Indiqube Spaces Limited has submitted to the Exchange the details regarding the following:Approved the unaudited financial statements for the quarter ended 30th June 2025 alongwith Limited Review Report with unmodified opinion issued by the Statutory Auditorsof Company. Copies of the same are enclosed herewith;Approved 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.Approved 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)4. Approved the issuance of a Postal Ballot Notice for seeking shareholders approval onthe resolutions set out below, which are to be passed through a Postal Ballot process:a. Approval for Reclassification of Authorised Share Capital and alteration to theCapital Clause of the Memorandum of Association of the Companyb. Ratification of the Indiqube- Employee Stock Option Plan 2022 c. Approval and adoption of the Articles of Association of the company
INDIQUBE · price
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Indiqube Spaces, a Bengaluru-based managed office space provider that recently listed on NSE/BSE on 30 July 2025, reported its first quarterly results post-IPO. Revenue from operations for Q1 FY26 (quarter ended 30 June 2025) stood at Rs. 3,092.93 million, up about 27.7% from Rs. 2,422.65 million in the same quarter last year. The company, however, posted a loss after tax of Rs. 367.55 million, although this narrowed from Rs. 412.40 million loss in Q1 FY25. The board approved the unaudited results with an unmodified (clean) opinion from statutory auditors, appointed Singhvi Dev and Unni LLP as internal auditors for FY 2025-26, and changed designations of three senior managers. A postal ballot notice was also cleared for shareholders' approval on share capital reclassification, ESOP 2022 ratification, and adoption of new Articles of Association.
Strong revenue growth is a positive signal for a recently listed company, but persistent losses and high finance costs (Rs. 1,099 million) and depreciation (Rs. 1,430 million) suggest profitability is still some time away. Investors should watch for narrowing of losses and improvement in operating efficiency in coming quarters; the postal ballot items are routine governance matters.