Disclosure u/r 7(2) of SEBI (PIT) Regulation 2015, received from Mr. Nishant Mittal.
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Mr. Nishant Mittal, a promoter of Space Incubatrics Technologies Ltd, sold his entire holding of 5,83,254 equity shares at Rs. 2 per share on August 12, 2025, through a market trade on BSE. This represented 1.69% of the company's paid-up equity share capital, valued at approximately Rs. 11.67 lakh. Post-transaction, Mr. Mittal's holding in the company stands at NIL shares (0%). The disclosure was filed under SEBI PIT Regulation 7(2) and intimated to the stock exchange on August 13, 2025. This marks a complete exit by the promoter from the company's shareholding.
A promoter completely exiting their stake, even if small at 1.69%, can be viewed negatively by retail investors as it signals a lack of confidence from an insider. The low sale price of Rs. 2 against a face value of Rs. 10 also indicates weak market valuation, which may weigh on sentiment.