Offer Details

Mr. Alpitkumar Pravinchandra Gor (Acquirer) and Riddhi Infocom Solutions LLP (PAC) are making an open offer to acquire up to 6,31,785 equity shares of Antariksh Industries Limited, representing 26.00% of the emerging voting share capital. The offer price is ₹86.00 per equity share, aggregating to a total consideration of ₹5,43,33,510 (₹5.43 crore), payable entirely in cash.

The offer is being made pursuant to Regulations 3(1) and 4 of SEBI (SAST) Regulations, 2011 and is not conditional upon any minimum level of acceptance.

Underlying Transaction Triggering the Offer

The open offer obligation was triggered by two simultaneous transactions:

1. Share Purchase Agreement (SPA): The Acquirer and PAC entered into an SPA with existing promoter Mrs. Gitaben Nitinbhai Patel on June 26, 2026 to acquire 1,50,599 equity shares (6.20% of emerging voting capital) at ₹86 per share, aggregating to ₹1,29,51,514 (₹1.30 crore).

2. Preferential Allotment: The Board of Directors of Antariksh Industries approved in their meeting on June 26, 2026, a preferential issue of 14,13,550 equity shares to the Acquirer and PAC at ₹86 per share, for cash consideration. This represents 58.17% of the emerging voting share capital and aggregates to ₹12.16 crore.

The combined acquisition through SPA and preferential allotment totals 15,64,149 shares (64.37% of emerging voting capital).

Company Capital Structure Details

  • Existing Paid-up Equity Share Capital: ₹20,49,400 divided into 2,04,940 equity shares of ₹10 each
  • Emerging Voting Share Capital: ₹2,42,99,400 divided into 24,29,940 equity shares of ₹10 each (comprising existing 2,04,940 shares plus preferential issue of 22,25,000 shares)
  • Preferential Issue Breakdown: Total 22,25,000 shares to be allotted at ₹86 per share
  • Acquirer: 7,78,750 shares (32.05%)
  • PAC: 6,34,800 shares (26.12%)
  • Non-Promoters: 8,11,450 shares

Target Company Information

  • Listing: BSE Limited (Scrip Code: 501270, Symbol: Antariksh)

Manager to the Offer

Mark Corporate Advisors Private Limited is acting as the Manager to the Offer. The Detailed Public Statement will be published in newspapers on or before July 03, 2026.