Resignation of Rajendra Prasad

Key managerial personnel resignedManagement Changes View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is used-0.6%+6.1% vs market

Computers - Software & Consulting peers, median of 70sector-1.5%+7.1% vs sector

On the reaction day the stock moved 6.1 pts more than Nifty Microcap 250 and 7.1 pts more 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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AI summary

Mr. Rajender Parsad (DIN: 10871533) has resigned from his position as an Additional & Non-Executive Director of Space Incubatrics Technologies Ltd, effective 17th April 2026. His personal resignation letter also mentions resigning as Executive Director. The resignation cites personal and unavoidable reasons. The company has confirmed receipt of the resignation and verified that there are no other material reasons beyond those stated. The board meeting to approve this resignation was held on 17th April 2026. Rajender Parsad also holds directorship in Johnson Pharmacare Limited.

Likely market impact

This is a routine board-level change with minimal immediate impact on operations. The resignation of a single director may raise minor governance questions but the company has confirmed no underlying disputes. Shareholders should monitor for replacement appointment.