Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") - Resignation of Managing Director of M/s. Antariksh ....
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Antariksh Industries has undergone a sweeping board and management change triggered by a change of control. Existing promoters sold their stake to Mrs. Gitaben Nitinbhai Patel under a Share Purchase Agreement dated July 3, 2025. As a result, Managing Director Mr. Bhagwanji Narsi Patel and Executive Director/CFO Mr. Utkarsh Goyal resigned on November 4, 2025, along with two independent directors (Mr. Manish Chandak and Mrs. Sandhya Karanjavkar) and Company Secretary Mr. Ravi Kothari. New appointments effective November 5, 2025 include Mrs. Ekta Shyamlal Haryani as Managing Director (5-year term), Mr. Ankur Patel as CFO, and Ms. Namrata Jain as Company Secretary. Three new independent directors and one non-executive director have also been appointed, and M/s. R S Rajpurohit & Co. has been re-engaged as Secretarial Auditor for FY2025-26.
This is effectively a complete management reset following an ownership change at the company. While board composition remains compliant with regulations and brings in fresh leadership with finance and governance experience, investors should monitor how quickly the new team settles in, as the simultaneous exit of MD, CFO, CS, and independent directors creates short-term execution and continuity risk.