INDIQUBENSEIndiqube Spaces LimitedMediumNeutral
Announced Wed, 20 May · 20:42 IST

Appointment of M/s. VVS and Associates, Company Secretaries in Practice (FCS No.9012 & COP No. 10499 and Peer Review No. 1476/2021) as the secretarial auditors of theCompany, for a term of five consecutive financial years commencing from April 01, 2026till March 31, 2031, subject to approval of the shareholders of the Company.

Management Changes View source PDF

INDIQUBE · price

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Price reaction · full curve 14 horizons · vs prior close
-7.4%1-day move
₹177.00
prior close
₹165.00
base price
After-mkt
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+2.4+1.9+2.3+1.6-7.4-6.2-6.8-7.9-10.7-10.6-13.6-3.4-3.0
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AI summary

Indiqube Spaces Limited held a Board meeting on May 20, 2026, where several key business decisions were approved. The Company reported audited standalone financial results for FY 2025-26, posting a net loss of Rs. 1,063.42 million compared to a loss of Rs. 1,396.17 million in the previous year, indicating an improvement in losses. Total income stood at Rs. 15,275.19 million, up from Rs. 11,029.31 million in FY 2024-25. The Board also approved the appointment of Mr. Bhasker Dubey as the new Company Secretary and Compliance Officer, effective May 20, 2026. Additionally, M/s. VVS and Associates were appointed as Secretarial Auditors for a five-year term from April 2026 to March 2031, subject to shareholder approval. Singhvi Devi and Unni LLP were reappointed as Internal Auditors for FY 2026-27. The Board also decided to seek shareholder approval via postal ballot for variation in the utilization of IPO proceeds and other corporate matters.

Likely market impact

The appointment of a new Company Secretary strengthens the compliance function post-IPO. The continued improvement in financial performance, with losses narrowing significantly, is a positive signal for investors. Shareholder approval being sought for IPO fund reallocation and secretarial auditor appointment is a standard governance process.