Space Incubatrics Technologies Limited, a company listed on the Bombay Stock Exchange (BSE: 541890), has announced significant changes to its Board of Directors. The company has appointed four new directors while accepting the resignations of two existing board members, marking a substantial shift in its leadership structure.

New Appointments

The company has made the following appointments to its Board of Directors:

1. Mr. Umesh Kumar (DIN: 07015921) as an Additional Non-Executive Director
2. Mr. Rajendra Prasad (DIN: 10871533) as an Additional Non-Executive & Non-Independent Director
3. Ms. Babita (DIN: 09064124) as an Additional Non-Executive & Independent Director
4. Ms. Parul Agrawal (DIN: 11268580) as an Additional Non-Executive & Independent Director

These appointments are subject to shareholder approval and are valid until the conclusion of the ensuing General Meeting.

Resignations

Simultaneously, Space Incubatrics Technologies has accepted the resignations of:

1. Mr. Mahesh Chand Mittal (DIN: 00284866), Non-Executive Director
2. Mrs. Ankita Garg (DIN: 09252403), Non-Executive & Independent Director

Committee Reconstitution

Following these changes, the company has reconstituted its key committees:

Audit Committee

Nomination and Remuneration Committee

Stakeholder Relationship Committee

Regulatory Compliance

The company has confirmed that all new appointees are not debarred from holding director positions by any regulatory authorities, including the Securities and Exchange Board of India (SEBI) or the Ministry of Corporate Affairs (MCA). This compliance is in line with SEBI regulations and ensures the integrity of the board appointments.

The board meeting that approved these changes was held from 12:20 PM to 1:00 PM at the company's registered office.

These significant changes in the board composition and committee structures may signal a new direction for Space Incubatrics Technologies Limited. Shareholders and market observers will likely be watching closely to see how these new appointments influence the company's strategy and governance in the coming months.

Space Incubatrics Technologies Limited (BSE: 541890) has announced a Board of Directors meeting scheduled for September 20, at the company's registered office in Pawan Puri, Muradnagar, Ghaziabad. The meeting's agenda includes changes in the company's leadership, focusing on the appointment and resignation of a Director, along with other undisclosed matters.

Key Meeting Details

• Date: September 20
• Venue: Registered Office of Space Incubatrics Technologies Limited
• Primary Agenda: Appointment and resignation of a Director

Official Communication

The company has formally notified BSE Limited about the scheduled board meeting through a communication signed by Khushbu Singhal, the Company Secretary and Compliance Officer. This notification, dated September 17, adheres to the company's commitment to transparency and compliance with regulatory requirements.

Company Background

Space Incubatrics Technologies Limited, listed on the BSE with the scrip ID SPACEINCUBA, operates under the CIN: L17100UP2016PLC084473. The company maintains its registered office in Muradnagar, Ghaziabad, Uttar Pradesh.

Implications

While the specific details regarding the Director changes remain undisclosed, such board-level modifications often signal strategic shifts or governance updates within a company. Shareholders and market observers will likely be interested in the outcomes of this meeting, as changes in directorship can potentially influence the company's future direction and operations.

The company has not provided information on any other items on the meeting's agenda, stating only that 'other things' will be discussed alongside the director-related matters.

Investors and stakeholders are advised to await further updates following the board meeting, as the decisions made could have implications for the company's governance structure.