IndiQube Spaces has approved an investment of up to ₹35 crore in SaiEdge Realty for a 49 per cent stake on a fully diluted basis, according to a stock exchange filing.
The investment will be made through the subscription of equity shares and/or convertible securities in one or more tranches.
SaiEdge Realty was incorporated in 2026 and 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.
The proposed investment expands IndiQube’s involvement in the commercial office space segment. The filing did not disclose further details about SaiEdge Realty’s planned projects or the investment timeline.
IndiQube Spaces reports revenue growth in Q1 FY27
IndiQube Spaces reported revenue from operations of ₹423 crore in the first quarter of FY27, up 36.9 per cent year-on-year from Rs 309 crore.
The company’s losses narrowed 35 per cent to ₹23.88 crore, compared with ₹6.75 crore in the corresponding quarter last year.
IndiQube has not yet disclosed its financial results for the second quarter of FY27.
IndiQube appoints Ishwar Subramanian as independent director
Separately, IndiQube’s board accepted the resignation of independent director Avalur Gopalaratnam Muralikrishnan, effective October 19, 2026. The resignation was attributed to health reasons.
The board also appointed Ishwar Subramanian as an additional independent director for a five-year term, subject to shareholder approval.
Subramanian brings more than four decades of professional experience. His previous roles include chief executive officer of Akzo Nobel Coatings India Asia and chief financial officer of 3M India.
Following his appointment, IndiQube reconstituted its audit committee. Subramanian will serve as chairperson, while Sachi Krishana and Rishi Das will serve as members.
The changes mark a board-level transition alongside the company’s proposed investment in SaiEdge Realty.
