Spice Islands Industries Applies for Trading Approval of 19.33 Lakh Equity Shares from Warrant Conversion

Spice Islands Industries Limited has submitted an application to BSE Limited seeking trading approval for equity shares allotted through warrant conversion. The company made this disclosure on March 02, 2026, in compliance with regulatory requirements under SEBI listing regulations. Share Allotment Details The application pertains to trading approval for a significant number of equity shares resulting from warrant conversion. The company has provided specific details about the share allotment to ensure transparency with the exchange and investors. Parameter: Details Number of Shares: 19,33,324 (Nineteen Lakh Thirty Three Thousand Three Hundred Twenty Four) Face Value: Rs. 10/- each Allotment Basis: Conversion of warrants ISIN: IN8882D01016 Corporate Action Completion The company has confirmed that all necessary procedural steps have been completed for the warrant conversion process. The equity shares have been duly credited to the respective beneficiaries' demat accounts, ensuring that the allottees have received their entitled shares. The corporate action for extinguishment of warrants has been completed with the depositories, indicating that the conversion process has been finalized in accordance with regulatory requirements. This step ensures that the original warrants are no longer valid and have been replaced by the corresponding equity shares. Regulatory Compliance Spice Islands Industries has already received listing approval from BSE Limited for these shares and has now applied for the final step of trading approval. The company made this intimation pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The application for trading approval represents the final regulatory step before these shares can be actively traded on the exchange, completing the warrant conversion process for the company's stakeholders. Spice Islands Industries Limited has published its unaudited standalone financial results for the quarter ended December 31, 2025, in newspapers as required under Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company previously announced these results along with an interim dividend declaration following Board approval on February 14, 2026. Regulatory Publication Compliance The company fulfilled its regulatory obligations by publishing the Q3 FY26 unaudited financial results in newspapers on February 15, 2026. The results were published in The Free Press Journal (English) and Nav Shakti (Marathi) to ensure compliance with SEBI disclosure requirements. Publication Details: Information Publication Date: February 15, 2026 English Newspaper: The Free Press Journal Marathi Newspaper: Nav Shakti Regulation: SEBI (LODR) Regulations, 2015 BSE Code: 526827 Board Meeting Outcomes The company's Board of Directors convened on February 14, 2026, from 4:00 p.m. to 9:10 p.m., to consider and approve the quarterly financial results. The meeting resulted in the approval of unaudited standalone financial results for Q3 FY26, accompanied by a limited review report from the company's statutory auditors. Board Decision: Details Meeting Date: February 14, 2026 Results Period: Quarter ended December 31, 2025 Interim Dividend: Rs. 0.50 per equity share Dividend Percentage: 5% per share Face Value: Rs. 10 per equity share Interim Dividend Declaration The Board declared an interim dividend of Rs. 0.50 per equity share of face value Rs. 10 each, representing 5% per share for Financial Year 2025-26. The company has established February 27, 2026, as the record date for determining shareholder eligibility for the interim dividend payment. Dividend Details: Information Record Date: February 27, 2026 Payment Timeline: Within 30 days from declaration Tax Deduction: As per Income Tax Act, 1961 Registrar: MUFG Intime India Private Limited Fund Utilization Compliance The company previously filed its quarterly statement of deviation or variation in utilization of funds raised through preferential issue for the quarter ended December 31, 2025. The preferential issue was executed through warrant allotment on October 30, 2024, followed by equity share conversion on December 01, 2025. Fund Utilization: Amount (Rs.) Total Fund Allocated: 8,69,99,580 Fund Utilized till December 31, 2025: 8,69,76,328 Balance Fund: 23,252 Total Warrants: 19,33,324 Issue Price per Warrant: Rs. 45 Corporate Compliance Framework The financial results submission includes a limited review report from Giriraj Bang & Company, Chartered Accountants, confirming compliance with Indian Accounting Standard 34 and SEBI Listing Regulations. Company Secretary Arti Lalwani signed the compliance documents on February 16, 2026, ensuring adherence to regulatory requirements. The trading window for dealing in company securities remains closed until 48 hours after the record date for interim dividend payment. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. 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