Antariksh Industries Reports Q1 Results, Prepares for 50th AGM

Antariksh Industries has announced its unaudited financial results for the first quarter, along with several corporate actions approved by its Board of Directors. The company, which operates in the manufacturing sector, reported a significant decrease in revenue and profit compared to the same quarter last year.

Financial Performance

For the quarter, Antariksh Industries reported:

The company's revenue from operations saw a substantial decline of 77.14% year-over-year, dropping from ₹614.55 lakhs to ₹140.48 lakhs. Net profit also decreased significantly by 99%, from ₹13.99 lakhs to ₹0.14 lakhs during the same period.

Board Meeting Outcomes

In a board meeting held on August 2, 2025, Antariksh Industries' Board of Directors approved several key items:

1. The annual report for the previous financial year
2. Unaudited financial results for the quarter
3. Secretarial audit report for the previous fiscal year
4. Appointment of Mr. Piyush Bharat Jain as scrutinizer for the 50th Annual General Meeting
5. Notice for the 50th Annual General Meeting
6. Closure of the Register of Members and Share Transfer books
7. Constitution of an Independent Directors Committee for an open offer related to equity shares acquisition
8. Cut-off date for E-voting

Auditor's Review

The company's statutory auditors, M/s. DMKH & Co, Chartered Accountants, have issued an unmodified audit report on the standalone financial results for the quarter. This indicates that the auditors found no material misstatements or discrepancies in the financial statements.

Open Offer and Corporate Actions

Antariksh Industries has approved the constitution of a Committee of Independent Directors in response to an open offer to shareholders. This open offer is related to the acquisition of equity shares/voting rights under Regulation 3(1) and 4 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Upcoming 50th Annual General Meeting

The company is preparing for its 50th Annual General Meeting. Details regarding the date, venue, and agenda of the AGM will be communicated to shareholders in due course.

Investors and stakeholders should note that while the company has experienced a significant decline in revenue and profit this quarter, the management continues to focus on corporate governance and regulatory compliance. The upcoming AGM and the open offer situation may provide more insights into the company's future strategies and potential changes in ownership structure.