Antariksh Industries Board Approves Share Acquisition and Preferential Issue

Antariksh Industries Ltd announced that its Board of Directors has approved the execution of a Share Purchase Agreement (SPA) for the acquisition of up to 73.48% of the company's equity share capital by M/s. Riddhi Infocom Solutions LLP and Mr. Alpitkumar Pravinchandra Gor. The Board also approved a preferential issue of up to 22,25,000 equity shares at ₹86 per share, aggregating to ₹19.135 crore, subject to shareholder and regulatory approvals. A postal ballot notice will be issued for these proposals, with NSDL appointed as the e-voting agency and Mr. Nayan Pitroda as the scrutinizer.