As per Reg 30 of SEBI (LODR), Reg 2015, has proposed to re0-appoint or Mr. Nishant Mittal, retire by rotation.
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Space Incubatrics Technologies has informed the stock exchange that its Board, at the meeting held on August 11, 2025, has proposed to re-appoint Mr. Nishant Mittal (DIN: 02766556) as a Director. The proposal, recommended by the Nomination and Remuneration Committee, will be placed before shareholders at the 9th Annual General Meeting scheduled for September 6, 2025. Mr. Mittal is liable to retire by rotation. The company has confirmed he is not debarred from holding a Director's office by SEBI or any other authority.
This is a routine re-appointment under the standard retire-by-rotation provision and is unlikely to affect the stock price or shareholder interests. It reflects normal corporate governance practice rather than any strategic change.