The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bhagwanji Patel & Utkarsh Goyal
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Existing promoters Bhagwanji Narsi Patel and Utkarsh Goyal, who together held 51.70% of Antariksh Industries Ltd (1,03,400 shares of face value Rs. 10 each, 51,700 shares each), have fully exited the company by selling their entire stake off-market under a Share Purchase Agreement dated July 03, 2025 to acquirer Mrs. Gitaben Nitinbhai Patel. After the transaction, both sellers hold zero shares (0%). The transaction was completed on November 04, 2025. The company has a very small equity base of Rs. 20 lakh (2,00,000 equity shares of Rs. 10 each), making this a near-total change of promoter ownership.
This is a complete promoter exit resulting in a change of controlling shareholder, which typically leads to significant shifts in management, board composition, and future strategy. Retail investors should expect possible open offer obligations from the new acquirer and brace for governance/leadership changes in this small-cap company.