INDIQUBENSEIndiqube Spaces LimitedMediumNeutral
Announced Tue, 12 Aug · 19:46 IST

Indiqube Spaces Limited has informed the Exchange about change in Management as below:Approval for the change in designation of the following Senior Management Personnel(SMP):a. Mr. Vikas Kumar Agrawal from General Manager (Finance) to Head of InvestorRelationsb. Mr. Bhavna Srivastava from Assistant General Manager (Workspace Planning)to General Manager (Workspace Planning)c. Mr. Dinesh Jayaraj from Assistant General Manager (Workspace Planning) toGeneral Manager (Workspace Planning)Approval for the appointment of Singhvi Dev and Unni LLP, Chartered Accountants(Firm s Registration No.: 003867S/S200358) as the Internal Auditors of the Companyfor the financial year 2025-26, in compliance with Companies Act, 2013 and ListingRegulations.

Management Changes View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Indiqube Spaces Limited, recently listed (30 July 2025) at Rs 237/share, announced its first quarterly results as a public company for Q1 FY26 (quarter ended 30 June 2025). Revenue from operations rose to Rs 3,092.93 million from Rs 2,422.65 million in the same quarter last year, a growth of about 27.7%. However, the company reported a wider pre-tax loss of Rs 499.63 million (vs Rs 392.97 million YoY), though the loss after tax narrowed to Rs 367.55 million from Rs 420.40 million, helped by a deferred tax credit. Finance costs (Rs 1,099.31 million) and depreciation (Rs 1,429.84 million) remain the biggest expense heads, reflecting the capital-intensive nature of the coworking workspace business. The Board also approved the appointment of Singhvi Dev and Unni LLP as Internal Auditors for FY 2025-26, changed designations of three senior management personnel, and approved a Postal Ballot for share capital reclassification, ESOP 2022 ratification, and adoption of new Articles of Association.

Likely market impact

This is a routine post-listing quarterly update. The revenue growth is positive, but continued losses and high finance/depreciation costs suggest profitability is still some way off. Shareholders should watch whether the company can reduce its loss trajectory in upcoming quarters. The internal auditor change and postal ballot items are administrative and unlikely to impact the stock price materially.