Nature of the Disclosure

Regulatory disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, containing a Postal Ballot Notice seeking shareholder approval for the appointment of an Independent Director.

Key Quantitative Figures & Dates

  • Cut-off Date for Shareholder Eligibility: October 19, 2026
  • Remote E-Voting Commencement: Friday, October 23, 2026, from 09:00 A.M. (IST)
  • Remote E-Voting Conclusion: Saturday, November 21, 2026, till 05:00 P.M. (IST)
  • Proposed Director Term: Five consecutive years, from October 19, 2026, to October 18, 2031
  • Director's Age: 66 years (Date of Birth: February 19, 1960)

Parties Involved

  • Proposed Director: Mr. Ishwar Subramanian (DIN: 01473535)
  • Scrutinizer: Ms. Varsha V. Shenoy, Practicing Company Secretary (Membership No. FCS 9012)
  • Registrar and Share Transfer Agent (RTA): MUFG Intime India Private Limited (MIIPL)
  • Depositories: National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL)
  • Stock Exchanges: BSE Limited and National Stock Exchange of India Limited

Purpose & Rationale

The purpose is to seek shareholder approval, via a Special Resolution through a postal ballot, for the appointment of Mr. Ishwar Subramanian as an Independent Director. The Board of Directors, on the recommendation of the Nomination and Remuneration Committee, appointed him as an Additional (Independent) Director and Chairman of the Audit Committee on October 19, 2026. The Board considers his extensive experience in executive leadership, strategy, corporate governance, and financial stewardship to be valuable for the company.

Director Details & Qualifications

  • Name: Mr. Ishwar Subramanian
  • DIN: 01473535
  • Qualifications: Chartered Accountant; Bachelor of Commerce from Shri Ram College of Commerce, Delhi; attended executive programmes at Stanford University, Harvard University, University of Oxford, and University of Michigan.
  • Experience: Over four decades in senior leadership roles, including former CEO of Akzo Nobel Coatings India and CFO of 3M India Limited. Experience as a private equity investor and technology entrepreneur.
  • Current Directorships (7 Indian Companies): Sheenlac Noroo Coatings India Private Limited, Forum Synergies (India) PE Fund Managers Private Limited, Cerebral Consultancy Services Private Limited, Techcompass Services Private Limited, McElroy Sales and Service India Private Limited, V-Guard Industries Limited, Sheenlac Paints Private Limited.
  • Committee Memberships (at V-Guard Industries Ltd.): Chairman of the Audit Committee and Investment Committee; Member of the Nomination and Remuneration Committee.
  • Shareholding in Indiqube Spaces: Nil
  • Remuneration: Entitled to sitting fees for Board and Committee meetings, as determined by the Board within the limits prescribed under Section 197(5) of the Companies Act, 2013.

Procedural Details

  • The postal ballot notice was dispatched solely by e-mail on October 22, 2026, to members registered as beneficial owners with the depositories as of the cut-off date (October 19, 2026).
  • The notice and explanatory statement are available on the company's website (https://indiqube.com/investor/), the stock exchanges' websites, and MUFG Intime's platform (https://instavote.linkintime.co.in/).
  • The scrutinizer will submit a report on the e-voting process. The results will be announced within two working days after the e-voting concludes and will be displayed on the company's website and at its registered office.
  • The resolution is deemed passed on the last date of e-voting (November 21, 2026) if approved by the requisite majority.

Financial Impact

No direct financial impact is quantified in the disclosure. The director will be compensated via sitting fees, the amount of which is to be determined by the Board within statutory limits.