Intimation In Terms Of Regulation 30 Read With Part A Schedule III Of SEBI LODR Regulations 2015 With Respect To Shareholders Agreement Entered For Change In Control Of Company
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Antariksh Industries Ltd has informed BSE about a Shareholders Agreement signed between its shareholders, which will result in a change of control of the company. This is a disclosure made under Regulation 30 of SEBI LODR Regulations 2015. The name of the incoming acquirer/promoter and the deal valuation are not disclosed in the headline. A change of control through such an agreement typically triggers an open offer obligation for the acquirer to buy shares from public shareholders under SEBI Takeover Regulations.
Shareholders should watch for a follow-up open offer announcement where the new acquirer will be required to purchase shares from the public at a fixed price. Such control changes often bring volatility to the stock price and signal a possible shift in business direction under new promoters.