Disclosure under Regulations 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") - Appointment of Chief Financial Officer ("CFO") ....
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At a board meeting on November 4, 2025, Antariksh Industries announced sweeping leadership changes triggered by a change of control. Under a Share Purchase Agreement dated July 3, 2025, the existing promoters transferred their stake to Mrs. Gitaben Nitinbhai Patel, leading to the resignation of Managing Director Mr. Bhagwanji Narsi Patel and Executive Director & CFO Mr. Utkarsh Goyal. Two Independent Directors (Mr. Manish Chandak and Mrs. Sandhya Karanjavkar) and Company Secretary Mr. Ravi Kothari also stepped down, citing professional commitments. In their place, the board appointed Mrs. Ekta Shyamlal Haryani as the new Managing Director (5-year term), Mr. Ankur Vasudevbhai Patel as CFO, and Ms. Namrata Sureshkumar Jain as Company Secretary, along with three new directors including one Non-Executive Non-Independent and two Independent Directors. The board also appointed M/s. R S Rajpurohit & Co. as the Secretarial Auditor for FY 2025-26.
This is a complete change-of-control event at a small-cap company, with a new promoter (Mrs. Gitaben Nitinbhai Patel) now in charge and an entirely new top management team in place. Shareholders should expect a fresh strategic direction under the incoming promoter, but may face short-term uncertainty as the new leadership settles in and shareholders' approval is still required for the new director appointments.