The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Gitaben Patel
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Gitaben Nitinbhai Patel, part of the promoter group of Antariksh Industries Ltd, acquired 1,03,400 equity shares (51.70% of share capital) through an off-market Share Purchase Agreement dated July 03, 2025, with the transaction consummated on November 04, 2025. This is a very small company with total share capital of just Rs. 20 lakh (2,00,000 shares of Rs. 10 each). Her stake rose sharply from 23.60% (47,199 shares) to 75.30% (1,50,599 shares). The disclosure is filed under Regulation 29(2) of the SEBI Takeover Regulations, 2011.
This represents a clear change in control — the acquirer is now crossing well past the 75% threshold, which may trigger SEBI takeover code obligations including a potential open offer to public shareholders. The very small share capital and extremely high post-deal promoter holding (75.30%) leave a very thin public float, raising concerns about liquidity and minority shareholder rights.