SPICE ISLANDS APPARELS LTD.-$

Spice Islands Industries Limited has entered into a Hotel Lease & Operating Agreement with Ladhu kara Charities for 'The Ocean Prime' hotel in Dwarka, Gujarat. The agreement, effective July 1, 2026, is for a period of 11 months and 29 days, concluding on June 30, 2027. This move aims to expand the company's hospitality business, strengthen its presence in the sector, and create new revenue streams. The hotel features 26 rooms and restaurant facilities. The monthly lease rent is ₹3,00,000 with a 10% annual escalation, and a security deposit of ₹50,00,000 is payable. The transaction is with an unrelated party.

Spice Islands Industries Ltd has announced the closure of its trading window for dealing in equity shares. This closure is effective from the close of business hours on June 30, 2026, and is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The window will reopen 48 hours after the declaration of the Unaudited Financial Results for the first quarter ended June 30, 2026. The specific date for the Board of Directors' meeting to approve these results will be communicated separately. This measure is standard practice to prevent insider trading during the sensitive period leading up to financial result announcements.

Spice Islands Industries Limited has approved the execution of an Agreement-cum-Memorandum of Understanding (MOU) with Erva Food and Beverages Private Limited. The MOU covers manufacture, bottling, packaging, supply, and marketing of Packaged Drinking Water, Club Soda, Flavoured Soda, and allied products. The company's CEO, Mr. Dhaval G. Chheda, has been authorized to finalize and sign the agreement. Erva Food and Beverages is not related to Spice Islands' promoters or group companies, and the transaction is not considered a related party transaction. The agreement is based on mutually agreed commercial terms and does not confer special rights on either party.

Spice Islands Industries Ltd announced the appointment of Dr. Huzaifa Habil Khorakiwala as Additional Director (Non-Executive) and Non-Executive Chairman, effective June 10, 2026. The Board also appointed Mr. Nikhil Saran Mathur as an Additional Director (Non-Executive). Both appointments are subject to shareholder approval. Dr. Khorakiwala is known for his humanitarian work and leadership at Wockhardt Foundation. The company confirmed neither appointee is debarred by SEBI or any other authority.

Spice Islands Industries Ltd announced the outcome of a circular resolution passed by its Board of Directors on June 10, 2026. The board approved the appointment of Dr. Huzaifa Habil Khorakiwala as an Additional Director (Non-Executive) and Non-Executive Chairman, effective June 10, 2026. Additionally, Mr. Nikhil Saran Mathur was appointed as an Additional Director (Non-Executive). Both appointments are subject to shareholder approval. The company confirmed that neither appointee is debarred from holding a director's office. Dr. Khorakiwala brings extensive experience from Wockhardt Limited and the Wockhardt Foundation.

Spice Islands Industries Ltd has approved the execution of a Joint Venture Agreement with The Peace Mission Private Limited to form a strategic business collaboration. Spice Islands will hold a 60% stake in the venture, which will focus on the development, manufacturing, branding, marketing, distribution, and commercialization of a functional wellness beverage product under the brand name "PEACE ROGERS". The initial product line will feature a 210 ml fortified functional wellness beverage with ingredients like Vitamin C, D3, B12, Spirulina, and ORS. This move signifies Spice Islands' expansion into the high-growth functional wellness beverage segment.

Spice Islands Industries Ltd has announced the execution of a Joint Venture Agreement with The Peace Mission Private Limited to form a strategic business collaboration. The JV will focus on the development, manufacturing, branding, marketing, distribution, and commercialization of a functional wellness beverage under the brand name "PEACE ROGERS". Spice Islands Industries will hold a 60% stake in the venture, contributing to funding, allocations, and profits, while Peace Mission Private Limited will hold the remaining 40%. The initial product will be a 210 ml fortified functional wellness beverage with ingredients like Vitamin C, D3, B12, Spirulina, and ORS. This move marks Spice Islands' expansion into the high-growth functional wellness beverage segment.

The Board of Directors of Spice Islands Industries Limited has recommended a dividend of ₹0.60 per equity share for the financial year 2025-26, subject to member approval at the Annual General Meeting. The board also approved the audited financial results for the fourth quarter and financial year ended March 31, 2026. The record date for dividend entitlement is fixed as July 31, 2026. Additionally, P. D. Chopda & Co. were re-appointed as internal auditors for FY 2026-27.

Spice Islands Industries Ltd. has reappointed P.D. Chopda & Co., Chartered Accountants, as their internal auditor for the financial year 2026-27, based on the Audit Committee's recommendation and in compliance with Section 138 of the Companies Act, 2013. The Board of Directors also approved the audited financial results for the fourth quarter and financial year ended March 31, 2026, and recommended a dividend of ₹0.60 per equity share, subject to member approval. The record date for dividend entitlement is set for July 31, 2026.

The Board of Directors of Spice Islands Industries Ltd. has recommended a dividend of ₹0.60 per equity share for the financial year 2025-26, subject to member approval at the Annual General Meeting. The record date for determining entitlement to the dividend is set for July 31, 2026. The board also approved the audited financial results for Q4 and the financial year ended March 31, 2026, and re-appointed P. D. Chopda & Co. as internal auditors for FY 2026-27.