Indiqube Spaces Board Approves Up to ₹35 Crore for 49% of SaiEdge Realty and Changes Independent Directors
- Mergers & acquisitions
- Real Estate
Indiqube Spaces Limited has told the exchanges that its board, at a meeting on 19 Oct 2026 from 3:52 p.m. to 5:06 p.m., approved an investment of up to ₹35 crore, in one or more tranches, in SaiEdge Realty Private Limited by subscribing to its equity shares or convertible securities for up to 49% of its share capital on a fully diluted basis. The investment is subject to definitive agreements being signed.
The board also took on record the resignation of Mr. Avalur Gopalaratnam Muralikrishnan as an independent director from the close of business on 19 Oct 2026, and appointed Mr. Ishwar Subramanian, a chartered accountant, as an additional director in the independent category from 19 Oct 2026. It recommended him for a five-year term to 18 Oct 2031, not liable to retire by rotation, subject to shareholder approval by postal ballot.
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