Spice Islands Industries Approves 1:5 Equity Share Split

Spice Islands Industries Limited announced a significant corporate action following a Board of Directors meeting held on July 3, 2026. The board approved the sub-division of equity shares, splitting each share of face value ₹10 into five shares of face value ₹2. This move is subject to shareholder and regulatory approvals. Additionally, the board approved consequential alterations to the Memorandum of Association. Several management changes and appointments were also 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 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.