The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Gitaben Nitinbhai Patel
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Gitaben Nitinbhai Patel, a non-promoter individual acquirer, has acquired 47,199 equity shares (face value Rs. 10 each) of Antariksh Industries Ltd, representing 23.60% of the company's total share capital. Before this acquisition, the acquirer held zero shares in the company, so this is a fresh entry. The shares were acquired on 28th October 2025 under an Open Offer made pursuant to a Letter of Offer dated 19th September 2025, issued to eligible public shareholders under SEBI's Takeover Regulations. The company has a very small equity base of Rs. 20 lakh (2,00,000 shares), making this a sizeable stake change. Post-acquisition, the acquirer's holding stands at 23.60% of voting capital.
This is a significant open offer-triggered acquisition that takes a single non-promoter acquirer close to the 25% takeover threshold, which could lead to further disclosures or a potential change in control dynamics. Shareholders who tendered shares in the open offer have exited, while remaining investors should watch for further stake changes or any board/management impact.