Mark Corporate Advisors Pvt Ltd ("Manager to the Offer") has submitted to BSE a copy of Draft Letter of Offer to the Public Shareholders of Antariksh Industries Ltd ("Target Company").
M&A
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MEDIUM RISK
📅 Filed on BSE: 09 Jul 2026, 07:21 PM IST · BSE ID: 84b21857-d8f9-4a85-b03b-8f509c0aad33
View Original BSE Filing (PDF)
💡
In Simple Terms
An open offer has been launched for Antariksh Industries, aiming to buy 26.00% of its shares for ₹86 each.
🤖 AI Summary
- Open offer by Alpitkumar Pravinchandra Gor and Riddhi Infocom Solutions LLP for Antariksh Industries Limited.
- Acquirers to acquire up to 6,31,785 fully paid-up equity shares.
- Offer price set at ₹86 per equity share, payable in cash.
- Represents 26.00% of the emerging voting share capital of Antariksh Industries.
- Tendering period opens on August 18, 2026, and closes on September 01, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Equity Shares to Acquire
6,31,785 fully paid-up equity shares
Percentage of Emerging Voting Share Capital
26.00%
Offer Price per Equity Share
₹86/-
Face Value per Equity Share
₹10/-
🏢 How This Affects the Company
This open offer introduces regulatory risk for the acquirers regarding withdrawal terms per SEBI (SAST) Regulations, 2011, Regulation 23(1).
👥 What This Means For Shareholders
✅
Action Required
Eligible equity shareholders must decide whether to tender their shares during the tendering period from August 18, 2026, to September 01, 2026.
👤
Who Is Affected
All eligible equity shareholders of Antariksh Industries Limited are affected, as the offer seeks to acquire up to 6,31,785 equity shares representing 26.00% of the company's emerging voting share capital.
🔍
Management Signal
The open offer indicates an intent by the acquirers to gain a substantial stake, up to 26.00%, in Antariksh Industries Limited.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Public announcement of any revision in Offer Price/Offer Size before tendering period.
Notification of any withdrawal of the Open Offer by the Acquirer.
Commencement of the Tendering Period on August 18, 2026.
MEDIUM RISK
Acquirers can withdraw the offer, and no competing offers suggest limited alternative demand.
💡 Investor Takeaway
An open offer is underway for Antariksh Industries Limited by Alpitkumar Pravinchandra Gor and Riddhi Infocom Solutions LLP, targeting 6,31,785 equity shares at ₹86 per share. This represents 26.00% of the emerging voting share capital. The tendering period is from August 18, 2026, to September 01, 2026.
⚖️ Strengths & Concerns
✅ Positives
- The offer is not conditional and not subject to any minimum level of acceptance, providing clarity for tendering shareholders.
- The offer price of ₹86 per equity share is payable in cash, offering immediate liquidity to tendering shareholders.
⚠️ Concerns
- The acquirers reserve the right to withdraw the offer in accordance with Regulation 23(1) of SEBI (SAST) Regulations, 2011.
- There has been no competing offer as of the date of this Letter of Offer, indicating potential limited demand beyond the current offer.
❓ Frequently Asked Questions
What is the offer price for Antariksh Industries Limited shares in the open offer?
The offer price for Antariksh Industries Limited equity shares is ₹86/- per equity share, payable in cash.
How many equity shares are being sought in the open offer for Antariksh Industries Limited?
The open offer aims to acquire up to 6,31,785 fully paid-up equity shares of Antariksh Industries Limited.
What percentage of Antariksh Industries Limited's voting share capital does this open offer represent?
This open offer represents 26.00% of the Emerging Voting Share Capital of Antariksh Industries Limited.
When does the tendering period for the Antariksh Industries Limited open offer open and close?
The tendering period for the open offer opens on Tuesday, August 18, 2026, and closes on Tuesday, September 01, 2026.
Questions based on this BSE filing only. For information purposes.