A meeting of the Board of Directors of Jupiter Infomedia Limited was held on 27th May 2026, commencing at 4:30 pm and concluding at 6:15 pm. The board considered and approved the following items:
1. Fundraising
- Approved raising funds through a preferential issue of warrants up to ₹50 crores.
2. Memorandum of Association Alterations
- Main Object Clause: Approved the alteration by adding a new object clause. The proposed additional objects are:
- To develop, manufacture, trade, and provide comprehensive IT solutions, maintenance, and consultancy in software, Artificial Intelligence (AI), machine learning, IoT, data analytics, computer hardware, data communication, telecommunications, manufacturing and process control and automation, and digital platforms for energy optimization, smart grid management, predictive maintenance, and efficient energy utilization.
- To collaborate, partner, or enter into agreements or joint ventures with domestic or international entities for the development and promotion of IT solutions, AI, machine learning, IoT, data analytics, and sustainable and clean energy solutions.
- To promote digitally for sustainability, carbon reduction, and environmental protection through the adoption of renewable energy, green hydrogen, and innovative technologies.
- To carry on the business of contractors and EPC for renewable energy, hydrogen, ammonia gas and oil, construction, and civil works for government, semi-government, or private entities.
- Name Clause: Approved the alteration of the Name Clause.
- Capital Clause: Approved the alteration to increase the Authorized Share Capital of the Company to ₹20,00,00,000 (Twenty Crore Rupees), divided into 2,00,00,000 Equity Shares of ₹10 each.
- Registered Office Clause: Approved the alteration to shift the registered office from the state of Maharashtra to the state of Gujarat.
3. Operational Update
- Approved the opening of a Branch office cum Additional Place of Business at A 1103, Sankalp Square 3A, Sindhu Bhavan Road, Thaltej, Ahmedabad 380058.
4. Director Appointments
- Ms. Payal Dhamecha: Appointed as an Independent Director of the Company, subject to shareholder approval.
- DIN: 10217549
- Date of Appointment: 27th May 2026
- Profile: Completed commerce and law graduation and Company Secretary professional qualification. Has reasonable experience in company law, IPR law, and legal matters. Practising in her proprietary firm for the last few years. Not related to any existing directors and not debarred from holding office.
- Mr. Ankit Dave: Appointed as the Professional Executive Director of the Company, subject to shareholder approval.
- Date of Appointment: 27th May 2026
- Profile: A technology entrepreneur and director with experience in building enterprise-grade software platforms for industrial operations, municipal services, asset management, field workforce monitoring, and digital transformation. Focuses on converting complex operational processes into structured digital workflows, including planning, scheduling, mobile execution, GPS/QR-based verification, compliance reporting, ERP/SAP integration, IoT/GPS data capture, and executive dashboards. Not related to any existing directors and not debarred from holding office.
5. Promoter Reclassification
- Approved the reclassification request received from the following promoter and promoter group members:
1. Mr. Umesh Vasantlal Modi
2. Mrs. Manisha Umesh Modi
3. Mrs. Kusumben Vasantlal Modi
4. Ms. Aishwarya Umesh Modi
- The Board analyzed the request and found it compliant with Regulation 31A(3)(b) of the SEBI (LODR) Regulations, 2015.