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

Acquirers Alpitkumar Pravinchandra Gor and Riddhi Infocom Solutions LLP have launched an open offer for Antariksh Industries Limited, seeking to acquire up to 6.32 lakh shares (26% of emerging capital) at ₹86 per share, a significant premium over the recent trading price. This offer, totaling ₹5.43 Crore, is triggered by a share purchase agreement and preferential allotment, leading to a change in company control. Post-acquisition, the Acquirers will become promoters, replacing the current one. Antariksh reported FY26 revenue of ₹5.17 Crore and profit of ₹0.06 Crore. The Acquirers plan to expand operations and will ensure the company meets public shareholding norms. An independent director committee will share its view on the offer.