IndiQube Spaces to Invest Rs 35 Crore in SaiEdge Realty
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Harshita Agrawal
- October 20, 2026
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 the subscription of equity shares and/or convertible securities in one or more tranches.
SaiEdge Realty to Develop Commercial Office Spaces
Incorporated in 2026, SaiEdge Realty is engaged in developing commercial office spaces. The company has not commenced operations and has no turnover to report.
The remaining stake in SaiEdge Realty will be held by other investors.
IndiQube’s Q1 FY27 Financial Performance
In Q1 FY27, IndiQube Spaces reported a 36.9% year-on-year increase in revenue from operations to Rs 423 crore, compared with Rs 309 crore in the same period last year.
The company’s losses narrowed 35% to Rs 23.88 crore from Rs 36.75 crore in Q1 FY26.
IndiQube has not disclosed its Q2 FY27 financial results yet.
IndiQube Announces Board-Level Changes
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 has over four decades of experience. He previously served as CEO of Akzo Nobel Coatings India Asia and CFO of 3M India.
Following his appointment, IndiQube reconstituted its audit committee, with Subramanian as chairperson and Sachi Krishana and Rishi Das as members.
FAQs
1. How much will IndiQube Spaces invest in SaiEdge Realty?
IndiQube Spaces has approved an investment of up to Rs 35 crore in SaiEdge Realty.
2. What stake will IndiQube acquire in SaiEdge Realty?
The investment will give IndiQube a 49% stake in SaiEdge Realty on a fully diluted basis.
3. What does SaiEdge Realty do?
SaiEdge Realty develops commercial office spaces. Incorporated in 2026, it has not commenced operations and has no turnover to report.
4. How did IndiQube perform financially in Q1 FY27?
Revenue from operations increased 36.9% year on year to Rs 423 crore, while losses narrowed 35% to Rs 23.88 crore.
5. Who has IndiQube appointed as an additional independent director?
IndiQube has appointed Ishwar Subramanian for a five-year term, subject to shareholder approval. He previously served as CEO of Akzo Nobel Coatings India Asia and CFO of 3M India.
