Indiqube Spaces Limited was listed on 30th July 2025, after holding its AGM for FY 2024-25 on 27th June 2025, in compliance with the Companies Act, 2013. As a measure of good governance, ....
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Indiqube Spaces Limited voluntarily submitted its FY 2024-25 Annual Report to BSE and NSE, even though it was not mandatory at the time of listing on 30 July 2025. The company had converted from a private to public limited company in December 2024 and held its AGM for FY 2024-25 on 27 June 2025, prior to listing. Revenue from operations grew about 27.5% to Rs. 10,592.86 million from Rs. 8,305.73 million, but the company still reported a net loss of Rs. 1,396.17 million (though narrower than Rs. 3,415.08 million loss in FY 2023-24). CRISIL rating was upgraded to A+/Stable from A/Positive. The IPO size was reduced from Rs. 7,500 million to Rs. 6,500 million. No dividend was recommended as the company continues to conserve cash.
Positive governance signal as the newly listed company is proactively sharing pre-listing financials with shareholders. Strong revenue growth and narrowing losses, along with a credit rating upgrade, suggest improving business health, though accumulated losses of Rs. 9,254.40 million mean investors should not expect dividends soon.