Corrigendum to postal ballot notice for preferential issue of equity shares

Board & Shareholder Meetings View source PDF

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AI summary

Antariksh Industries issued a corrigendum to its June 26, 2026 postal ballot notice for a Rs. 19.14 crore preferential equity issue. Following BSE observations, the company added details on use of proceeds: Rs. 7.27 crore for working capital, Rs. 7.27 crore for acquiring equity and giving loan to Nextedge Ecommerce (logistics), and Rs. 4.59 crore for general corporate purposes. Utilisation within 12 months.

Likely market impact

Shareholders should review amended preferential issue terms including acquisition of logistics firm Nextedge Ecommerce.