Acquirers Complete Open Offer for 26.00% Stake in Netlink Solutions India Ltd, Resulting in Change in Management and Control

M/s Arix Capital Limited, Mrs. Kajal Gopal Baldha, and Mr. Punitbhai Bavanjibhai Lakkad have completed an open offer for 26.00% of the voting share capital of Netlink Solutions (India) Limited. This acquisition follows the indirect acquisition of 51.00% of the paid-up equity share capital of its holding company, Jupiter Infomedia Limited, under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The open offer of the holding company has been completed, leading to the appointment of directors of the acquirers and the cessation of directors of the existing promoters on the board of the holding company. Consequently, the last process of the change in management and control of the Company has also been completed. The Board of Directors of the Company has taken on record the resignation of Mr. Minesh Vasantlal Modi and Mrs. Rupa Minesh Modi, who have ceased to hold any direct or indirect control or management over the affairs of the Company.