Board Meeting Details

The Board of Directors meeting was held on 1st June 2026 from 7:00 PM to 8:00 PM.

Board Approvals

1. Alteration of Main Object Clause of Memorandum of Association by addition of new Object Clause (details in Annexure I)

2. Approval of notice for Extraordinary General Meeting to be held on 24th June 2026 through Audio Visual means

EGM Details

Extraordinary General Meeting scheduled for Wednesday, 24th June 2026 at 11:00 PM through VC/OAVM

EGM Agenda Items

1. Confirmation of Ms. Kajal Gopal Baldha (DIN: 07406583) as Non-Executive Director (Promoter Category)

  • Appointed as Additional Director effective 26th March 2026
  • Proposed term: 5 years from 26th March 2026
  • Resolution type: Ordinary Resolution

2. Confirmation of Mr. Viren Sudhirbhai Bakraniya (DIN: 10931691) as Managing Director (Professional Category)

  • Appointed as Additional Director effective 26th March 2026
  • Proposed term: 5 years from 26th March 2026
  • Remuneration: ₹200,000 per month
  • Resolution type: Ordinary Resolution

3. Confirmation of Mr. Ankit Dave (DIN: 02774431) as Professional Executive Director

  • Appointed as Additional Director effective 27th May 2026
  • Proposed term: 5 years from 27th May 2026
  • Remuneration: Up to ₹200,000 per month
  • Resolution type: Ordinary Resolution

4. Confirmation of Ms. Payal Dhamecha (DIN: 10217549) as Independent Director

  • Appointed as Additional Independent Director effective 27th May 2026
  • Proposed term: 5 years from 27th May 2026
  • Remuneration: Maximum ₹20,000 per meeting plus out-of-pocket expenses
  • Resolution type: Ordinary Resolution

5. Alteration of Object Clause by Addition of New Objects

Proposed addition of 7 new main object clauses covering:

  • IT solutions, AI, machine learning, IoT, data analytics
  • Renewable energy equipment manufacturing and trading
  • Battery Energy Storage Systems (BESS)
  • EPC contracting for civil, infra, renewable energy projects
  • Research and development in green energy and hydrogen technologies
  • Collaboration with domestic/international entities for IT and energy solutions
  • Digital promotion for sustainability and carbon reduction
  • Resolution type: Special Resolution

6. Alteration of Name Clause

  • Change from "Jupiter Infomedia Limited" to "Arix EnergiX Limited"
  • Subject to ROC approval
  • Resolution type: Special Resolution

7. Shift of Registered Office

  • From State of Maharashtra to State of Gujarat
  • Resolution type: Special Resolution

8. Increase in Authorized Share Capital

  • From ₹11,00,00,000 to ₹20,00,00,000
  • From 1,10,00,000 equity shares to 2,00,00,000 equity shares of ₹10 each
  • Resolution type: Ordinary Resolution

9. Preferential Issue of Convertible Warrants

  • Issue of 81,95,000 convertible warrants of ₹10 each at issue price of ₹61 per warrant
  • Total issue size: ₹49,98,95,000
  • 25% payment (₹15.25 per warrant) at application, 75% (₹45.75 per warrant) at conversion
  • Conversion period: 18 months from allotment date
  • Allotment to be completed within 15 days of EGM approval
Allottee Details (25 allottees):
  • Arix Capital Limited: 42,00,000 warrants (Promoter)
  • Manoj Chandubhai Bodar: 3,75,000 warrants
  • Easyfin Investment Solutions: 3,50,000 warrants
  • Manoj Chandubhai Bodar (HUF): 3,20,000 warrants
  • 21 other allottees including directors and individuals: ranging from 15,000 to 2,50,000 warrants
Fund Utilization:
  • Capital Expenditure: ₹0.50 crore
  • Working Capital: ₹41.99 crores
  • General Corporate Purpose: ₹7.50 crore
Pricing Details:
  • Relevant Date: 25th May 2026
  • Price as per Regulation 164(1) of SEBI ICDR: ₹60.75 per warrant
  • Price as per Regulation 166A of SEBI ICDR: ₹60 per warrant
  • Board determined price: ₹61 per warrant (₹10 face value + ₹51 premium)
Shareholding Pattern Impact:
  • Pre-issue promoter holding: 51.00% (51,10,225 shares)
  • Post-issue promoter holding (assuming full conversion): 51.11% (93,10,225 shares)
  • Public shareholding maintained above 25% requirement

10. Reclassification of Promoters

  • Approval for reclassification of existing promoters to public category:
  • Mr. Umesh Vasantlal Modi
  • Mrs. Manisha Umesh Modi
  • Mrs. Kusumben Vasantlal Modi
  • Ms. Aishwarya Umesh Modi
  • Resolution type: Ordinary Resolution

Record Date and Voting Details

  • Record Date: 17th June 2026
  • Remote e-voting period: 21st June 2026 (9:00 AM) to 23rd June 2026 (5:00 PM)
  • Scrutinizer: Mr. Malay Desai, Practicing Company Secretary

Financial Impact

Fundraising of ₹49.98 crore through warrant issue, with specific allocation for capital expenditure, working capital, and general corporate purposes for new business expansion.

Capital Structure Impact

  • Authorized capital increase from ₹11 crore to ₹20 crore
  • Potential equity dilution of 81,95,000 shares upon full warrant conversion
  • Post-issue fully diluted share capital: 1,82,15,000 shares