Antariksh Industries Limited (INE825M01017) has concluded its open offer, resulting in DA Financial Services successfully acquiring a significant stake in the company. The offer, which ran from October 1 to October 16, 2025, marked a substantial change in Antariksh Industries' ownership structure.

Key Details of the Open Offer

Shareholding Structure Post-Acquisition

The open offer was conducted in compliance with SEBI takeover regulations, demonstrating adherence to regulatory requirements in the acquisition process.

Offer Management

DA Financial Services managed the open offer, overseeing the entire process from announcement to completion. Purva Sharegistry served as the registrar for the offer, handling the technical aspects of share transfer and documentation.

This acquisition represents a significant shift in Antariksh Industries' ownership structure, with DA Financial Services now holding a majority stake. The successful completion of the open offer may lead to changes in the company's strategic direction and governance.

Investors and market watchers will likely monitor Antariksh Industries closely in the coming months to observe any potential changes in the company's operations or performance following this substantial change in ownership.

Antariksh Industries Limited has announced a significant change in its ownership structure, with Gitaben Nitinbhai Patel emerging as the new promoter and taking control of the company.

Key Highlights of the Acquisition

• Gitaben Nitinbhai Patel has acquired 1,50,599 equity shares, representing 75.30% of the company's equity share capital.
• The acquisition includes 1,03,400 shares (51.70%) purchased from the outgoing promoters and 47,199 shares (23.60%) acquired through an open offer.
• Former promoters Bhagwanji Narsi Patel and Utkarsh Goyal have completely exited their shareholding in the company.

Management Changes

Following the change in control, several key management changes have been implemented:

• Mrs. Ekta Shyamlal Haryani has been appointed as the new Managing Director for a five-year term.
• Mr. Nilesh Hasmukhbhai Kothari joins as a Non-Executive, Non-Independent Director.
• Three new Independent Directors have been appointed:
  • Mr. Hardikkumar Dhirubhai Jetani
  • Mr. Harinarayan Ramanand Tripathi
  • Mr. Jigar Nemichand Jain

Changes in Key Managerial Personnel

• Mr. Ankur Vasudevbhai Patel has been appointed as the new Chief Financial Officer.
• Ms. Namrata Sureshkumar Jain takes over as the new Company Secretary and Compliance Officer.

Regulatory Compliance

The company has confirmed compliance with SEBI regulations regarding the change in promoter status:

• The outgoing promoters no longer hold any equity shares in the company.
• They have ceased to be promoters/members of the promoter group as per Regulation 31A(10) of the SEBI Listing Regulations.
• The new promoter, Gitaben Nitinbhai Patel, has completed necessary disclosures under SEBI's Substantial Acquisition of Shares and Takeovers Regulations.

This change in ownership and management structure may signal a new direction for Antariksh Industries Limited. Stakeholders will be watching closely to see how these changes might impact the company's strategy and performance in the future.