Netlink Solutions EGM: 4 Directors, Gujarat Shift 2026

Why Netlink’s June 2026 EGM mattered

Netlink Solutions (India) Limited moved ahead with a set of board and strategic changes after shareholder approvals at an Extraordinary General Meeting (EGM) held on June 9, 2026. The company used the meeting to formalise a refreshed board structure and to clear operational changes that include selling select assets in Mumbai and shifting its registered office from Maharashtra to Gujarat.

The EGM was conducted through video conferencing (VC) or other audio visual means (OAVM). Alongside governance changes, shareholders also approved an expansion of the company’s object clause to include manufacturing and trading of tungsten-based products. The approvals mark a clear departure from a narrow focus on its existing information technology operations.

Shareholder approvals: board reshuffle, asset powers, and relocation

At the EGM, shareholders approved multiple resolutions covering governance, assets, and corporate location. One key approval gave the board authorisation to sell, lease, or otherwise dispose of company assets. The EGM specifically covered the sale of certain assets including office premises in Mumbai and vehicles.

The same meeting sanctioned the shift of the registered office from Maharashtra to Gujarat. The registered office shift typically involves regulatory filings and operational changes, but the shareholder mandate is a central prerequisite.

Another strategic approval was the alteration of the Memorandum of Association by adding a new object clause to include tungsten-based products. This changes what the company is formally permitted to do as a business.

Confirmed director appointments approved for up to five years

A central agenda item was confirmation of four directors whose appointments had been initiated earlier. Two individuals, Ms. Kajal Gopal Baldha and Mr. Viren Sudhirbhai Bakraniya, were appointed as Additional Directors on March 10, 2026 and later confirmed by shareholders.

Two independent director appointments were also ratified, effective April 23, 2026. The EGM confirmed all four appointments for terms of up to five years, as stated in the meeting disclosures.

Director appointments at a glance

Separately, the company also disclosed that it appointed Ms. Kajal Baldha as Chief Financial Officer on March 30, 2026.

Existing board and management names disclosed

Company disclosures also list key board members and their roles. Minesh Vasantlal Modi has been shown as Chairman and Whole Time Director since 2005, and Rupa Minesh Modi as CFO and Executive Director since 2005. Independent director appointments included Pankaj Vrajlal Sodha and Manoj Ashok Pardhee, both shown as Non-Executive Independent Directors since 2024.

These disclosures help explain why the EGM’s confirmations and board-level changes are closely tracked by shareholders, as they affect oversight and decision-making.

Holding company structure: Jupiter Infomedia at the top

Netlink’s shareholding structure includes a holding company at the top. Jupiter Infomedia Limited, a BSE-listed online-directory business, held 54.66% of Netlink as of April 2025 through itself and its wholly owned subsidiary Jineshvar Securities.

In addition, disclosures state that a transaction affects Netlink Solutions India Limited, described as a subsidiary of Jupiter Infomedia. Upon completion of a direct acquisition referenced in the disclosures, the subsidiary would be indirectly owned and controlled by the acquirers, resulting in a change of control.

The same disclosure adds that while Jupiter Infomedia will continue as a promoter of Netlink, other promoters Mr. Minesh Modi and Mrs. Rupa Modi, who together hold 100 equity shares in Netlink, will cease to be promoters.

Promoter reclassification request noted after May 18 board meeting

Netlink also reported that after its board meeting held on May 18, 2026, the board approved a promoter reclassification request by promoter Mr. Minesh Modi. The company then called the June 9, 2026 EGM, where shareholders were asked to confirm the appointments of four directors.

Promoter reclassification is a governance-linked action watched by investors because it can change how parties are classified in disclosures and can signal shifts in how control and management participation are presented in regulatory filings.

Process details: EGM schedule and e-voting window

The company scheduled the EGM for June 9, 2026 at 11:00 am via VC/OAVM. Remote e-voting was facilitated through NSDL.

The remote e-voting period opened on Saturday, June 6, 2026 at 09:00 A.M. and closed on Monday, June 8, 2026 at 05:00 P.M. The record date for determining eligible voters was Wednesday, June 3, 2026.

Key dates and actions

What comes next: Q1 FY27 results on the August 14 board agenda

Netlink Solutions’ board is scheduled to meet on August 14, 2026 to consider and approve financial results for the first quarter of FY27. The results are for the quarter ended June 30, 2026.

With shareholder approvals already in place, the company has also stated it will actively pursue the registered office relocation to Gujarat. Future disclosures are expected to cover implementation steps around the asset sale authorisations and the expanded tungsten-related business objects.