Appointment of Statutory Auditor.
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The Board of Directors of Space Incubatrics Technologies Ltd, at a meeting held on October 16, 2025, approved two key appointments effective the same date. First, Ms. Rashi Singhal (Membership No. ACS24578), an Associate Member of the Institute of Company Secretaries of India, was appointed as Company Secretary and Compliance Officer. Second, M/s V R S K & Associates (Firm Registration No. 011199N), a Chartered Accountants firm based in Rohtak, Haryana, was appointed as Statutory Auditor of the company. The auditor will hold office up to the conclusion of the ensuing General Meeting and will conduct the statutory audit for FY 2025-26. The appointment was made on the recommendation of the Audit Committee and is subject to shareholder approval at a general meeting to be held within three months.
These are routine governance appointments and unlikely to have any material impact on the stock price. The appointment of a new auditor signals a change in audit oversight, which shareholders should monitor at the next AGM for any context on why the previous auditor was replaced.