The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nishant Mittal
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Nishant Mittal, a member of the promoter group of Space Incubatrics Technologies Ltd, sold 5,83,254 equity shares representing 1.69% of the company's paid-up capital on August 12, 2025. The shares were sold in the open market at Rs. 2 per share, which is well below the Rs. 10 face value. After this sale, Mr. Mittal's individual holding is NIL, while the combined promoter and PAC holding reduced from 14.72% to 13.04%. The company's total equity share capital is Rs. 34.61 crore (3.46 crore shares of Rs. 10 each).
A promoter fully exiting his personal stake at a steep discount to face value (Rs. 2 vs Rs. 10) may raise concerns about promoter confidence and the stock's market valuation. Shareholders should monitor any further selling by the promoter group.