Open offer triggered for Netlink Solutions after Jupiter Infomedia stake sale

Jupiter Infomedia Limited has disclosed an open offer for 26% of subsidiary Netlink Solutions following the acquisition of a controlling stake in the parent company by Arix Capital and associates.

Jupiter Infomedia Limited has announced significant developments involving its subsidiary, Netlink Solutions (India) Limited, including a mandatory open offer for additional shares and new board appointments. The disclosures were made under regulatory requirements following a change in ownership at the parent company level.

A consortium of acquirers led by Arix Capital Limited, along with Mrs. Kajal Gopal Baldha and Mr. Punithbai Bavanjibhai Lakkad, has launched an open offer to acquire up to 26% of the voting share capital of Netlink Solutions (India) Limited. The offer has been initiated in compliance with the Securities and Exchange Board of India (SEBI) Substantial Acquisition of Shares and Takeovers (SAST) Regulations, 2011.

The open offer was triggered after the acquirers purchased a 51% stake in Jupiter Infomedia Limited, the holding company of Netlink Solutions. The acquisition resulted in an indirect change in control of the subsidiary, thereby mandating a public open offer to minority shareholders under SEBI takeover norms.

The move is part of a broader corporate restructuring that follows the ownership change at Jupiter Infomedia.

Alongside the open offer, Netlink Solutions has also announced changes to its board of directors. Based on the recommendations of its Nomination and Remuneration Committee, the company’s board has approved two key appointments effective March 10, 2026.

Viren Bakraniya has been appointed as an Additional Director in a Non-Executive and Non-Independent capacity. Meanwhile, Kajal Baldha has been appointed as an Additional Director (Executive) and Whole-time Director of the company.

These appointments are expected to strengthen the leadership structure of Netlink Solutions as it moves forward under the new ownership framework.

The company stated that the announcements were made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency regarding material corporate developments affecting investors and stakeholders.

The regulatory filing was signed by Manisha Umesh Modi, Whole-time Director and Chief Financial Officer of Jupiter Infomedia Limited.

The transaction and board restructuring highlight the evolving ownership and governance structure within the Jupiter Infomedia group following the recent acquisition.