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 Netlink Solutions (India) Limited's voting share capital. This follows their acquisition of 51.00% of the paid-up equity share capital of the company's holding company, Jupiter Infomedia Limited. 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 note of 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. The promoters, Mr. Minesh Modi and Mrs. Rupa Modi, have sought reclassification from 'Promoter' category to 'Public' category.