RBI Nod for Fresh Share Issue in Subsidiary; Stake to Fall from 99.98% to 52.62%
Wholly owned subsidiary Jineshvar Securities Pvt Ltd has received RBI approval to allot 11,25,000 fresh equity shares of Rs. 10/- each to Mr. Anshuk Laxkar.
- Fresh equity shares allotted
- 11,25,000 equity shares of Rs. 10/- each
- Parent stake before allotment
- 99.98%
- Parent stake after allotment
- 52.62%
- Regulatory approval
- RBI approval received
- Subsidiary status change
- Cease to be wholly owned subsidiary, remain majority-held subsidiary
What was disclosed
The company informed BSE that its wholly owned subsidiary, Jineshvar Securities Private Limited, has received approval from the Reserve Bank of India for the allotment of a fresh issue of 11,25,000 Equity Shares of Rs. 10/- each to Mr. Anshuk Laxkar, described as the Acquirer.
Effect on shareholding
- Existing stake held by the parent: 99.98%
- Stake after the proposed allotment: 52.62%
- Jineshvar Securities Private Limited will cease to be a Wholly-Owned Subsidiary, but the parent continues to hold a majority stake.
How to read it
This is a fresh issue of shares by the subsidiary, not a sale of shares by the parent, so the new money comes into the subsidiary while the parent's proportionate ownership reduces. The allotment is described as proposed, following the RBI approval.
Name change note
The company states that, pursuant to a special resolution passed by members on 24th June 2026, its name was changed from Jupiter Infomedia Limited to Arix Energix Limited with effect from 17th July 2026, and the name change application is under process with BSE Limited.
More numbers
- Fresh equity shares to be allotted by subsidiary11,25,000 Equity Shares
- Face value per shareRs. 10/- each
- Existing stake in subsidiary99.98%
- Stake after dilution52.62%
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