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IndiQube Spaces has approved an investment of up to Rs 35 crore in SaiEdge Realty for a 49% stake on a fully diluted basis, according to a stock exchange filing. The investment will be made through a subscription to equity shares and/or convertible securities in one or more tranches. Incorporated in 2026, SaiEdge Realty develops commercial office spaces. The company has not commenced operations and has no turnover to report. The remaining stake will be held by other investors. In Q1 FY27, IndiQube’s revenue from operations rose 36.9% year on year to Rs 423 crore from Rs 309 crore. Its losses narrowed 35% to Rs 23.88 crore from Rs 36.75 crore in the same period last year. The company has not disclosed its Q2 FY27 results yet. Separately, IndiQube’s board accepted the resignation of independent director Avalur Gopalaratnam Muralikrishnan, effective October 19, 2026, citing health reasons. The board also appointed Ishwar Subramanian as an additional independent director for a five year term, subject to shareholder approval. Subramanian has over four decades of experience and previously served as CEO of Akzo Nobel Coatings India Asia and CFO of 3M India. Following the appointment, IndiQube reconstituted its audit committee, with Subramanian as chairperson and Sachi Krishana and Rishi Das as members.
document fetched 2026-10-24 11:25