Jupiter Infomedia to Raise ₹50 Cr via Warrants

Jupiter Infomedia Ltd's board approved raising funds up to ₹50 crores through a preferential issue of warrants. They also approved altering the Memorandum of Association's Main Object, Name, and Capital Clauses, including increasing authorized share capital to ₹20 crores. The registered office will shift from Maharashtra to Gujarat, and a branch office will open in Ahmedabad. Ms. Payal Dhamecha and Mr. Ankit Dave were appointed as Independent and Professional Executive Directors, respectively, subject to shareholder approval. The board also approved a reclassification request from promoters.