Jupiter Infomedia Ltd: New Management Takeover, Directors Resign, Others Appointed

Jupiter Infomedia Ltd announced a change 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 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 director positions. The board has approved the appointment of Mr. Viren Bakraniya as the new Managing Director and Chief Financial Officer, and Mrs. Kajal Baldha as an Additional Director. The Sellers, including the Modi family, have been reclassified from the 'Promoter/Promoter Group Category' to the 'Public' category.