Antariksh Industries: promoter change, ₹19.13 crore issue

What the latest disclosure confirms

Antariksh Industries Limited has confirmed the completion of a promoter and control change, with Alpitkumar Pravinchandra Gor and Riddhi Infocom Solutions LLP acquiring control of the company. The disclosure also states that Gitaben Nitinbhai Patel has ceased to be a promoter after she no longer held any equity shares in the company. Alongside the change in control, the company has completed a preferential allotment that expanded its equity base and reset the shareholding mix between the promoter group and public shareholders. These developments were disclosed under regulatory filings, including an announcement under Regulation 30 (LODR) for change in management control and a board meeting outcome related to the preferential issue.

Board meeting on September 25, 2026: preferential allotment decision

The company said its Board of Directors met on September 25, 2026, and approved the allotment of equity shares on a preferential basis. The meeting commenced at 4:30 PM and concluded at 5:15 PM. The allotment approved was for 22,25,000 equity shares (2.225 million shares). The company linked the allotment to shareholder approval already obtained through a remote e-voting postal ballot on July 27, 2026, and the subsequent receipt of application funds.

Pricing and funds raised: ₹86 per share and ₹19.13 crore

As per the disclosure, Antariksh Industries allotted 2.22 million equity shares through the preferential issue at ₹86 per share. The company stated that the issue raised ₹19.13 crore. It also reported that the paid-up equity share capital increased to ₹2.43 crore after the allotment. The company had earlier disclosed that a preferential issue of 2.225 million shares at ₹86 each would raise ₹19.13 crore, aligning the fundraising figure with the September 25, 2026 allotment update.

How promoter control shifted to the new acquirers

Antariksh Industries reported a change in management control, with Mr. Alpitkumar Pravinchandra Gor and Riddhi Infocom Solutions LLP becoming the new promoters after acquiring a controlling stake. The company also stated that the previous promoter was reclassified to the public category. Separately, a disclosure noted that Antariksh Industries confirmed Alpitkumar Gor and Riddhi Infocom acquired a 6.20% stake, and that the new promoters’ total holding stood at 64.81%.

Shareholding after the preferential issue

Following completion of the preferential issue, the company disclosed the revised ownership split across promoter and public categories. The Promoter and Promoter Group shareholding stood at 15,74,857 equity shares, representing 64.81% of the expanded capital. Public shareholding increased to 8,55,083 equity shares, representing 35.19% of total shareholding. The company described this as an adjustment to the shareholding structure following the preferential issue.

Earlier change in control in FY26 and the November 2025 MD appointment

The company’s disclosures also refer to an earlier change in control during the year when Mrs. Gitaben Nitinbhai Patel acquired 75.30% of the paid-up equity share capital. After that change, the board was reconstituted. The same disclosures state that Mrs. Ekta Shyamlal Haryani was appointed as Managing Director effective November 5, 2025. This sequence provides the context for how Antariksh Industries’ control and management composition has shifted across the last year.

Key dates: AGM schedule and other corporate actions

Antariksh Industries has scheduled its 51st Annual General Meeting for September 29, 2026 at 2:30 pm. The venue is the registered office in Ahmedabad. The AGM agenda includes the re-appointment of Mr. Nilesh Hasmukhbhai Kothari as Non-Executive Director, as referenced in the company’s disclosures.

Management and compliance roles disclosed

In its management disclosure, the company listed Namrata Sureshkumar Jain as Company Secretary and Compliance Officer. It also listed Nilesh Hasmukhbhai Kothari as Non Independent and Non Executive Director. Separately, a disclosure on management changes following the earlier change in control stated that Mrs. Ekta Shyamlal Haryani was appointed Managing Director and Mr. Ankur Vasudevbhai Patel was appointed as CFO.

Business expansion proposal via MoA changes

Antariksh Industries has also issued a postal ballot notice seeking shareholder approval to alter its Memorandum of Association. The company proposed adding 17 new business activities, including real estate, textiles, IT services, power generation, and agriculture. Another disclosure described plans for major corporate changes including significant board restructuring and relocation of the registered office from Maharashtra to Gujarat, with e-voting scheduled from November 19 to December 18, 2025.

Market impact and why these updates matter

The preferential issue and change in control are material because they reshape ownership concentration and governance responsibility. The disclosures state the transaction triggers an open offer and will lead to a change of control, while also noting that the preferential issue results in over ten-fold dilution. Investors typically track these events closely because post-issue shareholding determines who effectively controls board decisions and future capital allocation.

Operationally, the company has also reported weak recent financial performance in its filings. Antariksh Industries reported a net loss of ₹0.04 crore in Q3 FY26 with zero revenue from operations, compared with a profit of ₹0.087 crore and revenue of ₹8.7474 crore in Q3 FY25. While the filings do not provide reasons for the change, the numbers highlight why capital raising, promoter changes, and proposed business diversification have become key monitorables.

Closing summary and next steps on the calendar

Antariksh Industries has confirmed a completed promoter change, a preferential allotment of 22,25,000 shares at ₹86, and an updated post-issue shareholding where promoters hold 64.81%. The disclosures also place these changes alongside earlier board reconstitution steps, including the Managing Director appointment effective November 5, 2025. The next near-term event on the company calendar is the 51st AGM on September 29, 2026 in Ahmedabad, where shareholders will consider routine items including a director re-appointment.