Disclosure u/r 7(3) of SEBI (PIT), Regulation 2015, received fro Mr. Mahesh Chand Mittal
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Mr. Mahesh Chand Mittal, a Promoter of Space Incubatrics Technologies Ltd, has sold his entire holding of 18,62,066 equity shares (5.38% of paid-up capital) at Rs. 2 per share on the BSE on August 12, 2025. Total transaction value comes to approximately Rs. 37.24 lakh. Post-sale, the promoter's shareholding in the company stands at NIL (0%), indicating a complete exit by this promoter. The disclosure was filed under SEBI's Prohibition of Insider Trading Regulations, 2015.
This is a significant negative signal — a promoter fully exiting his stake (from 5.38% to 0%) can dent investor confidence and may put short-term pressure on the stock price. Existing shareholders should watch for any further promoter activity or changes in shareholding pattern.