Space Incubatrics Technologies Appoints Vijaykr. Rana as New CFO

Space Incubatrics Technologies Limited, a company listed on the Bombay Stock Exchange (BSE), has announced a significant change in its leadership team. The Board of Directors has approved the appointment of Mr. Vijaykr. Rana as the company's new Chief Financial Officer (CFO), effective November 30, 2025.

Key Details of the Appointment

The decision was made during a board meeting held on October 30, 2025, which lasted from 3:15 PM to 4:05 PM IST. The company has confirmed that Mr. Rana is not related to any directors or key managerial personnel of Space Incubatrics Technologies Limited.

About Vijaykr. Rana

Detail	Information
Name	Mr. Vijaykr. Rana
PAN	AFDPR4732E
Date of Birth	March 2, 1981
Educational Qualification	Graduate with higher education in financials
Term of Appointment	5 Years

Mr. Rana brings a strong educational background in finance to his new role, which should prove valuable as he takes on the responsibilities of CFO at Space Incubatrics Technologies Limited.

Additional Board Decisions

In the same board meeting, the company also made several other important decisions:

Appointment and change in designation of Mr. Rajender Parsad (DIN: 10871533) as Executive Director of the Company, effective October 30, 2025.
Approval of a Postal Ballot Notice to be issued to shareholders.
Appointment of M/s. Kirti Sharma & Associates, Practicing Company Secretaries, as scrutinizer for conducting the postal ballot e-voting process.
Approval of shifting the company's registered office to Desk No.A 41 D-9, Ground floor, Sector-3, Noida Gautam Buddha Nagar, Noida 201301.

These changes indicate that Space Incubatrics Technologies Limited is undergoing significant organizational restructuring, potentially aimed at improving operational efficiency and administrative management.

The appointment of Mr. Rana as CFO, along with the other board decisions, suggests that the company is taking steps to strengthen its financial management and overall corporate governance.

Space Incubatrics Technologies Limited has reported a significant turnaround in its financial performance for the quarter ended September 30, 2025, along with a proposal for a stock split to enhance liquidity.

Financial Performance

The company has posted a net profit of ₹955.99 lakh for the quarter ended September 30, 2025, marking a substantial improvement from a profit of ₹4.65 lakh in the previous quarter. For the six-month period, Space Incubatrics Technologies recorded a profit of ₹960.64 lakh, compared to a loss of ₹9.90 lakh in the corresponding period last year.

Here's a breakdown of the key financial metrics:

Particulars	Q2 FY2026 (₹ in lakh)	Q1 FY2026 (₹ in lakh)	H1 FY2026 (₹ in lakh)
Revenue from Operations	2,010.25	-	2,010.25
Other Income	15.02	15.24	30.26
Total Income	2,025.27	15.24	2,040.51
Total Expenses	1,069.28	10.60	1,079.87
Net Profit/(Loss)	955.99	4.65	960.64

The company's total revenue from operations for the six-month period stood at ₹2,010.25 lakh, with a significant increase in the second quarter of FY2026.

Stock Split Proposal

The Board of Directors of Space Incubatrics Technologies has approved a proposal for a stock split. The key details of the proposed split are:

Current face value: ₹10 per share
Proposed face value post-split: ₹1 per share
Split ratio: 1:10 (one existing share will be subdivided into ten shares)

The stock split is subject to shareholder approval and is expected to be completed within 2-3 months following the approval.

Rationale and Impact

The company stated that the primary objective of the stock split is to enhance the liquidity of its shares in the market and make them more affordable for retail investors. This move is expected to broaden the shareholder base and potentially increase trading volumes.

Other Corporate Actions

Along with the financial results and stock split proposal, the Board of Directors has also approved:

An amendment to the Capital Clause of the Memorandum of Association to reflect the changes arising from the proposed stock split, subject to shareholder approval.
The company confirmed that it has not entered into any Related Party Transactions (RPT) for the quarter and half-year ended September 30, 2025.
Space Incubatrics Technologies also clarified that Regulation 32 of SEBI (LODR) Regulations, 2015, regarding the statement of deviation or variation in the use of funds raised through public, rights, or preferential issues, is not applicable to the company as it has not issued any shares through these routes during the period.

Investors and market participants will be closely watching the upcoming shareholder meeting where the stock split proposal will be put to vote. If approved, the split could potentially lead to increased market participation and liquidity for Space Incubatrics Technologies shares.

The company's strong financial performance, coupled with the proposed stock split, signals a positive outlook and a strategic move to enhance shareholder value.