Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015 ("SEBI Regulations") - Change in Directorate of M/s. Antariksh Industries Limited ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Antariksh Industries has undergone a complete board overhaul following a change in promoter control. The company informed the stock exchange that existing promoters sold their stake to Mrs. Gitaben Nitinbhai Patel under a Share Purchase Agreement dated July 3, 2025. As a result, Managing Director Bhagwanji Narsi Patel, Executive Director & CFO Utkarsh Goyal, both Independent Directors (Manish Chandak and Sandhya Karanjavkar), and Company Secretary Ravi Dinesh Kothari all resigned effective November 4, 2025. The company has appointed Ekta Shyamlal Haryani as the new Managing Director (24 years in finance, previously at HDFC AMC, Motilal Oswal AMC), along with a new CFO (Ankur Vasudevbhai Patel), new Company Secretary (Namrata Jain), and three new Independent and Non-Executive Directors. M/s R S Rajpurohit & Co was also appointed as Secretarial Auditor for FY25-26.
This is a major leadership transition triggered by a takeover of promoter control, not a routine reshuffle. While the board remains compliant with listing rules, shareholders should note that the entire top management and independent oversight has been replaced, and the new leadership's strategy may differ significantly from the previous regime.