Antariksh Industries
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Antariksh Industries announced that its board on June 26, 2026, approved a share purchase agreement under which existing promoter Gitaben Nitinbhai Patel will sell her entire 73.48% stake in the company to Riddhi Infocom Solutions LLP and Alpitkumar Pravinchandra Gor. The transaction, priced at ₹86 per share, triggers an open offer and will lead to a change of control, with the acquirers becoming the new promoters. Separately, the board approved a preferential issue of 2.225 million equity shares at ₹86 each, raising ₹19.13 crore, to the acquirers and three other allottees, resulting in over ten-fold dilution. Post-allotment, the acquirers’ combined holding will rise to 64.37%, subject to open offer completion. The company also disclosed plans to enter the logistics sector by acquiring Nextedge Ecommerce Private Limited, which will become a subsidiary or associate.
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Antariksh Industries announced that its board on June 26, 2026, approved a share purchase agreement under which existing promoter Gitaben Nitinbhai Patel will sell her entire 73.48% stake in the company to Riddhi Infocom Solutions LLP and Alpitkumar Pravinchandra Gor. The transaction, priced at ₹86 per share, triggers an open offer and will lead to a change of control, with the acquirers becoming the new promoters. Separately, the board approved a preferential issue of 2.225 million equity shares at ₹86 each, raising ₹19.13 crore, to the acquirers and three other allottees, resulting in over ten-fold dilution. Post-allotment, the acquirers’ combined holding will rise to 64.37%, subject to open offer completion. The company also disclosed plans to enter the logistics sector by acquiring Nextedge Ecommerce Private Limited, which will become a subsidiary or associate.
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Antariksh Industries Ltd informed exchanges that its board will meet on 26 June 2026 to evaluate a proposal for issuing equity shares or eligible securities through a preferential route. The meeting will also discuss convening an extraordinary general meeting or postal ballot to obtain shareholder approval. The company did not disclose the potential size, pricing, or intended allottees of the preferential issue.
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Antariksh Industries Ltd informed exchanges that its board will meet on 26 June 2026 to evaluate a proposal for issuing equity shares or eligible securities through a preferential route. The meeting will also discuss convening an extraordinary general meeting or postal ballot to obtain shareholder approval. The company did not disclose the potential size, pricing, or intended allottees of the preferential issue.
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What does Antariksh Industries do?
Stay updated with Chankya Investments Ltd's quarterly and annual results in the Finance & Investments industry. Get live equity market updates and breaking news stories from the Indian share market.
Who are the competitors of Antariksh Industries?
Antariksh Industries major competitors are Athena Constructions, CMM Infraprojects, Rajeswari Infrast., SBL Infratech, Patidar Buildcon, Purohit Construction, Unishire Urban Infra. Market Cap of Antariksh Industries is ₹0 Crs. While the median market cap of its peers are ₹3 Crs.
Is Antariksh Industries financially stable compared to its competitors?
Antariksh Industries seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Antariksh Industries pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Antariksh Industries latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Antariksh Industries allocated its funds?
Companies resources are allocated to majorly unproductive assets like Short Term Loans & Advances
How strong is Antariksh Industries balance sheet?
Balance sheet of Antariksh Industries is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Antariksh Industries improving?
The profit is oscillating. The profit of Antariksh Industries is ₹0.55 Crs for Mar 2025, ₹0.17 Crs for Mar 2024 and ₹0.19 Crs for Mar 2023
Is the debt of Antariksh Industries increasing or decreasing?
The net debt of Antariksh Industries is decreasing. Latest net debt of Antariksh Industries is -₹0.18 Crs as of Mar-26. This is less than Mar-25 when it was -₹0.04 Crs.
Is Antariksh Industries stock expensive?
There is insufficient historical data to gauge this. Latest PE of Antariksh Industries is 3.23
Has the share price of Antariksh Industries grown faster than its competition?
Antariksh Industries has given better returns compared to its competitors. Antariksh Industries has grown at ~443195.66% over the last 4yrs while peers have grown at a median rate of -9.38%
Is the promoter bullish about Antariksh Industries?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in Antariksh Industries is 73.48% and last quarter promoter holding is 75.3%
Are mutual funds buying/selling Antariksh Industries?
There is Insufficient data to gauge this.