Consistently
profit-making and dividend declaring Company now welcomes retail investors to
take part in its growth story
Mumbai, June 3, 2015: Jupiter Infomedia Limited,
India’s leading web infomedia company with online publication on Business,
Encyclopedia & Yellowpages has earned the distinction of being the first
Internet Company to successfully migrate from BSE SME platform to Mainboard
Platform, BSE Limited.
Trading
Members of the Bombay Stock Exchange are hereby informed that effective from
Wednesday, June 03, 2015, the equity shares of Jupiter Infomedia Limited
(JUPITERIN), which are already listed under BSE SME Platform, will now be
migrated & admitted to dealings on the BSE Mainboard Platform in the list
of B Group.
Mr. Umesh
Modi, Chairman & Managing Director, Jupiter Infomedia Limited, said,
“Jupiter Infomedia is a unique Internet Company with a consistent profitability
and dividend track record since inception. Shifting to the BSE Mainboard
Platform is a wonderful opportunity for retail investors to participate in our
growth story. Jupiter Infomedia has 15 lakh plus webpages and a registered
subscriber base of 10 lakh plus. Now starts phase two of our business
evolution.”
“Till
now, we have focussed on content creation and soon we shall look forward to
monetise existing web assets such as JimTrade, IndiaNetzone and JimYellowpages.
Going forward, we intend to develop world class, globally relevant & large
scale content in each domain and be profitable even during development stage.
We wish to develop more verticals to tap the opportunities in online and
e-commerce space in India,” added Mr. Modi.
Jupiter
Infomedia Ltd. has developed the complete software for management of content
through a specialised inhouse team and resources. The cost of building such
sophisticated and robust infrastructure is zero in the Balance Sheet. The
content and allied infrastructure is managed by competent team of only 21
people. The Company had a public issue in the year of 2012 and subsequently
issued 1:1 bonus shares in the year of 2014. Being profitable, it has been
giving dividends in each year since incorporation without any commercial
marketing activity. The Board of Directors of the Company at its meeting held
on May 15, 2015, inter alia, has recommended payment of dividend for the
financial year ended March 31, 2015 at the rate of 1% i.e. Rs. 0.10 per share,
subject to the approval of members at the ensuing Annual General Meeting.
The
Company operates three verticals…
1) JimTrade.com – India’s largest
online business directory
JimTrade.com
has 4 lakh + Product Profiles in 20,000+ Product Categories. It has a
subscriber / buyer base of 10,00,000+. It participates in 50+ trade shows in
India every year.
2) IndiaNetzone.com – Largest
Encyclopaedia on India
IndiaNetzone.com
is the largest Encyclopedia on India with thousands of research articles -
40,000+ research articles on India with copyrights owned by Jupiter Infomedia
Limited. It has base of thousands of daily visitor base. Its content has been
featured in many of the international websites. It has a subscriber base of
1,00,000+ for its newsletter. IndiaNetzone.com is ready with huge content &
subscriber base.
3) JimYellowpages.com – A portal
under development to be YellowPages for each city & town of India
JimYellowpages
is the Yellowpages of India with lakhs of Business Listings. It is still in the
development stage but 100+ cities have already been featured. It aims to
include every city & town of India.
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