Intimation in terms of Regulation 30 read with Part A Schedule III of SEBI LODR Regulations 2015 with respect to Shareholder Agreement entered for change in control of Company.
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Antariksh Industries has informed the BSE that a Share Purchase Agreement (SPA) was signed on 3rd July 2025 between the existing promoters (Mr. Bhagwanji Narsi Patel and Mr. Utkarsh Goyal) and the acquirer (Mrs. Gitaben Nitinbhai Patel, who has no prior relation to the company). Under the deal, the acquirer will purchase 1,03,400 equity shares, representing 51.70% of the paid-up share capital, at Rs. 96 per share — a total consideration of about Rs. 99.26 lakhs. Upon completion, the existing promoters will cease to be promoters and will be reclassified as public shareholders, and the board composition will change. The transaction is subject to regulatory approvals and the completion of a mandatory open offer under SEBI's Takeover Regulations, 2011.
This is a change-of-control event for a listed company — the new acquirer (with no prior connection to Antariksh) will take over the promoter seat and the board. Shareholders should expect an open offer to be launched shortly at or around the Rs. 96/share benchmark price, and the stock may see increased activity and volatility around the open offer window.