Spacenet Enterprises India Limited (SPCENET)
₹3.20 +2.56% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Spacenet Enterprises' revenue was ₹48.9 Cr (-8.5% year on year, +8.0% on the previous quarter), and net profit ₹13.8 Cr (+258.3% year on year); the operating margin was -1.8%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹48.9 | -8.5% | +8.0% |
| Operating profit | ₹-0.9 | to loss | to loss |
| Net profit | ₹13.8 | +258.3% | +207.2% |
| EPS (₹) | 0.23 | +228.6% | +187.5% |
| Operating margin | -1.8% | — | — |
SPCENET delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 84.95% of the SPCENET shares traded on NSE were taken to delivery, against the stock's own 20-session average of 75.27%. That is higher than usual for this stock. Turnover was only ₹18 lakh, so a handful of trades can move this figure. It closed at a price band (circuit) on 1 session in about the last 20.
Delivery in the last 5 sessions: 82.9% · 81.8% · 83.0% · 82.7% · 85.0%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Spacenet Enterprises India Limited submitted its Scrutinizer's Report for the 16th Annual General Meeting held on September 29, 2026. Shareholders approved all 6 resolutions with near-unanimous majorities, including enabling approval for raising funds through permissible modes with 100% votes in favor. Additionally, material related-party transactions were approved with 99.98% votes in favor, while 21,54,17,454 votes abstained from interested parties. Financial statements and director appointments were also ratified.
- Enabling special resolution for raising funds through permissible modes passed with 100% of votes cast in favor (22,86,46,265 votes).
- Material related-party transactions approved with 99.98% in favor (1,32,26,511 votes) and 21,54,17,454 votes abstained/invalid.
- Adoption of Audited Standalone and Consolidated Financial Statements approved with 99.9999% votes in favor.
- AGM concluded via Video Conferencing on September 29, 2026, with cut-off date September 22, 2026.
Spacenet Enterprises has responded to an NSE query regarding a mismatch in the Standalone EPS reported in its XBRL filing for Q1 results submitted on 14 August 2026. The company stated that the issue was purely a clerical/typographical data entry error during XBRL uploading. It confirmed there is no change to the financial results originally approved by the Board and submitted in PDF format. Spacenet has requested permission from the exchange to revise and resubmit the standalone XBRL filing.
- Clarification submitted on 15-09-2026 following NSE email inquiry on the same date
- Pertains to Standalone EPS reported in XBRL for results originally filed on 14 August 2026
- Company confirmed no change in underlying financial results approved by the Board in PDF format
- Requested NSE permission to rework and resubmit revised standalone XBRL file
Spacenet Enterprises India Limited announced that its Nomination and Remuneration Committee approved the re-grant of 6,02,500 employee stock options at an exercise price of Re. 1 per option. These options were issued from the pool of lapsed or forfeited options under the Spacenet Employee Stock Option Scheme 2021. Concurrently, the committee allotted 6,04,500 fully paid-up equity shares of face value Re. 1 each following the exercise of vested options by eligible employees. The meeting was held on September 15, 2026, between 11:00 AM and 11:40 AM IST.
- Re-grant of 6,02,500 Employee Stock Options convertible into an equal number of equity shares of face value Re. 1/- each
- Exercise price set at Re. 1/- per option for the re-granted options
- Allotment of 6,04,500 fully paid-up equity shares of Re. 1/- face value pursuant to option exercises
- Options were re-granted from previously lapsed/forfeited options under the 2021 Scheme
Spacenet Enterprises India Limited announced that its Nomination and Remuneration Committee approved the allotment of 6,04,500 equity shares following the exercise of vested employee stock options at Re. 1/- each. This increases the company's total issued share capital to Rs. 56,83,40,236 divided into 56.83 crore shares. The committee also re-granted 6,02,500 lapsed/forfeited options to four eligible employees at an exercise price of Re. 1/- per share with a minimum one-year vesting period. The dilution from this allotment is immaterial, representing approximately 0.11% of the post-issue paid-up equity base.
- Allotted 6,04,500 equity shares of face value Re. 1/- each upon exercise of ESOPs
- Total issued share capital increases to Rs. 56,83,40,236 (56,83,40,236 equity shares)
- Re-granted 6,02,500 options from lapsed/forfeited pool to four eligible employees at Re. 1/- exercise price
- Re-granted options vest over 4 years (60% at Year 1, 15% at Year 2, 15% at Year 3, 10% at Year 4)
Spacenet Enterprises India Limited's Nomination and Remuneration Committee approved the allotment of 6,04,500 equity shares following the exercise of vested ESOPs at Re 1 per share. Post-allotment, the company's total issued share capital increases marginally to 56,83,40,236 shares (Rs 56.83 Cr). Additionally, the committee re-granted 6,02,500 lapsed/forfeited options to four eligible employees at an exercise price of Re 1 per option. The dilution from the share allotment represents approximately 0.11% of the expanded equity base.
- Allotted 6,04,500 equity shares of face value Re 1 each pursuant to ESOP exercise at Re 1 per share
- Re-granted 6,02,500 lapsed/forfeited options to 4 employees with a 1-year minimum vesting period
- Vesting schedule for re-granted options: 60% after year 1, 15% after year 2, 15% after year 3, and 10% after year 4
- Total issued share capital stands at 56,83,40,236 equity shares (Rs 56.83 Cr) post-allotment
Spacenet Enterprises India Limited announced that its Nomination and Remuneration Committee approved the allotment of 6,04,500 equity shares upon the exercise of vested ESOPs at Re 1 each. Post-allotment, the company's total issued equity share capital stands at Rs 56.83 Cr, comprising 56,83,40,236 shares. The committee also re-granted 6,02,500 lapsed/forfeited options to four employees at Re 1 per share under the Spacenet ESOP Scheme 2021. The equity expansion represents a negligible ~0.11% dilution relative to the total share base.
- Allotment of 6,04,500 equity shares of face value Re 1 each upon exercise of ESOPs
- Total issued share capital increases to Rs 56,83,40,236 divided into 56,83,40,236 equity shares
- Re-grant of 6,02,500 options from lapsed/forfeited pool to four eligible employees at an exercise price of Re 1 per option
- Re-granted options vest over 4 years: 60% after year 1, 15% after year 2, 15% after year 3, and 10% after year 4
Spacenet Enterprises India Limited has submitted its Annual Report for FY 2025-26 along with the notice convening its 16th Annual General Meeting (AGM) on September 29, 2026, via video conferencing. Key resolutions include the adoption of FY26 audited financial statements, the appointment of Mr. Srikanth Tatipaka as a Non-Executive Director, and the re-appointment of Mr. Prathipati Parthasarathi as an Independent Director for a second term. The filing also noted zero new penalties or fines incurred during FY 2025-26 under governance reporting. This is a routine annual compliance and shareholder convening disclosure with no direct immediate operational impact.
- 16th Annual General Meeting scheduled for September 29, 2026, at 2:00 PM IST via VC/OAVM
- Adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026
- Appointment proposed for Mr. Srikanth Tatipaka as Non-Executive Director following his initial board entry on August 14, 2026
- Re-appointment proposed for Mr. Prathipati Parthasarathi as Independent Director beyond the age of 75 years
- Reported zero new fines or regulatory penalties in the annual Integrated Governance filing for FY 2025-26
Spacenet's board has approved an enabling resolution to raise up to ₹500 crore, a significant amount representing approximately 245% of its current market capitalization of ₹204 crore. The company also restructured its leadership, appointing current CFO Mr. Dasigi Venkata Surya Prakash Rao as Chairperson and adding Mr. Srikanth Tatipaka as a Non-Executive Director. Additionally, the board approved Q1 FY27 results and scheduled the 16th Annual General Meeting (AGM) for September 29, 2026. The proposed fundraise indicates a potential major capital infusion for its digital discounting and real estate expansion plans.
- Approved an enabling proposal to raise funds up to ₹500 crore through various permissible modes.
- Proposed fundraise of ₹500 crore is ~2.45x the company's current market capitalization of ₹204 crore.
- Appointed CFO Mr. Dasigi Venkata Surya Prakash Rao as Chairperson of the Board effective August 14, 2026.
- Scheduled the 16th Annual General Meeting (AGM) for September 29, 2026, to seek shareholder approvals.
- Recommended re-appointment of Independent Director Mr. Prathipati Parthasarathi (aged 75+) for a second 5-year term.
Spacenet's board has approved an enabling resolution to raise up to ₹500 Crore through various securities, a massive amount representing approximately 245% of its current market capitalization of ₹204 Crore. The company also designated its current CFO, Mr. Dasigi Venkata Surya Prakash Rao, as the Chairperson of the Board effective August 14, 2026. Additionally, the board approved Q1 FY27 results and recommended the re-appointment of an Independent Director aged over 75. These proposals are subject to shareholder approval at the Annual General Meeting scheduled for September 29, 2026.
- Proposed fundraise of up to ₹500 Crore via permissible modes, subject to shareholder approval.
- Fundraise amount is significantly larger than the current market cap of ₹204 Crore.
- CFO Mr. Dasigi Venkata Surya Prakash Rao appointed as Chairperson effective August 14, 2026.
- 16th Annual General Meeting (AGM) scheduled for September 29, 2026.
- Re-appointment of Independent Director Mr. Prathipati Parthasarathi for a second 5-year term.
Spacenet Enterprises reported a standalone net profit of ₹12.41 Cr for Q1 FY27, a massive increase from ₹0.27 Cr in the same quarter last year, primarily driven by ₹16.62 Cr in 'Other Income'. Revenue from operations actually declined 34.8% YoY to ₹17.57 Cr. Critically, the board approved an enabling resolution to raise up to ₹500 Cr, which is approximately 2.3x the company's current market capitalization of ₹216 Cr. Management also underwent changes with the CFO, Mr. Dasigi Venkata Surya Prakash Rao, being designated as Chairperson.
- Standalone Net Profit surged to ₹12.41 Cr in Q1 FY27 compared to ₹0.27 Cr in Q1 FY26.
- Board approved a massive fundraise proposal of up to ₹500 Cr, representing ~231% of current market cap.
- Other Income of ₹16.62 Cr accounted for the entire pre-tax profit, offsetting a decline in core trading revenue.
- Revenue from operations fell to ₹17.57 Cr from ₹26.93 Cr in the year-ago period.
- CFO Mr. Dasigi Venkata Surya Prakash Rao designated as Chairperson effective August 14, 2026.
Spacenet Enterprises has reconstituted its Audit Committee effective August 12, 2026, to strengthen corporate governance. The committee now consists of three Independent Directors, with Mr. Deenadayal Tripurasetty appointed as Chairperson. This administrative update ensures compliance with SEBI (LODR) Regulations for the company, which has a market capitalization of ₹217 Cr. Given the low promoter holding of 15.52%, independent oversight in the audit committee is a standard but necessary governance requirement.
- Reconstitution of the Audit Committee approved on August 12, 2026, via circular resolution.
- The committee is now comprised of 3 members, all of whom are Independent Directors.
- Mr. Deenadayal Tripurasetty (DIN: 10200896) has been designated as the Chairperson.
- The company reported a TTM revenue of ₹4989 Cr, though recent quarterly revenues (Mar 2026) were significantly lower at ₹45.26 Cr.
Spacenet Enterprises India Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The company's Registrar and Share Transfer Agent (RTA), CIL Securities Limited, confirmed that no requests for dematerialization of shares were received during the quarter ended June 30, 2026. This is a standard procedural filing and does not reflect any change in the company's financial or operational standing.
- Zero requests for dematerialization of shares were received during the quarter ended June 30, 2026
- Compliance certificate issued by RTA CIL Securities Limited on July 13, 2026
- Filing submitted to the National Stock Exchange on July 14, 2026
- The report covers the three-month period from April 1, 2026, to June 30, 2026
Spacenet Enterprises India Limited has announced the closure of its trading window effective July 1, 2026, for all designated persons and their relatives. This is a mandatory regulatory step ahead of the consideration and approval of the unaudited financial results for the quarter ended June 30, 2026. The window will remain closed until 48 hours after the results are officially declared to the exchanges. The specific date for the board meeting to approve these results has not yet been disclosed.
- Trading window closure effective from July 1, 2026
- Closure pertains to the financial results for the quarter ended June 30, 2026
- Window to reopen 48 hours after the declaration of unaudited results
- Applicable to all Designated Persons and their immediate relatives under SEBI regulations
Spacenet Enterprises India Limited has filed its annual disclosure under SEBI Takeover Regulations for the financial year ended March 31, 2026. The promoters and promoter group have declared that no shares were encumbered or pledged, directly or indirectly, during the fiscal year. The total promoter holding stands at 88,104,333 equity shares, which represents 15.52% of the company's total share capital. Key entities within the promoter group include Sri Matha Meenavalli (7.30%) and UM Family Private Trust (7.05%).
- Promoters confirmed zero encumbrance or pledging of shares for the financial year ended March 31, 2026.
- Total promoter and promoter group shareholding is 15.52%, comprising 88,104,333 equity shares.
- Sri Matha Meenavalli holds the largest individual stake within the promoter group at 7.30%.
- UM Family Private Trust (Ganesh Kumar Pilla - Trustee) holds a significant 7.05% stake.
- The disclosure was made in compliance with Regulation 31(4) of the SEBI (SAST) Regulations, 2011.
Spacenet Enterprises India Limited has successfully passed four key resolutions via postal ballot with overwhelming shareholder support. The company secured approval to issue equity shares or other eligible securities through modes including Private Placement or Qualified Institutions Placement (QIP). Furthermore, shareholders approved an increase in the authorized share capital and an alteration to the company's Object Clause, alongside the appointment of Mr. Deenadayal Tripurasetty as an Independent Director.
- Shareholders approved the issuance of equity shares or convertible instruments through QIP or private placement with 99.98% majority.
- Resolution to increase authorized share capital passed with 26,75,68,664 votes in favor (99.99%).
- Alteration of the Object Clause of the Memorandum of Association approved with 100% support (26,75,70,064 votes).
- Appointment of Mr. Deenadayal Tripurasetty as Independent Director confirmed with 99.98% of valid votes.
- The e-voting process concluded on June 12, 2026, with all resolutions passing with the requisite majority.
Financial Performance
Revenue Growth by Segment
Consolidated revenue grew 22.5% YoY to INR 157.05 Cr. The Trading of Agri Commodities segment contributed INR 102.99 Cr (65.6% of total), while Information Technology-related services contributed INR 54.05 Cr (34.4% of total). Service income showed significant acceleration, growing 90.6% YoY in H1 FY26.
Geographic Revenue Split
Primarily India-focused, with corporate headquarters and major operations located in Hyderabad, Telangana. Specific regional percentage splits are not disclosed in available documents.
Profitability Margins
Consolidated PAT margin was 7.75% in FY25, a slight decline from 8.33% in FY24. The IT services segment is significantly more profitable with a 16.5% segment margin compared to 4.5% for the trading segment.
EBITDA Margin
Consolidated EBITDA margin is approximately 9.3% based on a PBDIT of INR 14.60 Cr on revenue of INR 157.05 Cr. The PBDIT/Interest coverage ratio improved significantly from 84.04x to 253.05x YoY.
Capital Expenditure
Historical CapEx for H1 FY26 included INR 1.35 Cr for property, plant, equipment, and intangible assets. Strategic investments in subsidiaries and other ventures totaled INR 56.91 Cr.
Credit Rating & Borrowing
Acuité Ratings assigned a 'Stable' outlook. Borrowing costs are minimal as the company maintains a very low Total Debt/Tangible Net Worth ratio of 0.01x. Total debt is approximately INR 0.99 Cr.
Operational Drivers
Raw Materials
Agricultural commodities (grains, pulses) and non-agricultural commodities (gold, finished/unfinished goods), representing approximately 85% of the trading segment's cost of sales.
Import Sources
Primarily sourced within India from agricultural hubs and commodity markets to support the trading and distribution business.
Key Suppliers
Strategic partnerships with corporate anchors in sectors like FMCG, Agri Commodities, and Light Engineering for the digital invoice discounting platform.
Capacity Expansion
Not applicable for the current trading and service-based model; expansion is focused on scaling platform user base and transaction volumes in the fintech and AI segments.
Raw Material Costs
Purchase of traded goods was INR 88.48 Cr in H1 FY26, representing 86.9% of the trading segment's revenue, indicating a high-volume, low-margin operational model.
Manufacturing Efficiency
Not applicable; service efficiency is measured by platform uptime and transaction processing speed for the Billmart and String Metaverse platforms.
Strategic Growth
Expected Growth Rate
22.50%
Growth Strategy
The company plans to achieve growth by scaling its digital invoice discounting platform (Billmart), expanding into the real estate sector via a new SPV (Spacenet Realty Core LLP), and leveraging AI/ML for its commodities trading tools. The recent preferential issue of equity shares provides the capital needed for these strategic expansions.
Products & Services
Agri-commodities, digital invoice discounting services, blockchain infrastructure, AI-driven trading tools, and real estate management services.
Brand Portfolio
Billmart Fintech, String Metaverse, Spacenet Realty Core.
New Products/Services
Launch of Spacenet Realty Core LLP for real estate development and management; expected to provide flexibility for future REIT/InvIT structures.
Market Expansion
Targeting high-growth tech sectors including Proptech, Embedded Finance, and Artificial Intelligence in FY 2025-26.
Strategic Alliances
Strategic investments and partnerships with Billmart Fintech Pvt. Ltd. and String Metaverse Ltd.
External Factors
Industry Trends
The fintech ecosystem is shifting towards AI/ML integration and GSTN-linked invoice discounting, with the TReDS framework expanding coverage for SMEs. Spacenet is positioning itself to capture this shift through its Billmart investment.
Competitive Landscape
Faces competition from traditional financial institutions and emerging fintech startups in the bill discounting and IT services space.
Competitive Moat
The moat is built on a 'dual-engine' strategy combining traditional agri-commodity trading with high-growth tech investments. This provides early-mover exposure to blockchain infrastructure (String Metaverse), which is sustainable if these platforms achieve commercial scale.
Macro Economic Sensitivity
Highly sensitive to SME credit demand and the rate of digital financial service adoption in India.
Consumer Behavior
Increasing preference for digital-first financial services and automated reconciliation among corporate vendors is driving demand for Spacenet's fintech platforms.
Geopolitical Risks
Trade barriers or export restrictions on agri-commodities could disrupt the supply chain for 65.6% of the company's revenue base.
Regulatory & Governance
Industry Regulations
Operations are governed by the Securities Contracts Regulation Act (SCRA) 1956 for commodity trading and SEBI/RBI regulations for fintech and listed entity compliance. Changes in digital lending norms could increase compliance costs by 5-10%.
Taxation Policy Impact
Subject to standard Indian corporate tax rates; the company reported deferred tax assets of INR 0.19 Cr as of September 30, 2025.
Risk Analysis
Key Uncertainties
The primary uncertainty is the lack of returns from the INR 56.91 Cr invested in strategic ventures (Billmart, Nashville, String Metaverse), which represents 43% of net worth. Failure to scale these ventures could lead to capital impairment.
Geographic Concentration Risk
Revenue is primarily generated within India, with corporate headquarters and major operations located in Hyderabad, Telangana.
Third Party Dependencies
High dependency on corporate anchors for the Billmart invoice discounting platform; the loss of a major anchor could reduce service income by 10-15%.
Technology Obsolescence Risk
Fintech and blockchain models are at risk of being made obsolete by new technologies; the company is countering this by focusing on AI and proptech to stay ahead of the disruption curve.
Credit & Counterparty Risk
Trade receivables increased 54% from INR 30.80 Cr to INR 47.47 Cr in H1 FY26, indicating potential collection risks and a need for tighter credit monitoring.
