Spacenet Enterprises FY26 promoter holding stands at 15.52%

spacenet enterprises disclosed a total promoter and promoter group holding of 15.52% for the financial year ended March 31, 2026. The company confirmed that no shares were encumbered by promoters or persons acting in concert during this period, in accordance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The disclosure was submitted to the National Stock Exchange of India Limited on April 6, 2026. The filing detailed the shareholding of individual promoters and promoter group members, highlighting the distribution of equity shares as of the fiscal year-end.

Shareholding Details

The total number of shares held by the promoter and promoter group stood at 88,104,333. Mrs. Meenavalli Usha Rani held the largest individual stake among promoters, while the promoter group holding was primarily driven by Ms. Sri Matha Meenavalli and the UM Family Private Trust.

Name of Promoter and Promoter Group	Category	Number of Equity Shares	% of Shareholding	% of Total Diluted Share/Voting Capital
Mr. Venkat Srinivas Meenavalli	Promoter	0	0.00	0.00
Mrs. Meenavalli Usha Rani	Promoter	6480946	1.14	1.14
Mr. Meenavalli Krishna Mohan	Promoter	80786	0.01	0.01
Mrs. M V Laxmi	Promoter	74428	0.01	0.01
Ms. Sri Matha Meenavalli	Promoter Group	41468173	7.30	7.30
Mr. Meenavalli Krishna Mohan	Promoter Group	0	0.00	0.00
Mr. Meenavalli Ganesh	Promoter Group	0	0.00	0.00
UM Family Private Trust (Ganesh Kumar Pilla – Trustee)	Promoter Group	40000000	7.05	7.05
Total		88104333	15.52	15.52

The filing was signed by Monish Jaiswal, Company Secretary & Compliance Officer, and Meenavalli Usha Rani, Promoter, on behalf of the promoters and promoter group.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.45%	-0.60%	-11.41%	-45.87%	-54.06%	+80.54%

Spacenet Enterprises India Ltd has secured shareholder approval to alter its object clause and increase authorised share capital through a postal ballot process that concluded on June 12, 2026. The company also received the green light to raise capital via qualified institutions placement (QIP) and appointed a new independent director. These decisions were taken following the scrutiny of votes cast by members electronically, with no physical postal ballot forms dispatched or received.

The e-voting period, conducted via the Central Depository Services (India) Limited (CDSL) platform, commenced on May 14, 2026, and concluded on June 12, 2026. Balaramakrishna Desina, Proprietor of Balaramakrishna & Associates, served as the scrutinizer for the process. The cut-off date to determine shareholder eligibility was May 8, 2026.

Resolution Results

All four resolutions were passed with the requisite majority. The special resolution to alter the object clause of the Memorandum of Association received 100% of the valid votes cast. The ordinary resolution to increase the authorised share capital was approved by 99.99% of the valid votes.

Resolution	Type	Votes For (%)	Votes Against (%)
Alteration of Object Clause	Special	100.00%	0.00%
Increase in Authorised Share Capital	Ordinary	99.99%	0.01%
Issue of Equity Shares via QIP	Special	99.98%	0.02%
Appointment of Mr. Deenadayal Tripurasetty	Special	99.98%	0.02%

Capital Raise and Appointment

Shareholders approved a special resolution permitting the company to issue equity shares and other eligible securities, including convertible instruments and warrants, through private placement or QIP. This resolution received 99.98% approval, with 58,221 shares voting against it.

In a separate appointment, Mr. Deenadayal Tripurasetty (DIN: 10200896) was appointed as a Director (Non-Executive & Independent) of the company. This special resolution also passed with 99.98% of the valid votes in favour. The scrutinizer's report confirms that the results were declared on June 12, 2026.