Notice of Postal ballot
Price
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Awaiting price reaction for this filing.
Space Incubatrics Technologies Ltd has issued a postal ballot notice dated 30 October 2025 seeking shareholder approval through e-voting (3 November to 2 December 2025) on six items. The key proposal is a stock split, sub-dividing each equity share from face value of Rs. 10 into 10 equity shares of Re. 1 each, which will increase the share count tenfold without changing the overall capital. The company's current paid-up capital is Rs. 34.60 crore divided into 3.46 crore shares, and authorized capital is Rs. 42 crore divided into 4.20 crore shares of Rs. 10 each. Additionally, four directors — Mr. Umesh Kumar (Non-Executive), Mr. Rajender Parsad (Executive), and Independent Directors Ms. Parul Agrawal and Ms. Babita — are being regularized for 5-year terms. The stated purpose of the stock split is to improve liquidity, broaden the shareholder base, and make shares more affordable for retail investors.
If approved, shareholders will hold 10 times more shares at one-tenth the price per share, with no change in total investment value or voting rights. Lower per-share pricing could improve retail participation and trading liquidity. The director appointments are routine regularizations and unlikely to affect the stock price on their own.