Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Space Incubatrics Technologies has informed that at the meeting of the Board of Directors of the Company held on 16th December, 2021, resignation of Mahesh Chand Mittal as Executive Director of the Company with effective from close of Business hours of 16.12.2021 was noted; Fixing Remuneration of Nishant Mittal (DIN:02766556) as Managing Director with effective from 16.12.2021, as per recommendation made by the Nomination and Remuneration Committee, not exceeding of Rs 60.00.000 PA including perks, subject to the approval of Shareholders in ensuing General meeting of the Company; Audit Committee is reconstituted with effective from 16.12.2021.
The above information is a part of company’s filings submitted to BSE.
