Antariksh Industries declared a final dividend of ₹0.50 per equity share for the financial year ended March 31, 2026, during its 51st Annual General Meeting (AGM) held on September 29, 2026.

The company also adopted the audited financial statements for FY26, along with the reports of the Board of Directors and Auditors. The meeting took place at the registered office in Ahmedabad, Gujarat.

Key resolutions passed

Shareholders approved several ordinary business items during the meeting, which commenced at 2:30 pm and concluded at 3:00 pm. The key resolutions included:

• Adoption of the audited financial statements for the financial year ended March 31, 2026.
• Declaration of a final dividend of 5%, equivalent to ₹0.50 per equity share of face value ₹10 each.
• Re-appointment of Mr. Nilesh Hasmukhbhai Kothari as Director, who retired by rotation and offered himself for re-appointment.
• Appointment of Statutory Auditors and fixing of their remuneration.

Meeting proceedings

Mrs. Ekta Shyamlal Haryani, Managing Director of the company, served as the Chairperson of the AGM. She informed members that the annual report and notice convening the meeting were delivered via email in compliance with Ministry of Corporate Affairs and SEBI circulars.

Voting was conducted electronically under Section 108 of the Companies Act, 2013. The e-voting facility was open from September 25, 2026, to September 28, 2026. Members who had not cast their votes prior to the meeting were provided with the facility to vote during the AGM itself.

Antariksh Industries confirmed the completion of a promoter change, with Alpitkumar Pravinchandra Gor and Riddhi Infocom Solutions LLP acquiring control of the company. The new promoters collectively hold 64.81% of the equity share capital following the acquisition of 1,50,599 shares and preferential allotments. The transaction was executed pursuant to a Share Purchase Agreement dated June 26, 2026, and subsequent regulatory filings under SEBI Listing Regulations.

Acquisition Details and Shareholding

The acquisition involved the purchase of 1,50,599 equity shares, representing 6.20% of the company's equity share capital, from the outgoing promoter, Gitaben Nitinbhai Patel. This stake was split between the two new entities:

• Alpitkumar Pravinchandra Gor acquired 52,709 equity shares (2.17% of capital).
• Riddhi Infocom Solutions LLP acquired 97,890 equity shares (4.03% of capital).

In addition to these purchases, both entities participated in an open offer and received preferential allotments on September 25, 2026. The revised shareholding pattern reflects these combined actions:

The shareholding for Alpitkumar Pravinchandra Gor includes shares from the Share Purchase Agreement, the open offer, and a preferential issue of 7,78,750 shares. Riddhi Infocom Solutions LLP’s holding includes shares from the agreement and a preferential issue of 6,34,800 shares.

Open Offer Outcome and Regulatory Compliance

Pursuant to Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Acquirer and PAC have assumed control and are now classified as the promoters. Consequently, Gitaben Nitinbhai Patel has ceased to be a promoter as she no longer holds any equity shares in the company.

The Post Offer Advertisement for the Open Offer by Alpitkumar Pravinchandra Gor and Riddhi Infocom Solutions LLP revealed that public shareholders tendered only 10,708 equity shares, significantly lower than the proposed maximum of 6,31,785 shares. The offer price was ₹86.00 per equity share. Consequently, the actual stake acquired through the open offer was 0.44% of the emerging voting share capital, compared to the proposed 26.00%.

The company stated that all applicable requirements for reclassification are being complied with. The intent to cease promotion was disclosed in offer documents related to the open offer made by the Acquirer and PAC under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Gitaben Nitinbhai Patel submitted a formal request for reclassification to the public category, confirming compliance with conditions including:

• Holding no more than 10% of total voting rights.
• No exercise of control over company affairs.
• No special rights via shareholder agreements.
• No representation on the board or key managerial roles.

She committed to maintaining these conditions for specified periods, with certain restrictions lasting at least three years from the date of reclassification.