Announced Sat, 11 Apr · 13:20 IST

Intimation Pursuant to Regulation 31A (8) of the SEBI (Listing obligation and Disclosure Requirements) Regulation 2015 (Listing Regulations ) and Amendment thereto

Promoter Stake Sell 1pctOwnership Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
-11.1%1-day move
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AI summary

Space Incubatrics Technologies received BSE approval on April 10, 2026, to reclassify 6 individuals and entities (Mahesh Chand Mittal, Nishant Mittal, Satya Prakash Mittal, Suman Mittal, Rashi Mittal, and Mahesh Chand Mittal HUF) from the Promoter and Promoter Group category to the Public category. The company filed its application on October 17, 2025, and the reclassification has been completed. Notably, these 6 entities collectively held only 92 shares, representing a negligible percentage of the company's paid-up capital. The reclassification means these persons are no longer considered promoters for regulatory and disclosure purposes.

Likely market impact

Since the reclassified entities held virtually no shares (0.00%), the impact on the company's promoter holding percentage and overall shareholding structure is negligible. However, the reclassification reduces the number of entities classified as promoters, which could affect future disclosure thresholds and creeping acquisition monitoring.