Indiqube Spaces Limited has announced the allotment of equity shares under its Employee Stock Option Plan 2022, marking a significant development in the company's employee benefit initiatives. The Bangalore-based real estate company completed the share allotment process following regulatory approvals and compliance requirements.

Share Allotment Details

Indiqube Spaces Limited allotted 19,53,646 equity shares of ₹1 each under its Employee Stock Option Plan 2022 on December 22, 2025, following approval from the Nomination Remuneration Committee. The key parameters of this allotment are presented below:

The newly allotted shares will rank pari passu with the existing equity shares of the company in all respects, including dividend entitlements, if any are declared.

Regulatory Compliance and Filing Details

Indiqube Spaces Limited has fulfilled all regulatory requirements under SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company filed the necessary statements with both stock exchanges where its shares are listed:

Company Background and Operations

Indiqube Spaces Limited, formerly known as Indiqube Spaces Private Limited and Innovent Spaces Private Limited, operates from its registered and corporate office located at Plot 453, Careernet Campus, Kariyammanna Agrahara Road, Devarabisanahalli, Outer Ring Road, Bangalore, Karnataka. The company's Corporate Identification Number is L45400KA2015PLC133523.

The ESOP 2022 plan represents the company's commitment to employee participation in its growth story, allowing eligible employees to acquire equity stakes in the organization. This share allotment demonstrates the company's focus on talent retention and employee engagement through equity-based compensation structures.

Transparency and Disclosure

In line with corporate governance practices, Indiqube Spaces Limited has made the allotment information available on its official website at https://indiqube.com/investor/ . This ensures transparency and provides stakeholders with easy access to important corporate developments and regulatory filings.

Indiqube Spaces Limited , a prominent player in the commercial real estate sector, has successfully obtained shareholder approval for its strategic diversification into the solar energy sector. The company's postal ballot process concluded with overwhelming support from shareholders for amending the Memorandum of Association (MOA).

Postal Ballot Results

The postal ballot results, announced on December 13, 2025, showed strong shareholder confidence in the company's expansion plans. Ms. Varsha V Shenoy (FCS: 9012, COP: 10499), the appointed scrutinizer from VVS and Associates, submitted the voting report confirming the resolution's passage.

Approved Business Expansion

The special resolution approved the amendment to include comprehensive solar energy activities in the company's business scope. The new object clause enables Indiqube Spaces to engage in:

• Generating, designing, developing, and manufacturing solar energy systems
• Producing, assembling, distributing, and servicing solar panels and hybrid solar solutions
• Installing and commissioning rooftop solar photovoltaic (PV) systems and solar thermal systems
• Providing turnkey solutions for residential, commercial, and industrial applications
• Offering EPC (Engineering, Procurement, and Construction) services for solar projects

Voting Process Timeline

The e-voting process was conducted through the National Securities Depository Limited (NSDL) platform, ensuring transparency and accessibility for all eligible shareholders.

Strategic Implications

The Board of Directors had approved this proposal as part of the company's business diversification strategy and future expansion plans. With the overwhelming shareholder approval of 99.99%, Indiqube Spaces can now proceed with its entry into the renewable energy sector.

This diversification aligns with India's ambitious renewable energy targets and positions the company to capitalize on the growing solar energy market. The approval significantly broadens Indiqube Spaces' operational scope beyond its traditional commercial real estate business.

Regulatory Compliance

The postal ballot was conducted in accordance with Section 110 read with Section 108 of the Companies Act, 2013, and various circulars issued by the Ministry of Corporate Affairs. The company ensured full compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, under Regulation 44.