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.

Antariksh Industries Limited , a publicly listed company, has announced a comprehensive restructuring of its board and key management personnel following a significant change in company control. The board meeting held on November 4, 2025, approved multiple resignations and appointments, marking a new chapter in the company's leadership.

Resignations

The company witnessed the departure of several key figures:

• Mr. Bhagwanji Narsi Patel resigned from his position as Executive Director and Managing Director.
• Mr. Utkarsh Goyal stepped down from his roles as Executive Director and Chief Financial Officer.
• Independent Directors Mr. Manish Heeralal Chandak and Mrs. Sandhya Krishna Karanjavkar also tendered their resignations.

These resignations are attributed to the transfer of shareholding from existing promoters to Mrs. Gitaben Nitinbhai Patel, as per a Share Purchase Agreement dated July 3, 2025.

New Appointments

The board has appointed new leadership to steer the company forward:

• Mrs. Ekta Shyamlal Haryani has been appointed as 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 for five-year terms: Mr. Hardikkumar Dhirubhai Jetani, Mr. Harinarayan Ramanand Tripathi, and Mr. Jigar Nemichand Jain.

Changes in Key Managerial Personnel

The company has also seen changes in its key managerial positions:

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

Change in Control and Promoter Reclassification

In a significant development, Mrs. Gitaben Nitinbhai Patel has acquired 1,50,599 equity shares, representing 75.30% of Antariksh Industries' equity share capital. This includes:

Consequently, Mrs. Gitaben Nitinbhai Patel has become the new promoter of Antariksh Industries Limited, while the former promoters, Mr. Bhagwanji Narsi Patel and Mr. Utkarsh Goyal, have been reclassified from 'promoter/promoter group' to 'public' category.

Appointment of Secretarial Auditor

The board has approved the appointment of Shri Rajvirendra Singh Rajpurohit, proprietor of M/s. R S Rajpurohit & Co., as the Secretarial Auditor for the financial year 2025-26.

These sweeping changes in Antariksh Industries Limited's leadership and ownership structure signal a new direction for the company. Shareholders and market watchers will be keen to observe how these developments influence the company's future strategies and performance.