Antariksh Industries Approves Share Acquisition and Preferential Issue, Aims for Logistics Expansion

Antariksh Industries Approves Share Acquisition and Preferential Issue, Aims for Logistics Expansion​

Antariksh Industries Ltd has made significant corporate moves, approving a share purchase agreement and an upcoming preferential issue of equity shares. The decisions were formalized during a Board meeting held on June 26, 2026. Concurrently, the company is exploring entry into the logistics business via Nextedge Ecommerce Private Limited (NEPL).

The Board noted the execution of a Share Purchase Agreement with M/s. Riddhi Infocom Solutions LLP and Mr. Alpitkumar Pravinchandra Gor, collectively referred to as the Acquirers. The transaction involves the acquisition of up to 73.48% of Antariksh Industries Ltd’s paid-up equity share capital from Mrs. Gitaben Nitinbhai Patel, an existing promoter.

The Share Purchase Agreement is dated June 26, 2026. The Acquirers are neither related to the Company nor to the Promoter. Upon completion of the transaction and the subsequent open offer, M/s. Riddhi Infocom Solutions LLP and Mr. Alpitkumar Pravinchandra Gor will acquire control over Antariksh Industries Ltd and be classified as promoters.

Details of Preferential Equity Issue​

The Board also considered and approved a preferential issue of equity shares amounting to ₹19,13,50,000/-. The company plans to issue up to 2,22,500 equity shares at an issue price of ₹86/- per share. This issuance is subject to shareholder approval and necessary regulations.

Details regarding the proposed preferential allotment are as follows:

Strategic Acquisition of Logistics Entity​

In addition to the capital restructuring, Antariksh Industries Ltd is expanding its business interests by examining an acquisition in the logistics sector. The company plans to enter the logistics segment through Nextedge Ecommerce Private Limited (NEPL), which will become a subsidiary or associate company post completion of investment.

The proposed target, NEPL, operates within the logistics industry and is engaged in third party logistics (3PL) services—including inventory management, transportation management, risk management, and reverse logistics—as well as domestic and international general carrier and freight forwarder services. As of March 31, 2025, NEPL had a net worth of Rs. 1 lac. The acquisition is not considered a related party transaction.

Shareholding Snapshot​

The company provided data detailing the shareholding pattern before and after the proposed preferential issue, which includes both the SPA and the planned fundraising efforts.

A summary of the shareholding change across shareholder categories:


The Post Preferential Issue figures show a significant increase in public shareholding following the allotment to various allottees. The overall structure of the company is expected to be finalized after the completion of the open offer and other regulatory formalities.

Stock Price Movement​

Antariksh Industries Ltd settled at ₹7.31 on Thursday, after ticking up 4.88%. The shares were locked entirely within a flat intraday range, with the high and low remaining identical.