Intimation received from Mr. Mahesh Chand Mittal under Reg 7(2) of SEBI (PIT), Regulation, 2015.
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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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Mr. Mahesh Chand Mittal, a Promoter of Space Incubatrics Technologies Ltd, sold 10,00,000 equity shares at Rs. 2 per share on the BSE on July 25, 2025. The sale represents 2.89% of the company's paid-up equity share capital and was worth Rs. 20 lakhs in total. After this sale, his holding in the company came down from 28,62,066 shares (8.27%) to 18,62,066 shares (5.38%). The disclosure was filed under SEBI's Insider Trading Regulations on July 28, 2025.
A promoter reducing his stake from 8.27% to 5.38% is a notable reduction and may be viewed negatively by retail investors, as it signals the promoter is exiting part of his position. The very low sale price of Rs. 2 per share (against a face value of Rs. 10) also indicates weak market price and weak investor confidence.