Space Incubatrics Technologies Ltd Board Approves Resignations of Two Directors
The Board of Directors of Space Incubatrics Technologies Limited approved the resignation of two directors, Mr. Rajender Parsad and Mr. Umesh Kumar, during a meeting held on April 17, 2026. The resignations were accepted with immediate effect, citing personal and unavoidable reasons for the departures.During the board meeting, the company formalized the resignations of both directors, affirming that the departures were based on reasons provided by the concerned individuals and no other material reasons exist.
The Board approved Mr. Rajender Parsad’s resignation from the post of Executive Director, effective April 17, 2026. Mr. Parsad resigned from the Board of Directors and various Board Committees due to personal and unavoidable reasons. His profile confirms that he holds a directorship in Johnson Pharmacare Limited in a Professional category.
Separately, the Board also approved the resignation of Mr. Umesh Kumar, who stepped down as Non-Executive and Non-Independent Director, also effective April 17, 2026. Like Mr. Parsad, Mr. Kumar cited personal and unavoidable reasons for his departure. His profile indicates a directorship in Johnson Pharmacare Limited (Professional category).
The key details regarding the two director resignations and their respective roles are summarized below:
| Director Name | Designation | Date of Resignation | Reason for Resignation | Other Directorships |
|---|---|---|---|---|
| Mr. Rajender Parsad | Executive Director | 17.04.2026 | Personal and unavoidable reasons | Johnson Pharmacare Limited (Professional) |
| Mr. Umesh Kumar | Non-Executive & Non-Independent Director | 17.04.2026 | Personal and unavoidable reasons | Johnson Pharmacare Limited (Professional) |
The resignations were formally noted by the Board of Directors, with Parul Agrawal, Additional Director, acting on behalf of the Board of Directors of Space Incubatrics Technologies Limited.
Stock Price Movement
As of 15:22, Space Incubatrics Technologies Ltd shares are edging higher, currently trading at ₹0.21, up 5.00%. Throughout the trading session, the stock fluctuated within an intraday range between ₹0.20 and ₹0.21.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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