Space Incubatrics Technologies Ltd — Others, 13-08-2025: Others

Space Incubatrics Technologies has announced its 9th Annual General Meeting on September 6, 2025. For FY2024-25, the company reported revenue of 0.25 Cr (down from 0.45 Cr) and a loss of 0.13 Cr (vs. profit of 0.02 Cr). A strategic pivot towards the Textile Sector and trading activities is underway. Shareholders will vote on selling company property (approx. 0.27 Cr book value) and vehicles (approx. 0.16 Cr book value) to related parties, and approving a 10 Cr related party transaction. The company also seeks approval to increase its investment/loan limits by 40 Cr and to sell its entire undertaking, with proceeds for business expansion or liability settlement. The foreign subsidiary, Sybly International FZE, has been dissolved.