Disclsore received from Mrs. Suman MIttal under reg 29(2) of SAST Regu, 2011.
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Mrs. Suman Mittal, a promoter of Space Incubatrics Technologies Ltd, sold her entire individual shareholding of 37,61,924 equity shares (10.87% of paid-up capital) on September 5, 2025 through the open market at Rs. 2.10 per share (face value Rs. 10). After the sale, her individual holding is NIL, and her combined holding with persons acting in concert (PAC) has dropped to just 6,80,816 shares (1.96%), down from 12.84% earlier. The total share capital of the company remained unchanged at Rs. 34.60 crore comprising 3.46 crore equity shares. This is a near-complete exit by a promoter at a price well below face value.
This is a significant promoter exit — selling over 10% stake at Rs. 2.10 (far below the Rs. 10 face value) suggests distress or loss of confidence, and is a negative signal for shareholders. The promoter group's effective holding has collapsed to barely 1.96%, raising governance and minority-investor concerns.