Spacenet Enterprises India Limited — Board Meeting, 12-08-2025: Outcome of Board Meeting

Spacenet Enterprises' board has approved the financial results for the quarter ended June 30, 2025. Consolidated revenue hit ₹53.39 Cr, with profit at ₹3.84 Cr. A major strategic shift is underway, with the board greenlighting changes to the Memorandum of Association to enter diverse new businesses: HR management, software development (HRMS, ERP), tech training, and HR consulting, pending shareholder approval. The 15th Annual General Meeting is set for September 29, 2025, where shareholders will vote on these significant strategic proposals and material related party transactions. Also, M/s Bhanumurali & Co. were re-appointed as Internal Auditors for FY25-26 and FY26-27 following inputs from the Audit Committee.