RBI approves change in designation of director at material un-listed subsidiary

RBI has granted permission for the change in designation of Mr. Anshul Laxkar from Independent Director to Executive Director at Jineshvar Securities Private Limited, a material un-listed subsidiary of the company.

Sat 10 Oct 2026

Designation change

from Independent Director to Executive Director

Intimation received on

October 09, 2026

Regulatory reference

para 10 of the Reserve Bank of India (Non-Banking Financial Companies – Governance) Directions 2025

What the company told the exchange

RBI has granted permission for a change in designation of Mr. Anshul Laxkar from Independent Director to Executive Director on the board of Jineshvar Securities Private Limited, a material un-listed subsidiary of the company. The company received this intimation from Jineshvar Securities Private Limited on October 09, 2026.

Along with this, RBI also took note of the appointment of Mr. Awadhesh Kumar Gupta and Ms. Dipika Pradeep Soni as Independent Directors on the board of Jineshvar Securities Private Limited.

Why RBI approval was involved

The disclosure refers to para 10 of the Reserve Bank of India (Non-Banking Financial Companies – Governance) Directions 2025. Under this framework, a change in the designation of a director on the board of such an entity requires permission from the RBI, and appointments of independent directors are placed before the RBI for its noting.

What it means in simple terms

• A person who was an Independent Director — an oversight role, not part of day-to-day management — has moved to Executive Director, which is a management role.
• Two new Independent Directors have come on to that subsidiary's board.
• The change is at the level of the subsidiary's board.

Name change note in the update

The document carries a note that, following a special resolution passed by members at the General Meeting held on 24th June 2026, the company's name was changed from Jupiter Infomedia Limited to Arix Energix Limited with effect from 17th July 2026. The name change application is stated to be under process with BSE Limited.

Overall read

The update is regulatory in nature. It records a permission granted by RBI and an intimation received from the material un-listed subsidiary about its board composition.

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