Spice Islands Industries Ltd

Results and board action

• Board reconvened on Aug 19, 2026 to approve the unaudited standalone results for June 30, 2026.
• Revenue from operations: ₹1,783.05 lakhs; total income: ₹1,871.61 lakhs for the quarter.
• Profit before tax: ₹140.51 lakhs; profit after tax: ₹139.92 lakhs; EPS ₹2.24.
• Segment revenue: EV renting ₹45.94L, Food & Beverages ₹1,485.86L, Hospitality ₹251.26L; total ₹1,783.05L.
• Limited Review Report issued by Giriraj Bang & Co; no material misstatement identified.
• No subsidiary; consolidated results not applicable for quarter ended June 30, 2026.

Regulatory applicability under LODR

• Paid-up capital as of 31 Mar 2026: ₹6.23 crore; net worth: ₹14.02 crore (below thresholds).
• Regulation 23(9) related party disclosures not applicable for quarter ended 30 Jun 2026.
• Regulatory compliance under Regulation 15(2) exemption applies, removing Corporate Governance disclosure requirements.
• No related party transactions disclosure required for the quarter.

Financial results approved

• Unaudited standalone results for quarter ended June 30, 2026 approved.
• Limited Review Report by statutory auditors on June 30, 2026 results.
• Consolidated results not applicable due to absence of subsidiary.

Audit report and compliance

• Auditors issued an unmodified Limited Review Report on the results.
• Results prepared under Ind AS 34 per SEBI LODR Regulation 33.

Board actions and timing

• Board reconvened on August 19, 2026 to approve the results.

AGM Details

• AGM conducted on 07 August 2026 through VC/OAVM.
• Start time 11:30 a.m., end time 12:50 p.m.
• Record date for entitlement: 31 July 2026.
• Postal ballot last date mentioned: 07 August 2026.

Key Resolutions

• Adopt Audited Financial Statements for the year ended 31 March 2026.
• Note interim dividends declared and paid; final dividend to be declared.
• Re-appoint Chirag Chandulal Rajpopat by rotation.
• Appoint Nitu Vishwakarma as Independent Director.
• Stock split: one Rs 10 share into five Rs 2 shares.
• Alter Capital Clause V of MOA due to sub-division.
• Re-designate Sandeep Jamnadas Merchant as MD and Vice Chairman.
• Appoint Huzaifa Habil Khorakiwala as Non-Executive Director and Chairman.
• Appoint Nikhil Saran Mathur as Non-Executive Director.
• Approve material RPT with Faraaz Chapra's entities.
• Approve material RPT with Sandeep Jamnadas Merchant's entities.
• Approve material RPT with Dhaval Girish Chheda's entities.
• Approve formation of joint venture with Peace Mission Private Limited.

Voting Results

• All resolutions passed by requisite majority.
• Total votes polled across all resolutions: 70,923.
• Public attendees via video: 32; promoter attendance: 0.

Dividend Actions

• Interim dividends were declared and paid during FY 2025-26.
• Final dividend on equity shares to be declared.

Director and Management Changes

• Independent Director Nitu Vishwakarma appointed.
• Non-Executive Director Huzaifa Habil Khorakiwala appointed as Chairman.
• Non-Executive Director Nikhil Saran Mathur appointed.
• Sandeep Jamnadas Merchant redesignated as MD and Vice Chairman.

Material Related Party Transactions

• RPT with Faraaz Chapra's entities approved.
• RPT with Sandeep Jamnadas Merchant's entities approved.
• RPT with Dhaval Girish Chheda's entities approved.

Other Corporate Actions

• Stock split approved.
• Alter MOA Capital Clause V approved.
• JV formation with Peace Mission Private Limited approved.

Record date for subdivision

• Record date fixed for subdivision of equity shares (stock split) as approved by shareholders.
• Security type: equity shares.
• Record date: August 28, 2026.
• Split ratio: 1 existing share into 5 new shares of Rs 2 each.
• Approval: equity shareholders at AGM held on 7 August 2026.

Meeting Details

• Board meeting on August 14, 2026 to consider unaudited Q1 FY2026 results for quarter ended June 30, 2026.

Key Agenda Items

• Consider and approve unaudited Q1 FY2026 results for quarter ended June 30, 2026.

Other Notes

• Trading window closes from June 30, 2026 until 48 hours after results declaration.

AGM details

• AGM held on 07 August 2026 at 11:30 IST via VC/OAVM, deemed at registered office.
• Meeting duration 11:30 to 12:50 IST, including 15 minutes for e-voting.
• Cut-off date July 31, 2026; 2,536 shareholders on record.
• Attendance: 32 members attended via VC/OAVM.

Resolutions to be voted

• Ordinary Business 1: Adopt Audited Financial Statements for year ended March 31, 2026.
• Ordinary Business 2: Note interim dividends and declare final dividend for FY2026.
• Ordinary Business 3: Reappoint director by rotation.
• Special 4: Appoint Ms. Nitu Vishwakarma as Independent Director.
• Special 5: Stock split 1 share of Rs 10 into 5 shares of Rs 2.
• Special 6: Alter Capital Clause V after stock split.
• Special 7: Redesignate Sandeep Jamnadas Merchant to MD and Vice Chairman.
• Ordinary 8: Appoint Dr. Huzaifa Habil Khorakiwala as Non-Executive Director and Chairman.
• Ordinary 9: Appoint Mr. Nikhil Saran Mathur as Non-Executive Director.
• Ordinary 10: Approve related party transactions with entities linked to Mr. Chapra.
• Ordinary 11: Approve related party transactions with entities linked to Mr. Merchant.
• Ordinary 12: Approve related party transactions with entities linked to CEO Mr. Dhaval Chheda.
• Special 13: Approve formation of a joint venture with Peace Mission Private Limited.

Voting status

• Combined remote and Instapoll results to be announced within 2 working days of meeting.

Utilisation of funds from preferential issue

• Mode of fund raising: preferential issue via warrants convertible to equity.
• Date of raising funds: warrants issuance and equity conversion.
• Total amount raised: not disclosed in this filing.
• Deviation in use of funds: Not Applicable.
• Original objective: working capital, expansion, general corporate purposes.
• Original allocation: funds earmarked for working capital and corporate purposes.
• Funds utilised to date: None.
• Balance funds: nominal balance remaining.
• Shareholder approvals: Not Applicable.
• Audit committee comments: None.
• Auditors' comments: None.
• Monitoring agency: Not Applicable.
• Status of fund utilisation: Unutilised.
• Deviation table: original vs modified objects not provided.