down from 28,15,000 shares (28.09%) to 27,35,000 shares (27.30%). The disclosure was filed under SEBI Takeover Regulations and Insider Trading Regulations, and the share capital of the company remains unchanged at ₹10.02 crore (1,00,20,000 equity shares of ₹10 each).
A minor promoter trimming of 0.80% stake is not material to stock price, but it is worth noting that the promoter continues to hold a healthy 27.30% in the company. Retail investors should watch for any further stake reductions, as repeated promoter selling can be a negative signal.