Antariksh Industries Ltd

Acquisition details

• Target: Antariksh Industries Limited
• Acquirer: Man Machine Mentors LLP; PAC: None
• Promoter group: No
• Stock exchange: BSE Limited
• Acquired shares: 201,000; 8.27% of total voting capital
• Mode of acquisition: Pursuant to Preferential issue
• Date of acquisition: September 25, 2026
• Pre-acquisition equity shares: 24,29,940; ₹10 each; capital ₹2,42,99,400
• Post-acquisition equity shares: 24,29,940; ₹10; capital ₹2,42,99,400
• Post-acquisition stake: 8.27%
• Encumbrances: None
• Salient features: equity shares; no warrants/convertible securities

Acquisition details

• Target company: Antariksh Industries Limited.
• Acquirer: Windfield Projects LLP; PACs: none.
• Acquirer not part of promoter/promoter group.
• Listed on the stock exchange: BSE Limited.
• Pre-acquisition holding: 0 shares, 0.00% voting rights, no encumbrances or warrants.
• Acquisition: 314,450 equity shares acquired, 12.94% of TC.
• Mode: preferential allotment; date of allotment: 25.09.2026.
• Post-acquisition holding: 314,450 shares, 12.94%.
• Equity share capital before: Rs 2,42,99,400 comprising 24,29,940 shares.
• Equity share capital after: Rs 2,42,99,400 comprising 24,29,940 shares.
• Total diluted share capital after: Rs 2,42,99,400 comprising 24,29,940 shares.
• Salient features: Not Applicable.

Acquisition details

• Target: Antariksh Industries Limited listed on BSE.
• Acquirer: ARMITA ADS LLP; no identified PACs.
• Promoter group: Acquirer not part of promoter/promoter group.
• Mode: Allotment of equity shares on preferential issue.
• Date: 25 September 2026.
• Pre-acquisition holding: 0 shares; 0% VR; 0 encumbrances.
• Acquired: 296,000 shares; 12.18% of TC.
• Post-acquisition holding: 296,000 shares; 12.18% VR.
• Equity share capital before/after: Rs 2,42,99,400; 24,29,940 shares.
• Salient features: Not Applicable.

Transaction details

• Target: Antariksh Industries Limited.
• Disclosing Party: Gitaben Nitinbhai Patel (Promoter Group).
• Transaction: Off-market disposal of 150,599 equity shares.
• Pre-transaction holding: 150,599 shares, 73.48% voting rights.
• Transaction details: 150,599 shares sold; equity; off-market under SPA dated 26 Jun 2026.
• Post-transaction holding: 0 shares, 0.00%.
• Date: September 25, 2026.
• Capital: before/after 2,04,940 equity shares (Rs 20,49,400).
• Diluted capital: Rs 20,49,400 (2,04,940 shares).

AGM Details & Resolutions

• AGM held physically on Sep 29, 2026 at the registered office; chairperson: MD Ekta Shyamlal Haryani.
• E-voting conducted Sep 25–28, 2026; voting facility also at AGM.
• Ordinary Business: adopted audited financial statements for year ended March 31, 2026.
• Ordinary Business: final dividend of 5% (₹0.50 per share) for FY2026.
• Ordinary Business: re-appointment of director retiring by rotation (Nilesh Hasmukhbhai Kothari).
• Ordinary Business: appointment of statutory auditors and fix remuneration.
• Meeting duration: 2:30 PM to 3:00 PM; Notice and Auditor’s Report taken as read.

Resignations (Directors)

• Mr. Nilesh Hasmukhbhai Kothari, Non-Executive Director; resignation effective Sep 29, 2026 due to promoter shareholding transfer.
• Mr. Hardikkumar Dhirubhai Jetani, Independent Director; resignation effective Sep 29, 2026.
• Mr. Jigar Nemichand Jain, Independent Director; resignation effective Sep 29, 2026.
• Mr. Harinarayan Ramanand Tripathi, Independent Director; resignation effective Sep 29, 2026.

Appointments (Directors)

• Mr. Tushar Pramod Kudalkar, Executive Director (WTD); 22+ years in operations; five-year term from Sep 29, 2026.
• Mr. Umesh Arvindbhai Bhadreshwara, Executive Director (WTD); 20+ years in operations and CRM; term from Sep 29, 2026.
• Mr. Parimal Rajendrabhai Joshi, Non-Executive Independent Director; Chartered accountant with 15+ years experience; term from Sep 29, 2026.
• Mr. Pranab Mahendra Shah, Non-Executive Independent Director; logistics and corporate governance expertise; term from Sep 29, 2026.
• Mr. Soumya Ranjan Kanhu Charan Pradhan, Non-Executive Independent Director; 5-year term from Sep 29, 2025; logistics experience.

KMP Changes

• Mr. Mahendra Bansidhar Sharma – CFO; appointed with effect Sep 29, 2025; 22+ years in finance.
• Mr. Ankur Vasudevbhai Patel – CFO; cessation Sep 29, 2025 due to promoter shareholding transfer.

Open offer compliance

• Post Offer Advertisement published per SEBI SAST Regulations 2011.
• Newspapers: Business Standard English and Hindi (all editions).
• Navshakti Marathi edition published.
• Prabhat Abhinandan Hindi, Jodhpur Edition Mumbai.
• Copy of newspaper clipping enclosed.
• Post Offer Advertisement to be disseminated on BSE website.

Antariksh Industries Limited — Trading Window closed from Thursday, October 01, 2026 till 48 hours after the declaration of Unaudited Financial Results for the quarter and half year ending September 30, 2026

Promoter change

• Acquirer Alpitkumar Pravinchandra Gor and Riddhi Infocom Solutions LLP acquired 1,50,599 equity shares (6.20%).
• Post-acquisition, promoter group holds 64.81%; Gor 34.66%, PAC 30.15%.
• Former promoter Gitaben Nitinbhai Patel ceased to be promoter; reclassification to public is being complied with.
• Company will file requisite disclosures with stock exchanges and authorities per Regulation 31A.
• Promoter's intent to cease disclosed in open offer documents.

Capital action

• Allotted 22,25,000 equity shares on preferential basis at Rs 86 per share.
• Total issue amount Rs 19,13,50,000.
• Post-issue capital: 24,29,940 shares of Rs 10 each.
• Allottees include five investors across promoter and non-promoter categories.
• Issue price Rs 86 per share; premium Rs 76.
• Post-issue promoter holding 64.81%; public 35.19%.
• Shares rank pari-passu with existing shares.
• Board meeting date: Sep 25, 2026; allotment approved.
• Issuance under preferential allotment on private placement basis per ICDR.