Netlink Solutions India Ltd. Receives Reclassification Requests from Promoters
Netlink Solutions (India) Limited announced on March 26, 2026, that it has received requests from Mr. Minesh V Modi and Mrs. Rupa Minesh Modi, both Promoters of the company, to reclassify from the ‘Promoter Category’ to the ‘Public Category.’This action follows a Share Purchase Agreement dated April 9, 2025, between M/s Arix Capital Limited and existing promoters of Jupiter Infomedia Limited, which resulted in an indirect acquisition of voting rights and control over Netlink Solutions (India) Limited. Subsequently, an open offer was made to the public shareholders of Netlink Solutions (India) Limited.
According to the companies, the Promoters’ intention to seek reclassification was disclosed in the Letter of Offer.
As part of their request, Mr. Minesh V. Modi and Mrs. Rupa Minesh Modi confirmed that they, along with persons acting in concert with them, do not hold more than 10% of the total voting rights in the company, do not exercise control over the affairs of the company, and do not have special rights with respect to the company. They also confirmed the absence of pending regulatory actions against them.
A copy of the reclassification request has been submitted for record.
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