Antariksh Industries501270Open offer update

Post Offer Advertisement: Open Offer at Rs. 86 gets only 10,708 shares tendered

Open offer closed.

By ScoutQuest · Mon 28 Sep 2026, 5:12 PM IST · 2 min read

15,74,857Offer holding of Acquirer and PAC

Shares via preferential issue14,13,550

Shares acquired via SPA1,50,599

Shares tendered10,708

Offer holding of Acquirer and PAC 15,74,857: Shares via preferential issue 14,13,550, Shares acquired via SPA 1,50,599, Shares tendered 10,708.

Shares Sought: 6,31,785 shares (26.00%)
Shares Tendered & Accepted: 10,708 shares (0.44%)
Offer Price: ₹86 per share
Amount Paid: ₹9,20,888
Post-offer Acquirer + PAC Holding: 15,74,857 shares (64.81%)

What this update is

This is the post offer advertisement issued by the Manager to the Offer, Mark Corporate Advisors, after the mandatory open offer to public shareholders of Antariksh Industries closed. It reports what was actually proposed versus what actually happened.

Offer timeline

Offer opened: Wednesday, September 02, 2026
Offer closed: Wednesday, September 16, 2026
Payment / communication of acceptance or rejection: Thursday, September 24, 2026

Who is involved

Acquirer: Alpitkumar Pravinchandra Gor
PAC: Riddhi Infocom Solutions LLP
Registrar: Purva Sharegistry (India) Private Limited

Proposed versus actual

Offer price: ₹ 86.00 per equity share, same as proposed
Shares sought: up to 6,31,785 shares, being 26.00% of the emerging voting share capital
Shares tendered: 10,708
Shares accepted: 10,708, being 0.44% of emerging voting share capital
Offer size proposed: ₹ 5,43,33,510; actual outgo: ₹ 9,20,888

So the response from public shareholders was very small relative to the size of the offer. This is common when the market price is at or above the offer price, or when very few shares are held by the public.

Shareholding build-up

Holding before the public announcement: Nil
Acquired under the Share Purchase Agreement: 1,50,599 shares, or 6.20%
Acquired through preferential issue: 14,13,550 shares, or 58.17%
Acquired through the open offer: 10,708 shares, or 0.44%
Post offer holding of Acquirer and PAC: 15,74,857 shares, or 64.81% (against 21,95,934 shares / 90.37% if the offer had been fully subscribed)

Public shareholding

Pre-offer: 54,341 shares, or 26.52%
Post-offer: 43,633 shares, or 1.79%

The sharp fall in the public percentage reflects the large preferential issue expanding the capital base, not shares leaving public hands beyond the 10,708 tendered.

What it means for a shareholder

The change of control process is now complete. Shareholders who did not tender continue to hold their shares. The promoter group of the company now rests with the Acquirer and PAC at a combined 64.81%.

1.79%Offer public holding %

Offer public holding %: 1.79%.

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