IndiQube Spaces Limited has announced the addition of a new property spanning approximately 3.9 lakh sq. ft. in Sector 142, Noida, located on the Noida-Greater Noida Expressway. This 14-floor development marks the company's largest center in the National Capital Region (NCR) and signifies a major step in its North India expansion strategy. The move targets the growing demand from technology companies, Global Capability Centers (GCCs), and enterprise occupiers in the corridor.

Strategic Expansion in NCR

The Noida Expressway corridor is emerging as a key office market due to its metro connectivity, proximity to the upcoming Noida International Airport, and access to talent catchments across Noida, Greater Noida, Delhi, and Ghaziabad. By acquiring full buildings and transforming them into integrated work environments, IndiQube aims to build scale in high-growth corridors. This signup allows the company to offer a full-stack workspace solution designed for operational readiness and employee experience.

Management Commentary

Rishi Das, Co-founder & CEO, IndiQube, highlighted that North India is central to the company's next growth phase. He noted that while Bengaluru and southern markets remain foundational, the demand patterns in the NCR are promising. Das stated that the Noida Expressway is becoming a preferred destination for technology enterprises and GCCs, and this property provides the scale to serve this demand.

Meghna Agarwal, Co-founder, IndiQube, emphasized the opportunity to build an experience-led environment from the ground up. She mentioned that enterprises are investing in spaces that shape culture and wellbeing. The large-scale property enables the integration of collaborative zones, wellness spaces, culinary experiences, and the MiQube technology stack into a single campus.

Indiqube Spaces Limited reported its highest-ever annual revenue of ₹1,469 crore for the financial year ended March 31, 2026, reflecting a year-on-year growth of 37%. The company’s profit after tax increased sharply by 145% to ₹125 crore, while EBITDA crossed the ₹300 crore milestone, registering a growth of 60% to ₹301 crore. The strong performance was driven by an increase in rent yielding area to 6.33 million sq. ft. and a steady state occupancy of 88%.

The Board of Directors has decided not to recommend a dividend for FY 2025–26 to preserve resources for strategic investments and future scalability. The company’s EBITDA margin expanded to 21% from 18% in the previous year, and PAT margin improved to 9% from 5%. Cash flow from operations strengthened significantly, increasing 147% year-on-year to ₹304 crore.

The company’s 12th Annual General Meeting (AGM) is scheduled to be held on Wednesday, August 12, 2026, at 10:00 A.M. IST through Video Conferencing. The Annual Report for FY 2025-26 has been submitted to the stock exchanges and is available on the company’s website. The meeting will be conducted without the physical presence of members, complying with the provisions of the Companies Act, 2013, and relevant SEBI regulations.

In compliance with Regulation 36 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company dispatched a communication on July 07, 2026, providing a web link to the Annual Report for the financial year 2025–26 to members whose email addresses are not registered with the company, MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited), Registrar & Share Transfer Agent, or the Depositories. Shareholders holding shares in dematerialised form are requested to update their email addresses and KYC details with their respective Depository Participants to ensure timely receipt of communications.