Disclosure received from M/s. Mahesh Chand Mittal HUF u/r 7(2) of PIT Reg, 2015.
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Mahesh Chand Mittal HUF, a promoter of Space Incubatrics Technologies Ltd, sold its entire holding of 6,80,724 equity shares at Rs. 2.10 per share on September 5, 2025, via the open market on BSE. The total transaction value was approximately Rs. 14.3 lakh. After this sale, the promoter's stake in the company has come down to nil (0%) from 1.96% earlier, meaning a complete exit by this promoter entity.
A full exit by a promoter entity, even though small in absolute size (under 2%), is generally viewed negatively by retail investors as it signals loss of promoter confidence. The shares were sold at a very low price (Rs. 2.10 vs face value of Rs. 10), suggesting weak market valuation and limited liquidity.