Postal Ballot: Preferential Issue of 22.25L Shares, Possible Change of Control
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Antariksh Industries is seeking shareholder approval via postal ballot for preferential issue of up to 22,25,000 equity shares at Rs 86 each, raising about Rs 19.14 crore. Two allottees Riddhi Infocom Solutions LLP and Alpitkumar Pravinchandra Gor would become new promoters, triggering a change of control and mandatory open offer. Existing promoter to be reclassified as public. Proceeds for working capital, acquiring stake in Nextedge Ecommerce (logistics firm), and general purposes. E-voting from June 28 to July 27, 2026.
Likely change of control with mandatory open offer to follow. Existing shareholders face dilution and a leadership change. New direction into logistics.