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Spacenet Enterprises India Limited
8 articles
Spacenet Enterprises India Limited concluded fiscal year 2026 with a consolidated net profit of ₹1,406.16 lakhs, prompting the board to declare a 1% interim dividend of ₹0.01 per share. Simultaneously, Spacenet and other promoters of String Metaverse are undertaking Offer for Sales (OFS) to reduce their holdings and comply with minimum public shareholding requirements, divesting a combined 6.55% stake. These actions reflect a focus on shareholder returns and regulatory adherence, potentially signaling a shift in ownership structure within the String Metaverse ecosystem and highlighting the ongoing need for promoters to meet SEBI’s public float mandates.
Spacenet Chairman S. Ravi Resigns Effective June 2026
Dr. S. Ravi resigns as Non-Executive Non-Independent Director and Chairman of Spacenet Enterprises due to personal reasons effective June 1, 2026.
The resignation was formally intimated to NSE under S
Spacenet Declares 1% Interim Dividend for FY26
Spacenet Enterprises declared a 1% interim dividend of ₹0.01 per share for FY 2025-26, with a record date of June 5, 2026.
The communication details extensive TDS withholding rules for resident and no
Spacenet Enterprises Declares 1% Interim Dividend
Spacenet Enterprises declared a 1% interim dividend of ₹0.01 per share for FY 2025-26.
The board fixed June 5, 2026 as the record date for determining shareholder eligibility.
Dividend payment will be
Spacenet Enterprises Declares 1% Interim Dividend
Board approved audited standalone and consolidated financial results for FY26 and Q4 March 2026.
Declared an interim dividend of Rs. 0.01 per share (1%) for FY 2025–26.
Fixed record date for dividend
Spacenet Enterprises FY26 Net Profit ₹1406 Lakhs
Board approved audited standalone and consolidated financial results for FY26 ended March 31, 2026, showing consolidated net profit of ₹1,406.16 lakhs.
Declared an interim dividend of 1% (₹0.01 per eq
Spacenet Sells 2.58% Stake in String Metaverse
Spacenet Enterprises sold 30 lakh String Metaverse shares via OFS on April 21-22, 2026 to meet minimum public shareholding norms.
The sale reduced Spacenet's promoter group holding in String Metaverse
String Metaverse Promoters Sell 3.27% via OFS
Spacenet Enterprises and other String Metaverse promoter group members announce an Offer for Sale of 38.1 lakh shares (3.27% stake) to achieve minimum public shareholding.
The OFS has a floor price of
String Metaverse Promoters OFS 3.27% Equity
Promoter group of String Metaverse Limited announces an Offer for Sale of up to 38.10 lakh shares (3.27% equity) via BSE's OFS mechanism.
The OFS, scheduled for April 21-22, 2026, aims to achieve mini