Antariksh Industries cash at Rs 20.63 crore, proceeds unspent

Antariksh Industries Limited reported Rs 20.63 crore of cash and cash equivalents at September 30, 2026, after a Rs 19.13 crore preferential issue, while its utilisation schedule recorded no spending of the issue proceeds through that date. Cash was Rs 18.03 lakh at March 31, 2026.

How did Antariksh Industries cash change?

Antariksh Industries’ cash and cash equivalents increased to Rs 20.63 crore at September 30, 2026 from Rs 18.03 lakh at March 31, 2026. The standalone cash-flow statement reported a net increase in cash and cash equivalents of Rs 20.45 crore during the half year ended September 30, 2026, following the company’s reported financing and operating cash movements.

The cash-flow statement showed opening cash of Rs 18.03 lakh and closing cash of Rs 20.63 crore for the half year. The balance sheet showed Rs 20.63 crore of cash and cash equivalents at September 30, based on an underlying figure of Rs 2,063.46 lakh, while the cash-flow statement reported closing cash of Rs 2,063.13 lakh. The Rs 33,000 difference is visible in the reported underlying figures.

Total assets rose to Rs 20.66 crore at September 30 from Rs 1.75 crore at March 31. Equity was Rs 20.60 crore at September 30, comprising Rs 2.43 crore of equity share capital and Rs 18.17 crore of other equity, compared with total equity of Rs 1.68 crore at the previous financial year-end.

What funded Antariksh Industries cash increase?

Antariksh Industries reported Rs 19.12 crore of net cash from financing activities in the half year ended September 30, 2026. Its cash-flow statement recorded Rs 19.13 crore under proceeds or repayment of short-term borrowings and Rs 1.02 lakh of dividend paid, while the accompanying notes describe a preferential issue with the same aggregate amount of Rs 19.13 crore.

The board approved the proposed preferential issue on June 26, 2026, and shareholders approved it on July 27, 2026. The proposal covered 22.25 lakh fully paid equity shares of face value Rs 10 each at an issue price of Rs 86 a share, including a Rs 76 premium, for an aggregate Rs 19.13 crore.

The half-year cash-flow statement also reported Rs 1.33 crore of net cash from operating activities. Cash generated from operations was Rs 1.32 crore, after a reported loss before tax of Rs 19.74 lakh, a Rs 1.54 crore decrease in trade and other receivables, a Rs 3.08 lakh increase in provisions, and a Rs 96,000 increase in trade and other payables.

How are Antariksh Industries preferential-issue proceeds allocated?

Antariksh Industries allocated the full Rs 19.13 crore preferential-issue amount to working capital, a proposed Nextedge Ecommerce Private Limited equity acquisition, a proposed loan or deposit to Nextedge Ecommerce Private Limited, and general corporate purposes. The utilisation schedule records Rs 0 spent in each category through September 30, 2026.

The largest allocation, Rs 7.27 crore, was for Antariksh Industries’ working-capital requirements. The schedule allocated Rs 2.56 crore to acquiring equity shares of Nextedge Ecommerce Private Limited, Rs 4.71 crore to a loan or deposit repayable on demand to that company, and Rs 4.59 crore to general corporate purposes.

The proposed Rs 4.71 crore loan or deposit to Nextedge Ecommerce Private Limited is stated to carry interest at the prevailing market rate and to support that company’s working-capital requirements. The filing does not state that the loan or deposit was advanced, that an equity acquisition was completed, or that any part of the Rs 7.27 crore combined Nextedge-related allocation had been deployed by September 30.

What did Antariksh Industries report for September results?

Antariksh Industries reported a Rs 19.74 lakh net loss for the half year ended September 30, 2026, against a Rs 1.08 lakh net profit in the half year ended September 30, 2025. Its loss for the three months ended September 30, 2026 was Rs 6.50 lakh, compared with a Rs 94,000 profit in the corresponding quarter a year earlier.

Employee-benefit expense rose to Rs 2.71 lakh in the September 2026 half year from Rs 1.50 lakh a year earlier, while other expenses increased to Rs 16.99 lakh from Rs 4.63 lakh. Total expenses were Rs 19.74 lakh, versus Rs 4.94 crore in the prior-year half year, when the results table reported Rs 4.95 crore of total income.

The September 2026 income lines in the financial-results table are blank, so Antariksh Industries did not report a comparable half-year revenue figure in that table. Basic and diluted loss per share were Rs 7.10 for the September 2026 half year, compared with earnings per share of Rs 0.54 in the corresponding prior-year period.

What is the status of Antariksh Industries ownership change?

Antariksh Industries disclosed a proposed change in ownership and management under a share purchase agreement dated June 26, 2026. Under that agreement, the acquirer agreed to acquire up to 73.48% of the company’s paid-up equity share capital from the existing promoter, subject to the agreement’s terms and conditions.

The acquirer and the person acting in concert also made an open offer for up to 6.32 lakh fully paid equity shares, representing 26.00% of the emerging voting share capital. The open-offer tendering period began on September 2, 2026 and closed on September 16, 2026, with September 30 set as the last date for communicating acceptance or rejection and returning unaccepted shares.

Antariksh Industries said the acquirer and the person acting in concert would assume control and management after completion of the underlying transactions and open offer. The filing also says the proposed acquisition, open offer and resulting management changes remain subject to transaction formalities and regulatory compliance.

Conclusion

Antariksh Industries’ September 2026 accounts show that cash rose from Rs 18.03 lakh at March 31 to Rs 20.63 crore at September 30, alongside a Rs 19.13 crore preferential issue and Rs 19.12 crore of reported net financing cash inflow. The proceeds-utilisation schedule, however, showed Rs 0 spent against all four stated uses at the reporting date.

The next disclosed item to watch is the deployment of Rs 7.27 crore allocated to working capital, Rs 2.56 crore to the proposed Nextedge Ecommerce Private Limited equity acquisition, Rs 4.71 crore to the proposed loan or deposit, and Rs 4.59 crore to general corporate purposes. Completion of the proposed ownership change and related regulatory formalities also remains unresolved in the filing.