Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") - Appointment of Managing Director ("MD") of ....
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 major shake-up after a change in control, triggered by a Share Purchase Agreement dated July 3, 2025 that transferred promoter shareholding to Mrs. Gitaben Nitinbhai Patel. The outgoing Managing Director Mr. Bhagwanji Narsi Patel and Executive Director & CFO Mr. Utkarsh Goyal resigned on November 4, 2025 due to this change in control. Two Independent Directors (Mr. Manish Chandak and Mrs. Sandhya Karanjavkar) and the Company Secretary (Mr. Ravi Kothari) also stepped down. In their place, Mrs. Ekta Shyamlal Haryani (24-year finance veteran, formerly with Bandhan MF, Motilal Oswal AMC) was appointed as the new Managing Director for five years, along with a new CFO (Mr. Ankur Patel) and Company Secretary (Ms. Namrata Jain). Three new Independent Directors and one Non-Executive Director were also inducted, and M/s R S Rajpurohit & Co was re-appointed as Secretarial Auditor for FY25-26.
For shareholders, this is a significant governance transition — virtually the entire board and senior management have been replaced as a new controlling shareholder takes charge. While continuity of operations appears planned, investors should watch for the new promoter's strategic direction and any open offer or further disclosures related to the change in control.