StockWatch
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Residential- Commercial Projects
Management Change29 Sept 2026, 06:11 pm

Antariksh: Directorate & KMP Changes on Sep 29, 2026

AI Summary

Antariksh Industries Limited's Board of Directors, at a meeting on September 29, 2026, approved significant changes in its directorate and Key Managerial Personnel (KMP). Mr. Nilesh Hasmukhbhai Kothari (Non-Executive Director) and Mr. Ankur Vasudevbhai Patel (CFO) resigned, along with Independent Directors Mr. Hardikkumar Dhirubhai Jetani, Mr. Jigar Nemichand Jain, and Mr. Harinarayan Ramanand Tripathi. These resignations are effective from September 29, 2026, and are attributed to the transfer of existing promoter shareholding to Mr. Alpit Pravinchandra Gor and Riddhi Infocom Solutions LLP, resulting in the cessation of control by the existing promoter. Concurrently, the Board appointed Mr. Tushar Pramod Kudalkar as Whole Time Director and Mr. Umesh Arvindbhai Bhadreswara as Executive Director, both for five years. Additionally, Mr. Parimal Rajendrabhai Joshi, Mr. Pranab Mahendra Shah, and Mr. Soumya Ranjan Kanhu Charan Pradhan were appointed as Non-Executive, Independent Directors for five-year terms.

Key Highlights

  • Multiple directors and CFO resigned due to promoter shareholding transfer.
  • Existing promoter control ceased following a share purchase agreement.
  • Two new Executive Directors, including a Whole Time Director, were appointed for five years.
  • Three new Non-Executive Independent Directors were appointed for five-year terms.