OUTCOME OF BOARD MEETING
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' Board, meeting on August 2, 2025, approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations collapsed to ₹140.48 lakhs from ₹614.55 lakhs in Q1 FY25, a sharp year-on-year decline of roughly 77%. Profit after tax nearly evaporated to just ₹0.14 lakhs versus ₹13.99 lakhs in the same quarter last year. Statutory auditors M/s DMKH & Co. issued an unmodified (clean) review report. The Board also approved the 50th AGM notice, secretarial audit report, closure of register of members, e-voting cut-off, and constituted a Committee of Independent Directors in connection with a proposed Open Offer under SEBI's takeover (SAST) regulations.
The steep revenue and profit slump is a red flag for existing shareholders and likely to weigh on the stock in the short term. Separately, the constitution of an Independent Directors' committee for an Open Offer signals an impending change in control or substantial acquisition, which could materially affect shareholding structure and price.