Antariksh Industries open offer at ₹86: Sept 2026 dates

What has been announced

Antariksh Industries Ltd is seeing a mandatory open offer from Alpitkumar Pravinchandra Gor and Riddhi Infocom Solutions LLP to acquire a controlling stake. The open offer is for up to 6,31,785 equity shares, representing 26% of the emerging voting share capital. The offer price has been set at ₹86 per share. The tendering window is scheduled from September 2, 2026 to September 16, 2026.

Key offer terms for public shareholders

The maximum consideration for the open offer has been disclosed as ₹5.43 crore (₹5,43,33,510). At the announced price of ₹86 per share, the offer targets 26% of the expanded (emerging) voting capital referenced in the announcement. The offer price is described as significantly higher than the prevailing market average cited as ₹2.48. If the open offer is fully accepted, the acquirers are stated to hold a 90.37% stake post-offer.

Timeline: dispatch, opening, closing, payment

The formal schedule published with the offer documents lays out the key dates that shareholders should track. The Letter of Offer dispatch is dated August 25, 2026. The offer opens on September 2, 2026 and closes on September 16, 2026. The payment date has been stated as September 30, 2026.

Why the open offer is being made

The open offer follows a Share Purchase Agreement (SPA) dated June 26, 2026. Under this SPA, the acquirers purchased 1,50,599 shares, which has been disclosed as a 6.20% stake. The seller named in the SPA is the existing promoter, Mrs. Gitaben Nitinbhai Patel. These transactions are presented as the trigger events leading to the mandatory open offer process.

Preferential allotment alongside the SPA

Along with the SPA, the target company approved a preferential allotment of 22,25,000 shares. The preferential allotment is stated to be to the acquirers and non-promoters. The price for this allotment has been disclosed as ₹86 per share, the same as the open offer price. Together, the SPA purchase and the preferential issue explain how the acquirers’ shareholding and control intent have been structured around the open offer.

Escrow arrangement and compliance disclosures

For the open offer obligations, the acquirers have deposited ₹1.65 crore (₹165 lakh) in a cash escrow account with Axis Bank Limited. This deposit is stated to cover approximately 30.36% of the maximum obligation under the offer. Such escrow funding is part of the standard safeguard framework for shareholders in open offer situations, and the percentage coverage is explicitly mentioned in the disclosed details.

Role of the Manager to the Offer and BSE filings

D & A Financial Services (P) Ltd has been named as the Manager to the Offer. It has submitted to BSE a copy of the pre-offer advertisement in accordance with Regulation 18(7) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. A corrigendum to the Detailed Public Statement has also been referenced in the disclosures. Separately, Antariksh Industries has informed that the Manager to the Offer submitted a copy of the Letter of Offer to BSE for the attention of public shareholders.

Company context mentioned in the disclosures

The material also notes that Antariksh Industries Limited engages in real estate and trading activities in India. Beyond this brief business description, the announcement content is focused on the transaction mechanics and open offer process. Investors tracking the situation will largely be working off the offer documents and the stated timetable for tendering and payment.

Market impact and what investors can verify

The open offer price of ₹86 per share has been positioned as significantly above the market average of ₹2.48 cited in the announcement. The disclosed gap between the offer price and the cited market level is a central market-relevant data point from the filings. Another key market implication is the potential post-offer holding of 90.37% if the offer is fully accepted, which indicates a sharp shift in ownership concentration based on the stated assumption. Shareholders evaluating participation can cross-check the Letter of Offer and the BSE submissions referenced by the company and the Manager to the Offer.

Additional reference points seen in the announcement stream

One referenced item in the announcement stream notes: “17 Jul - Open offer by Mrs. Gitaben Patel to acquire 26% shares of Antariksh Industries at Rs.96/share.” The provided text does not include further details or how it connects to the current ₹86 open offer, so readers should rely on the formal documents (pre-offer advertisement, corrigendum, and Letter of Offer) for the current offer’s binding terms. The most actionable confirmed information for the present offer remains the tendering window (September 2 to September 16, 2026), the ₹86 price, and the stated maximum consideration and escrow funding.

Conclusion

Antariksh Industries’ mandatory open offer at ₹86 per share is scheduled to open on September 2, 2026 and close on September 16, 2026, with payment slated for September 30, 2026. The offer follows the June 26, 2026 SPA and a preferential allotment priced at ₹86 per share. Public shareholders’ next formal milestone is the completion of the tendering process within the announced dates, as outlined in the Letter of Offer dispatched on August 25, 2026.