Indiqube Spaces Announces Key Appointments and Releases Financial Results for March Quarter

Indiqube Spaces Announces Key Appointments and Releases Financial Results for March Quarter​

Indiqube Spaces Ltd announced key corporate governance decisions and released financial results following its Board of Directors meeting held on May 20, 2026. The board meeting approved the company's audited standalone results for the quarter and financial year ended March 31, 2026.

In terms of governance, the board approved the appointment of Mr. Bhasker Dubey, a qualified Company Secretary, as the Company Secretary and Compliance Officer, effective from May 20, 2026.

Additionally, the board approved the appointment of M/s. VVS and Associates, Company Secretaries in Practice, as the secretarial auditors for a term of five consecutive financial years, commencing from April 01, 2026, till March 31, 2031, subject to shareholder approval. The company also approved the re-appointment of Singhvi Devi and Unni LLP, Chartered Accountants, as the internal auditors for the financial year 2026-27.

The board also approved the revised list of authorized persons for determining materiality for disclosures, effective May 20, 2026:

Financial Performance Highlights​

The company released comprehensive financial statements, including the Statement of Profit and Loss, Balance Sheet, and Cash Flow Statements, providing a detailed look at its performance for the period ending March 31, 2026, compared to previous years.

According to the Statement of financial results, the Total Income for the year ended March 31, 2026, was 15,275.19 million. Expenses for the year reached 16,631.65 million, leading to a Total comprehensive loss for the year of 1,054.18 million.

The financial statements show a significant increase in Total assets, which stood at 6,203.48 million as at March 31, 2026, compared to 2,100.87 million as at March 31, 2025. Total equity and liabilities grew to 65,113.98 million.

The Statement of cash flows for the year ended March 31, 2026, showed net cash generated from operating activities of 9,203.85 million. The net increase in cash and cash equivalents for the year was 55.22 million.

Initial Public Offering Utilization​

The company provided a detailed summary regarding the utilization of proceeds from its Initial Public Offering (IPO). The total planned utilization amount was 6,044.59 million, resulting in 2,306.38 million utilized up to March 31, 2026, and 3,738.21 million unutilized as at the end of that period.

The breakdown of planned versus utilized funds is as follows:

INDIQUBE Stock Price Movement​

As of 9:19 AM, shares of Indiqube Spaces Limited are shedding 0.60% in live trading, dipping ₹1.04 to reach ₹172.48. The stock registers a notable intraday total traded volume of 52,998 shares as market activity continues.