Appointment of Secretarial Auditors of the Company for a period of 5 years, subject to shareholders approval
INDIQUBE · price
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Indiqube Spaces Ltd, a flexible workspace operator listed on NSE/BSE in July 2025, held its board meeting on May 20, 2026 approving audited FY2026 results. Revenue grew 37% to Rs 15,275 million, while loss after tax narrowed to Rs 1,063 million from Rs 1,396 million in FY2025. The company is seeking shareholder approval via postal ballot to change how it uses Rs 16.95 million of unutilized IPO proceeds, reallocating it from debt repayment to general corporate purposes. Key appointments include Mr. Bhasker Dubey as Company Secretary and Compliance Officer, and M/s. VVS and Associates as Secretarial Auditors for 5 years (subject to shareholder approval). The statutory auditor gave an unmodified opinion on the financial statements.
The narrowing losses and strong revenue growth indicate improving operational performance. The IPO was successfully listed in July 2025 with Rs 6,045 million raised; only Rs 2,306 million has been utilized so far. The minor reallocation of unspent IPO funds for general purposes is routine. Overall, this is a routine compliance filing with positive operational signals.