The Board of Directors of the Company at its meeting held on Friday, March 20, 2026, based on the recommendation of the Nomination and Remuneration Committee, has inter alia considered ....
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Netlink Solutions India Ltd has undergone a change in management and control following an open offer under SEBI Takeover Regulations. Acquirers — Arix Capital Limited, Mrs. Kajal Gopal Baldha, and Mr. Punitbhai Bavanjibhai Lakkad — acquired 51% of the paid-up equity share capital of the company's holding company, Jupiter Infomedia Limited, triggering an open offer for 26% of Netlink Solutions' voting share capital. As a result, the existing CFO Mrs. Rupa Minesh Modi resigned effective March 20, 2026, citing the change in control. Mr. Punitbhai Bavanjibhai Lakkad, one of the acquirers and a Director of Arix Capital since April 2019 with over 12 years of industry experience, was appointed as the new CFO effective March 21, 2026.
Shareholders should note that the company has changed hands through an indirect acquisition at the holding company level, with new promoters now in control. The replacement of the CFO signals a full management restructuring, which may bring strategic and operational changes but also introduces key-person transition risk in the near term.