Disclosure received under Reg 29(2) of SEBI (SAST), Regh 2011, received from Mr. Mahesh Chand Mittal, Promoter

Promoter sold over 1%Ownership Changes View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is used+1.5%-1.5% vs market

Computers - Software & Consulting peers, median of 61sector+0.8%-0.8% vs sector

On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 0.8 pts less than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Mr. Mahesh Chand Mittal, a promoter of Space Incubatrics Technologies Ltd, sold 10,00,000 equity shares (2.89% of paid-up capital) in the open market on July 25, 2025, at Rs. 2 per share against a face value of Rs. 10. His individual stake dropped from 8.27% (28.62 lakh shares) to 5.38% (18.62 lakh shares). Combined promoter group holding declined from 22.99% (79.58 lakh shares) to 20.10% (69.58 lakh shares). The disclosure was filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011, as the sale crossed the 2% reporting threshold. The total equity capital of the company remains unchanged at Rs. 34.61 crore (3.46 crore shares of Rs. 10 each).

Likely market impact

Promoter selling at just Rs. 2 per share — far below the Rs. 10 face value — signals weak market price and possible promoter financial stress or loss of conviction. Continued promoter exits in a small-cap stock can weigh negatively on sentiment and liquidity.