Announced Fri, 20 Mar · 19:53 IST

As per attached annexure.

Listed Co AcquisitionOpen Offer TriggeredStrategic Transactions View source PDF

Price

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▲ 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
-1.6%1-day move
₹169.70
prior close
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.6-5.1-0.4+4.6+9.8+17.9+12.6+26.1+17.6+12.3
Up moveDown movePending
AI summary

Netlink Solutions India Ltd informed BSE about the outcome of its board meeting on March 20, 2026, confirming the completion of an open offer under SEBI's Takeover Regulations. The open offer was made by Arix Capital Limited, Mrs. Kajal Gopal Baldha, and Mr. Punitbhai Bavanjibhai Lakkad for acquiring 26% of the voting share capital of the company, triggered by their purchase of 51% in the holding company, Jupiter Infomedia Limited. This has resulted in a change of management and control of the company. Following this change, the existing CFO, Mrs. Rupa Minesh Modi, resigned effective end of day March 20, 2026, and Mr. Punitbhai Bavanjibhai Lakkad (one of the acquirers) was appointed as the new CFO effective March 21, 2026.

Likely market impact

This is a significant change-of-control event. Shareholders should note that new owners (the Arix Capital group) now control the company and have placed one of their own as CFO, signaling they intend to actively manage the business going forward. The stock may see continued volatility as the market digests the new ownership structure.