D & A Financial Services (P) Ltd ("Manager to the Offer") has submitted to BSE a copy of Detailed Public Statement for the attention of the Equity Shareholders of Antariksh Industries Ltd ....
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D & A Financial Services has submitted a Detailed Public Statement for an Open Offer to acquire up to 52,000 equity shares (26% of voting capital) of Antariksh Industries Ltd at Rs. 96 per share, totaling about Rs. 49.92 lakh in cash. This follows a Share Purchase Agreement signed on July 3, 2025, where acquirer Mrs. Gitaben Nitinbhai Patel is buying 1,03,400 shares (51.70%) from existing promoters Mr. Bhagwanji Narsi Patel and Mr. Utkarsh Goyal at Rs. 96 each. The acquirer currently holds no shares but will end up with 77.70% post-offer, becoming the new promoter. The company is in real estate and trading, with FY25 revenue of Rs. 43.79 crore and net income of Rs. 55.03 lakh. The shares are classified as infrequently traded on BSE. Tendering period is set for August 26 to September 10, 2025.
This represents a change of control at Antariksh Industries Ltd with a new promoter taking over. Public shareholders can tender their shares at Rs. 96 per share, which is above the independently determined fair value of Rs. 95.34 per share. Existing promoters are exiting the company, so the stock may see some volatility during the tendering period.