Pursuant to the provisions of Regulation 31A of the SEBI (LODR) Regulations and with reference to our earlier intimation dated October 07, 2025, regarding the request for reclassification ....
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Space Incubatrics Technologies held a board meeting on October 16, 2025, and approved three key items. First, the board approved reclassifying six members of the Mittal family (Mahesh Chand Mittal, Nishant Mittal, Satya Prakash Mittal, Suman Mittal, Rashi Mittal, and Mahesh Chand Mittal HUF) from 'Promoter/Promoter Group' to 'Public' category under SEBI Regulation 31A. Together, these shareholders hold just 92 shares, which is a negligible portion of paid-up capital. Second, the board appointed M/S. V R S K & Associates (FRN 011199N) as Statutory Auditor to fill a casual vacancy for FY 2025-26. Third, the board appointed Ms. Rashi Singhal (ACS24578) as the new Company Secretary and Compliance Officer.
The promoter reclassification is purely procedural since the affected shareholders hold only a negligible number of shares, so it should not materially affect stock price or shareholder structure. The change in auditor and appointment of a new Company Secretary are routine governance housekeeping matters with no significant financial impact.