Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") - Resignation of Chief Financial Officer ("CFO") ....
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Antariksh Industries Ltd announced a sweeping change at the board and management level on November 4, 2025, triggered by a change of control arising from a Share Purchase Agreement dated July 3, 2025, under which promoter group shares were transferred to Mrs. Gitaben Nitinbhai Patel. Managing Director Mr. Bhagwanji Narsi Patel and Executive Director/CFO Mr. Utkarsh Goyal resigned citing the change of control. Two Independent Directors, Mr. Manish Chandak and Mrs. Sandhya Karanjavkar, also stepped down citing other professional commitments. In their place, the company appointed Mrs. Ekta Shyamlal Haryani (ex-Bandhan MF, Motilal Oswal AMC) as new Managing Director, along with one Non-Executive Non-Independent Director and three new Independent Directors. Mr. Ankur Patel replaced Mr. Goyal as CFO and Ms. Namrata Jain replaced Mr. Ravi Kothari as Company Secretary. The company also appointed R S Rajpurohit & Co. as its new Secretarial Auditor for FY 2025-26.
This is a near-complete leadership overhaul driven by a promoter-level change of control. Shareholders should expect a potential shift in business strategy and operations under the new management led by Mrs. Gitaben Nitinbhai Patel and newly appointed MD Ekta Haryani, which could introduce both opportunity and uncertainty in the near term.