Antariksh Industries open offer to acquire up to 6,31,785 equity shares commenced on September 2, 2026. The acquirers, Alpitkumar Pravinchandra Gor and Riddhi Infocom Solutions LLP, are purchasing shares at ₹86 per share.

The Committee of Independent Directors (IDC) recommended the offer as fair and reasonable on August 31, 2026, citing compliance with SEBI (SAST) Regulations, 2011. The tendering period runs until September 16, 2026.

Transaction Structure

The open offer follows a Share Purchase Agreement dated June 26, 2026, where acquirers bought 1,50,599 shares from promoter Mrs. Gitaben Nitinbhai Patel. A concurrent preferential allotment of 22,25,000 shares was approved at ₹86 per share.

Upon full acceptance, the acquirers will hold 21,95,934 shares, or 90.37% of the emerging voting share capital. The existing promoter will be reclassified as a public shareholder. Shares allotted via preferential issue are held in a Demat Escrow Account operated by Mark Corporate Advisors Private Limited until the offer closes.

Offer Price Justification

The IDC reviewed the Public Announcement, Detailed Public Statement, and Letter of Offer. It concluded that the ₹86 offer price aligns with regulatory criteria, exceeding the highest price among selective justification metrics. This price represents a significant premium over the 60-day volume-weighted average market price of ₹2.48.

Financial Performance

Antariksh Industries reported a sharp decline in revenue for FY26 compared to FY25. Total revenue fell to ₹516.66 lakh in FY26 from ₹4,379.16 lakh in FY25. Net profit contracted to ₹6.15 lakh in FY26, down from ₹55.03 lakh in FY25.

What the Numbers Show

The company’s balance sheet reflects reduced liabilities alongside the revenue drop. Trade payables fell drastically to ₹1.03 lakh in FY26 from ₹547.09 lakh in FY25, suggesting a winding down of trading activities or settlement of prior obligations. Cash and cash equivalents increased to ₹18.03 lakh in FY26 from ₹2.13 lakh in FY25, improving liquidity despite lower operational income.

Key Dates

• Public Announcement: June 26, 2026
• Letter of Offer Dispatch: August 25, 2026
• IDC Recommendation Date: August 31, 2026
• Offer Opening Date: September 2, 2026
• Offer Closing Date: September 16, 2026
• Payment Date: September 30, 2026

antariksh industries shareholders have unanimously approved a preferential issue of equity shares worth ₹19.13 crore, enabling the company to raise capital for working capital requirements and strategic investments in the logistics sector. The special resolution was passed via remote e-voting on July 27, 2026, with all 165,659 votes cast in favor and none against. This approval marks a significant step in Antariksh Industries’ strategy to diversify beyond its existing operations by targeting growth through its new subsidiary, Nextedge Ecommerce Private Limited.

The voting process concluded on July 27, 2026, at 5:00 p.m. IST, following a postal ballot notice issued on June 26, 2026. The resolution required a special majority under Section 110 of the Companies Act, 2013. Nayan Pitroda of Pitroda Nayan & Co., appointed as the scrutinizer by the Board on June 26, 2026, submitted his report on July 28, 2026, confirming that the resolution passed with requisite support. The record date for determining eligible shareholders was June 19, 2026, when there were 89 shareholders on the register.

Voting Breakdown

The e-voting results reveal strong support from both promoter and non-promoter shareholders. Promoters, holding 150,599 shares, voted in full favor, representing 100% of their holdings. Non-institutional public shareholders, who held 44,960 shares, participated actively with 15,060 votes cast (33.5% participation), all of which were in favor. Institutional public shareholders did not cast any votes.

Utilization of Proceeds

The funds raised from the preferential issue will be deployed within 12 months of receipt. A significant portion, ₹7.27 crore, is earmarked for meeting the company’s working capital requirements. Another ₹7.27 crore will be utilized for acquiring equity shares in Nextedge Ecommerce Private Limited and granting it an inter-corporate loan repayable on demand, carrying interest at the prevailing market rate capped at 7% per annum. The remaining ₹4.59 crore will be used for general corporate purposes.

Strategic Expansion into Logistics

This capital raise is integral to Antariksh Industries’ entry into the third-party logistics (3PL) space. Nextedge Ecommerce Private Limited, which will become a subsidiary or associate post-investment, provides inventory management, transportation, and freight forwarding services. The investment aligns with the company’s broader objective to diversify beyond its existing operations. Compliance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, has been certified by M/S. PRT & ASSOCIATES, ensuring regulatory adherence for the issuance.