Indiqube Spaces Limited , a prominent player in the commercial workspace leasing sector, has reported record financial results for the first half of FY26, showcasing significant growth in revenue and profitability.

Financial Performance

Indiqube Spaces achieved its highest half-yearly revenue of ₹668.00 crores in H1 FY26, marking a 33% increase from ₹503.00 crores in H1 FY25. The company's performance highlights include:

For Q2 FY26 specifically, the company reported:

• Revenue: ₹354.00 crores (38% growth)
• PAT: ₹28.00 crores (260% growth)

Operational Highlights

• Expanded footprint to 16 cities with 125 centers
• Total area under management: 9.14 million square feet
• Overall occupancy rate: 87% across the portfolio
• Operating cash flows improved to ₹151.00 crores
• 96% of revenue is recurring

Key Client Wins

1. Secured a 1.40 lakh sq.ft. workspace lease to the world's largest asset manager in Bangalore
2. Obtained a 68,000 sq.ft. Design Build project in Hyderabad

Outlook

Indiqube Spaces' strong financial performance, coupled with its expanding operational footprint and high-profile client acquisitions, indicates a positive trajectory for the company. The improvement in EBITDA margin and the high percentage of recurring revenue suggest a robust and sustainable business model.

Investors and market watchers will likely continue to monitor Indiqube's growth strategy, particularly its ability to maintain high occupancy rates while expanding its portfolio of managed workspaces across India.

Indiqube Spaces Limited, a prominent player in the commercial real estate sector, has successfully concluded its recent postal ballot, with shareholders giving their nod to three significant resolutions. The e-voting process, which ran from August 16 to September 14, 2025, saw strong participation from the company's stakeholders.

Capital Reclassification Receives Near-Unanimous Approval

The first resolution, seeking approval for the reclassification of authorized share capital and alteration to the capital clause of the Memorandum of Association, received overwhelming support. Out of 183.70 million votes cast, 99.99% were in favor of the resolution. This near-unanimous approval indicates strong shareholder confidence in the company's capital restructuring plans.

Employee Stock Option Plan Ratified

Shareholders also ratified the "Indiqube- Employee Stock Option Plan 2022" with a significant majority. The special resolution garnered 93.35% of the votes in favor, representing 171.50 million votes out of the 183.70 million cast. This approval underscores the shareholders' support for the company's employee incentive programs, which are often crucial for attracting and retaining top talent in the competitive real estate sector.

New Articles of Association Adopted

The third resolution, proposing the adoption of new Articles of Association for the company, also passed comfortably. It received approval from 96.92% of the voting shareholders, with 178.10 million votes cast in favor. This high approval rate suggests that shareholders are aligned with the company's governance framework updates.

Voting Process and Scrutiny

The e-voting process was conducted through the National Securities Depository Limited (NSDL) platform. Ms. Varsha V Shenoy of VVS & Associates, a practicing Company Secretary, served as the scrutinizer for the postal ballot, ensuring the integrity and transparency of the voting process.

Management's Response

Pranav Ayanath Kuttiyat, Company Secretary and Compliance Officer of Indiqube Spaces Limited, confirmed that all resolutions have been duly passed by the members. The company has made the detailed results available on its investor relations website, adhering to regulatory transparency requirements.

Upcoming Investor Engagement

In a separate announcement, Indiqube Spaces Limited disclosed plans for an upcoming investor meeting. Company officials are scheduled to meet with investors and analysts in Singapore on September 19, 2025. This meeting, organized by Ambit Capital, will focus on publicly available information and is part of the company's ongoing investor relations efforts.

The strong shareholder support for these resolutions, coupled with proactive investor engagement, points to a positive outlook for Indiqube Spaces Limited as it continues to navigate the dynamic commercial real estate landscape.