Board Meeting20 Mar 2026, 07:51 pm
Netlink Solutions India Ltd: New CFO Appointed After Open Offer Completion and CFO Resignation
AI Summary
The Board of Directors of Netlink Solutions India Ltd announced the resignation of the Chief Financial Officer (CFO), Mrs. Rupa Minesh Modi, due to the change in management and control following the completion of an open offer under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The open offer was made by M/s Arix Capital Limited, Mrs. Kajal Gopal Baldha, and Mr. Punitbhai Bavanjibhai Lakkad, who collectively acquired 51.00% of the paid-up equity share capital of the holding company, Jupiter Infomedia Limited. As a result, Mr. Punitbhai Bavanjibhai Lakkad has been appointed as the new CFO and Key Managerial Personnel of the Company with effect from March 21, 2026.
Key Highlights
- Open offer made by Arix Capital Limited, Mrs. Kajal Gopal Baldha, and Mr. Punitbhai Bavanjibhai Lakkad under SAST Regulation
- Acquirers acquired 51.00% of Jupiter Infomedia Limited's paid-up equity share capital
- Change in management and control of the Company
- Resignation of Mrs. Rupa Minesh Modi as Chief Financial Officer
- Appointment of Mr. Punitbhai Bavanjibhai Lakkad as the new Chief Financial Officer