Antariksh Industries revises postal ballot for ₹19.13 crore preferential issue

antariksh industries has issued a corrigendum to its postal ballot notice dated June 26, 2026, to incorporate additional disclosures and clarifications advised by BSE Limited regarding a proposed preferential issue of equity shares. The company seeks shareholder approval via remote e-voting for the issuance, which aims to raise ₹19.13 crore. The corrigendum updates the objects of the issue and provides a web link for the compliance certificate required under SEBI regulations.

Utilization of Issue Proceeds

The company intends to deploy the funds primarily to meet working capital requirements and to expand its business operations into the logistics segment. A significant portion of the proceeds will be directed towards acquiring equity shares of Nextedge Ecommerce Private Limited and granting it an inter-corporate loan. The loan will be repayable on demand and carry interest at the prevailing market rate, capped at 7% per annum.

The following table outlines the estimated utilization of the issue proceeds:

Sr. No.	Particulars	Estimated Utilisation Amount (Rs.)	Tentative Timeline for Utilization of Issue Proceeds
1.	To meet working capital requirement of the company.	7,27,13,000	Within 12 months from receipt of funds
2.	To utilize the proceeds of the Issue towards acquisition of equity shares of Nextedge Ecommerce Private Limited and to grant an inter-corporate loan/deposit repayable on demand to Nextedge Ecommerce Private Limited for meeting its working capital requirements, carrying interest at the prevailing market rate, subject to a maximum of 7% per annum.	7,27,13,000	Within 12 months from receipt of funds
3.	General corporate purposes of the Company	4,59,24,000	Within 12 months from receipt of funds
Total Issue Proceeds		19,13,50,000	Within 12 months from receipt of funds

Strategic Investment in Nextedge Ecommerce

Antariksh Industries is planning to enter the logistics business through Nextedge Ecommerce Private Limited, which will become a subsidiary or associate company post-investment. Nextedge Ecommerce is engaged in third-party logistics (3PL) services, including inventory and transportation management, as well as domestic and international freight forwarding. The investment aligns with Antariksh Industries' strategy to expand its business activities in this segment.

Regulatory Compliance

The corrigendum includes an updated certificate from M/S. PRT & ASSOCIATES, a practicing company secretary, confirming that the preferential issue complies with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The document is available for inspection on the company's website. Until the proceeds are utilized, they will be maintained in bank accounts, fixed deposits, or other non-capital eroding instruments as permitted by applicable laws.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.93%	+10.15%	+78.36%	+782.03%	+782.03%	+917.12%

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.

Particulars	Details
Offer Price	₹86 per share
Total Offer Size	6,31,785 shares
Aggregate Amount	₹5,43,33,510
Offer Opening Date	August 18, 2026
Offer Closing Date	September 01, 2026

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.

Entity	Shares via SPA & Preferential Issue	% of Emerging Capital	Post Offer Shareholding
Acquirer	7,78,750	32.05%	57.62%
PAC	6,34,800	26.12%	32.75%
Non-Promoters	8,11,450	33.39%	N/A

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.