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Antariksh Industries Limited
5 articles
A significant shift in ownership and strategic direction is underway at Antariksh Industries Limited. Recent transactions reveal that existing promoters are selling a substantial 73.48% stake to Riddhi Infocom LLP and Alpitkumar Gor, triggering a mandatory open offer to acquire an additional 26% at ₹86 per share. Simultaneously, the company approved a preferential issue of equity to the acquirers, raising ₹19.14 crore, and plans to enter the logistics sector through the acquisition of Nextedge Ecommerce Private Limited. These developments signal a potential overhaul of the company’s management and business model, though a sharp decline in Q1 revenue and a net loss raise concerns about the company’s immediate financial performance.
Antariksh Industries Preferential Issue Approval
Antariksh Industries shareholders approved a preferential issue of equity shares via special resolution with 100% votes in favor.
The remote e-voting process concluded on July 27, 2026, with 165,659 v
Antariksh Industries Q1 FY27 Net Loss ₹13.23 Lakh
Antariksh Industries reported a Q1 FY27 net loss of ₹13.23 lakh, a sharp decline from a ₹9.07 lakh profit in Q1 FY26.
The Board approved unaudited financial results for June 30, 2026, and appointed ne
Antariksh Industries Open Offer for 26% at ₹86/Share
Mandatory open offer by Alpitkumar Gor and Riddhi Infocom to acquire up to 631,785 shares (26% stake) in Antariksh Industries at ₹86 per share.
Offer triggered by Share Purchase Agreement to acquire 1
Antariksh Industries Open Offer for 26% at ₹86/Share
• Open offer triggered by Mr. Alpitkumar Gor and Riddhi Infocom LLP to acquire 26% of Antariksh Industries' emerging voting capital at ₹86 per share.
• Offer follows a share purchase agreement for 6.2
Antariksh Industries Promoter Sells 73.48%, Preferential Issue Approved
Board approved a Share Purchase Agreement for existing promoter Gitaben Patel to sell her 73.48% stake to Riddhi Infocom LLP and Alpitkumar Gor.
Board approved a preferential issue of 22.25 lakh share