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.

Indiqube Spaces Limited , a leading integrated tech-enabled workspace solutions provider, has announced robust financial results for the first quarter of fiscal year 2026, marking its debut quarterly report as a publicly listed company.

Financial Highlights

The company reported significant year-over-year growth in its IGAAP-equivalent financial metrics for Q1 FY26:

• Revenue increased by 27% to ₹313.00 crore
• EBITDA nearly doubled to ₹65.00 crore, up from ₹33.00 crore
• Net profit surged by 303% to ₹18.50 crore, compared to ₹4.60 crore in Q1 FY25

Notably, 98% of the company's revenue is recurring, indicating a strong and stable foundation for future growth.

Operational Performance

Indiqube Spaces demonstrated solid operational growth:

• Area Under Management (AUM) expanded to 8.70 million sq. ft., up from 7.76 million sq. ft. in Q1 FY25
• Seat capacity increased to 193,000 seats
• Portfolio now includes 120 properties across 15 cities in India
• Healthy occupancy rate of 85%

The company has also expanded its geographical presence, entering two new cities - Kolkata and Mohali.

Strategic Developments

Rishi Das, Co-founder & CEO of Indiqube Spaces, highlighted the company's recent milestone: "On July 30, 2025, Indiqube got listed on the Indian stock exchanges, marking a landmark moment in our ten-year journey."

Meghna Agarwal, Co-founder, emphasized the company's focus on technology and sustainability:

• The in-house MiQube app has surpassed 83,000 downloads
• Commissioned the first phase of a 20 MW group solar farm, generating over 9.80 lakh units of green power in June
• Achieved monthly energy cost savings of ₹68.00 lakh
• 29 centers are now green-certified

Corporate Actions

The Board of Directors approved several key actions:

1. Appointment of Singhvi Dev and Unni LLP as Internal Auditors for FY 2025-26
2. Changes in designation for senior management personnel:
   • Vikas Kumar Agrawal promoted to Head of Investor Relations
   • Bhavna Srivastava and Dinesh Jayaraj promoted to General Managers of Workspace Planning
3. Issuance of a Postal Ballot Notice for shareholder approval on:
   • Reclassification of Authorized Share Capital
   • Ratification of the "Indiqube- Employee Stock Option Plan 2022"
   • Adoption of new Articles of Association

Market Position

Indiqube Spaces has solidified its position as a market leader in the flexible workspace segment, with a strong focus on technology integration and sustainable practices. The company's CRISIL 'A+' (Stable) rating reaffirms its financial strength and stability.

As the company continues to expand its footprint and enhance its offerings, it appears well-positioned to capitalize on the growing demand for flexible and tech-enabled workspace solutions in India's evolving commercial real estate market.