INDIQUBEBSEIndiqube Spaces LtdLowNeutral
Announced Thu, 21 May · 09:09 IST

Board of Directors of the Company have re-appointed Singhvi and Unni LLP, Chartered Accountants, as the internal auditors of the Company for financial year 2026-27.

Management Changes View source PDF

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AI summary

Indiqube Spaces Ltd held its Board meeting on May 20, 2026, approving several key business matters. The company reported audited standalone results for FY2026 with total income of Rs. 15,275.19 million (up from Rs. 11,029.31 million in FY2025), though it recorded a loss after tax of Rs. 1,063.42 million, improved from Rs. 1,396.17 million loss in the prior year. Revenue from operations grew to Rs. 14,508.12 million from Rs. 10,592.86 million. The Board also approved variation in IPO proceeds utilization (Rs. 3,738.21 million remains unutilized), sought shareholder approval via postal ballot, appointed Mr. Bhasker Dubey as Company Secretary and Compliance Officer, and re-appointed Singhvi Devi and Unni LLP as internal auditors for FY 2026-27. The statutory auditor Walker Chandiok & Co LLP issued an unmodified opinion on the financial results.

Likely market impact

The company continues to show operational improvement with revenue growth of 37% year-over-year and narrowing losses, though high finance costs (Rs. 4,482.59 million) remain a concern. The IPO proceeds utilization change and auditor appointments are routine governance matters with neutral impact on the stock.