Approval of Unaudited financial Statements Statement of Deviation & Variation Proposal of Stock Splits Amendments in Capital Clause
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The Board of Directors of Space Incubatrics Technologies Ltd met on 24 October 2025 and approved the unaudited financial results for Q2 FY26 (quarter ended 30 September 2025). The company reported revenue from operations of Rs. 2,010.25 lakh and a profit before tax of Rs. 955.99 lakh for the quarter, a sharp jump from a loss of Rs. 3.11 lakh in the corresponding quarter last year. The Board also proposed a stock split in the ratio of 1:10, reducing the face value of equity shares from Rs. 10 to Re. 1 per share, subject to shareholder approval. The rationale stated is to improve liquidity, make shares more affordable for retail investors, and widen shareholder participation. The Capital Clause of the Memorandum of Association will be amended to reflect this change. The record date for the split will be announced later, and the action is expected to be completed within 2-3 months of shareholder approval.
The strong quarterly results (revenue surge and swing to profit) signal a major turnaround for the company, which posted a full-year loss in FY25. The proposed 1:10 stock split should lower the per-share price significantly, potentially boosting trading liquidity and retail participation, but it is subject to shareholder approval at the upcoming AGM.