Antariksh Industries Limited has announced an open offer to acquire up to 6,31,785 fully paid-up equity shares at a price of ₹86 per share, representing 26.00% of the Emerging Voting Share Capital. The offer, aggregating to ₹5,43,33,510, is being made by Mr. Alpitkumar Pravinchandra Gor and Riddhi Infocom Solutions LLP pursuant to the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The offer is triggered by a Share Purchase Agreement (SPA) and a proposed preferential allotment, following a Public Announcement on June 26, 2026, and a Detailed Public Statement on July 03, 2026.

The open offer is unconditional and not subject to a minimum level of acceptance. The Acquirer has deposited ₹165.00 Lakhs in an escrow account with Axis Bank Limited, representing 30.36% of the maximum consideration. The tendering period for the offer opens on August 18, 2026, and closes on September 01, 2026. The offer price of ₹86 per equity share is consistent with the price determined for the preferential issue and the SPA.

Offer and Pricing Details

The offer is made to all Eligible Equity Shareholders to acquire up to 6,31,785 fully paid-up equity shares. The Acquirer and the PAC have agreed to acquire 1,50,599 equity shares from the existing promoter, Mrs. Gitaben Nitinbhai Patel, and subscribe to 22,25,000 equity shares via preferential issue. Upon completion, the acquirers will hold a significant stake, prompting the mandatory open offer for public shareholders.

Acquirer and Shareholding Pattern

Mr. Alpitkumar Pravinchandra Gor, the Acquirer, and Riddhi Infocom Solutions LLP, the Person Acting in Concert (PAC), currently do not hold any shares in the company. Post the preferential allotment and open offer, their shareholding is expected to increase substantially. The acquirers intend to take control of the management and become promoters of the company.

Financials and Approvals

The company reported a Total Revenue of ₹516.66 Lakhs and a Profit of ₹6.15 Lakhs for FY 2025-2026. The net proceeds from the preferential issue of ₹19.13 crore are intended for working capital requirements, acquisition of Nextedge Ecommerce Private Limited, and general corporate purposes. Statutory approvals required include shareholder consent for the preferential issue and in-principle approval from BSE Limited.

Antariksh Industries has submitted copies of the newspaper publication of its audited financial results for the quarter and year ended March 31, 2026, to BSE Limited. The advertisements were published in the Financial Express (English) and Financial Express (Gujarati) on May 23, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company reported a total income of INR 516.66 lakh for the year ended March 31, 2026, compared to INR 4,379.16 lakh in the previous year. Total expenses for the period stood at INR 507.87 lakh, lower than the INR 4,304.67 lakh recorded in the prior year. Consequently, the profit for the period was INR 6.15 lakh, a decrease from the INR 55.03 lakh reported in FY25.

For the quarter ended March 31, 2026, the company recorded a total income of INR 21.65 lakh and a profit of INR 9.07 lakh. In the corresponding quarter of the previous year, total income was INR 1,195.72 lakh with a profit of INR 11.93 lakh.

The table below summarizes the key financial metrics for the year:

Dividend and Capital Changes

The board has recommended a final dividend of INR 0.50 per equity share for the financial year ending March 31, 2026. Additionally, the notes to the financial statements disclose that the company allotted 4,940 bonus equity shares in a 1:10 ratio in January 2026. This allotment increased the paid-up equity share capital from INR 20,00,000 to INR 20,49,400 to achieve minimum public shareholding norms. Consequently, Earnings Per Share (EPS) figures have been adjusted for all periods presented.

Assets and Liabilities

As of March 31, 2026, the company's total assets stood at INR 175.16 lakh, comprising mainly of trade receivables of INR 156.54 lakh and cash and cash equivalents of INR 18.03 lakh. Total equity was recorded at INR 167.63 lakh, while total liabilities amounted to INR 7.53 lakh.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE825M01017/350e690a-cf35-4882-9941-46a7cc251785.pdf