Antariksh Industries Limited has announced a significant corporate restructuring, seeking shareholder approval for multiple board appointments and a change in its registered office location. The company has issued a postal ballot notice outlining these proposed changes, which include the appointment of five new directors and the relocation of its registered office from Maharashtra to Gujarat.

Board Restructuring

The company is proposing to appoint five new directors to its board:

1. Mrs. Ekta Shyamlal Haryani (DIN: 11308356) as Managing Director
2. Mr. Nilesh Hasmukhbhai Kothari (DIN: 10587794) as Non-Executive, Non-Independent Director
3. Mr. Hardikkumar Dhirubhai Jetani (DIN: 11308376) as Independent Director
4. Mr. Harinarayan Ramanand Tripathi (DIN: 07725777) as Independent Director
5. Mr. Jigar Nemichand Jain (DIN: 11308370) as Independent Director

These appointments, if approved, will significantly reshape the company's leadership structure. Each proposed director brings a unique set of skills and experiences to the board:

• Mrs. Haryani has over 24 years of experience in the finance industry, with roles at various asset management companies.
• Mr. Kothari has more than 30 years of experience in international trade, warehousing, accounting, and finance.
• Mr. Jetani is a practicing company secretary with 10 years of experience in corporate legal and compliance functions.
• Mr. Tripathi is a practicing advocate and company secretary with expertise in real estate, financing, and corporate laws.
• Mr. Jain is pursuing Chartered Accountancy and has 8 years of experience in accounting, auditing, and taxation.

Registered Office Relocation

In addition to the board restructuring, Antariksh Industries is proposing to shift its registered office from Maharashtra to Gujarat. This move follows a change in control and management pursuant to an open offer under takeover regulations.

Voting Process

The company has scheduled a remote e-voting period for shareholders to cast their votes on these proposals. The voting will commence on November 19, 2025, at 9:00 A.M. (IST) and conclude on December 18, 2025, at 5:00 P.M. (IST).

Implications

These proposed changes, if approved, could have significant implications for Antariksh Industries' future direction and governance structure. The diverse expertise of the proposed board members may bring new perspectives to the company's strategy and operations. Additionally, the relocation of the registered office may have operational and regulatory implications that shareholders will need to consider.

Shareholders are advised to carefully review the postal ballot notice and consider the potential impact of these changes before casting their votes. The results of the postal ballot will be announced within two working days from the conclusion of the voting period and will be available on the company's website and the stock exchange.

In a significant ownership change, Bhagwanji Narsi Patel has completely divested his stake in Antariksh Industries Limited , a company listed on the BSE. The transaction, executed through an off-market sale, marks a substantial shift in the company's shareholding structure.

Key Transaction Details

Impact on Shareholding

• Pre-sale Holding: Bhagwanji Narsi Patel held a 25.85% stake in the company.
• Post-sale Holding: His stake has reduced to 0.00%, marking a complete exit from the company's ownership.

Company Overview

Antariksh Industries Limited, listed on the BSE, has a total equity share capital structure as follows:

Subsequent Developments

Following this transaction, Mrs. Gitaben Nitinbhai Patel, the buyer, launched an open offer to acquire additional shares from the public shareholders. The open offer details include:

• Offer Size: Up to 52,000 fully paid-up equity shares (26.00% of voting share capital)
• Offer Price: Rs. 96.00 per equity share
• Offer Period: October 03, 2025 to October 16, 2025

The open offer resulted in the acquisition of 47,199 shares, slightly below the maximum offer size. This, combined with the shares acquired from Bhagwanji Narsi Patel, has positioned Mrs. Gitaben Nitinbhai Patel as a significant shareholder in Antariksh Industries Limited.

Post-Transaction Shareholding Structure

This transaction and subsequent open offer have reshaped the ownership structure of Antariksh Industries Limited, with Mrs. Gitaben Nitinbhai Patel emerging as the majority shareholder and new promoter of the company.

Investors and market participants are advised to take note of this significant change in the company's shareholding pattern, as it may influence future strategic decisions and direction of Antariksh Industries Limited.