Spacenet Enterprises Share Price Today

Spacenet Enterprises FY26 promoter holding stands at 15.52%

Spacenet Enterprises India Limited reported a promoter and promoter group holding of 15.52% for FY26. The company confirmed no encumbrance of shares during the financial year ended March 31, 2026.

Spacenet Enterprises shareholders approve capital increase and QIP

Spacenet Enterprises India Ltd shareholders have approved the alteration of the object clause, an increase in authorised share capital, and a proposal to issue equity shares via QIP. They also appointed Mr. Deenadayal Tripurasetty as an independent director. The resolutions were passed through a postal ballot process that concluded on June 12, 2026.

Spacenet Enterprises Chairman Dr. S. Ravi resigns effective June 1, 2026

Dr. S. Ravi has resigned as Non-Executive Non-Independent Director and Chairman of Spacenet Enterprises India Limited effective June 1, 2026, due to personal reasons. The resignation was disclosed to the National Stock Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Spacenet declares interim dividend of ₹0.10 per share

Spacenet Enterprises India Limited has declared an interim dividend of ₹0.10 per equity share for FY26, with June 5, 2026, set as the record date. Payments will be made electronically, and TDS will be deducted based on shareholder status and documentation.

Spacenet Enterprises Issues Postal Ballot Notice for Capital Hike, MOA Amendment & ₹200 Cr Fund-Raise

Spacenet Enterprises India Limited, following its Board meeting on May 06, 2026, issued a formal Postal Ballot Notice on May 12, 2026, with remote e-voting scheduled from May 14 to June 12, 2026 (cut-off date: May 08, 2026). Shareholders are being sought for approval on four key resolutions: increase in authorized share capital from ₹65,00,00,000 to ₹100,00,00,000, fund-raising of up to ₹200.00 Crores via QIP/ADR/GDR/FCCB, MOA amendments to include renewable energy and EV businesses, and appointment of Mr. Deenadayal Tripurasetty (DIN: 10200896) as Independent Director for five years. The board also reconstituted its key committees with Mr. Tripurasetty chairing the Audit, Stakeholders Relationship, and Risk Management Committees.

Spacenet Enterprises India Limited Announces Cessation of Independent Director Following Term Completion

Spacenet Enterprises India Limited announced the cessation of Independent Director Mr. Prathipati Parthasarathi effective 29th April, 2026, upon completion of his five-year term that began on 30th April, 2021. The company had proposed his reappointment through postal ballot, but shareholders did not approve the proposal. The cessation was announced in compliance with SEBI Regulation 30, with the company confirming no other material reasons beyond term completion and non-approval of reappointment.