Jupiter Infomedia Ltd: New Management Appointments and Promoters' Reclassification Following Acquisition

Jupiter Infomedia Ltd announced changes in its management and board of directors. Following a share purchase agreement and open offer, M/s Arix Capital Limited and Mrs. Kajal Gopal Baldha have acquired 51.00% of the company's voting share capital. This has led to the resignation of Mr. Umesh Vasantlal Modi, Mrs. Manisha Umesh Modi, Mrs. Kusumben Vasantlal Modi, and Ms. Aishwarya Umesh Modi from their positions. The board has approved the appointment of Mr. Viren Bakraniya as Managing Director and CFO, and Mrs. Kajal Baldha as an Additional Director. The company also confirmed that Mr. Viren Bakraniya and Mrs. Kajal Baldha are not debarred from holding the office of director. Furthermore, the board approved the reclassification of the former promoters from the 'Promoter/Promoter Group Category' to the 'Public' category.