Spice Islands Approves 1:5 Equity Share Split

Spice Islands Industries Limited's Board of Directors, in a meeting held on July 03, 2026, approved the sub-division of one equity share of Rs. 10/- into five equity shares of Rs. 2/- each. This corporate action is subject to shareholder and regulatory approvals. The board also approved consequential alterations to the Memorandum of Association. Additionally, several management changes were approved, including the re-designation of Mr. Sandeep Jamnadas Merchant to Managing Director and Vice Chairman, and the regularization of appointments for Mrs. Nitu Vishwakarma, Dr. Huzaifa Habil Khorakiwala, and Mr. Nikhil Saran Mathur as Independent/Non-Executive Directors. The board also approved re-appointment of a director retiring by rotation and several related party transactions, including a joint venture for functional wellness beverages.