Antariksh Industries Ltd — Updates, 01-01-1970: Company Update

Mrs. Gitaben Nitinbhai Patel has initiated a mandatory open offer to acquire up to 26.00% of Antariksh Industries Limited (AIL) equity shares at Rs. 96.00 per share, totaling Rs. 0.50 Cr. This follows her acquisition of a 51.70% stake from existing promoters, triggering a change in AIL's management control. The offer is not conditional on minimum acceptance. AIL, engaged in Real Estate & Trading, reported FY25 income of Rs. 43.79 Cr and profit of Rs. 0.55 Cr. The acquirer intends to maintain AIL's listing status and continue its existing business, with potential future restructuring. An independent directors' committee will provide its view on the offer to shareholders.