Spice Islands Industries Limited has appointed Ms. Nitu Vishwakarma as an Additional Director in the category of Non-Executive & Independent Director, effective May 20, 2026. The decision was taken via a Circular Resolution passed by the Board of Directors on Wednesday. The appointment is subject to the approval of the shareholders within the timeline prescribed under Regulation 17(1C) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Ms. Vishwakarma, who holds DIN 11731242, is proposed to be appointed as an Independent Director for a term of five consecutive years commencing from May 20, 2026, up to May 19, 2031. She is not liable to retire by rotation. The company confirmed that she is not debarred from holding the office of Director by virtue of any order passed by SEBI or any other authority. Her expertise lies in corporate governance, compliance, finance, and business administration.

Consequent upon this appointment, the Board has approved the reconstitution of four key committees with effect from May 20, 2026. The reconstituted bodies include the Audit Committee, Nomination and Remuneration Committee, Stakeholders' Relationship Committee, and the Independent Directors' Committee.

Committee Composition

The composition of the reconstituted committees is detailed below:

Audit Committee

Nomination and Remuneration Committee

Stakeholders' Relationship Committee

Independent Directors' Committee

The Circular Resolution was passed in compliance with the provisions of Section 175 of the Companies Act, 2013 and Secretarial Standard-1 on Meetings of the Board of Directors.

Spice Islands Industries Limited has filed a regulatory disclosure with BSE Limited confirming that the company does not qualify as a Large Corporate under the Securities and Exchange Board of India's framework for debt securities issuance by large entities.

Regulatory Compliance Disclosure

The company submitted its initial disclosure on April 14, 2026, addressing the requirements under SEBI circular SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023. The disclosure confirms that Spice Islands Industries Limited does not meet the criteria to be classified as a Large Corporate as of March 31, 2026.

SEBI Framework Reference

The disclosure references multiple SEBI circulars that establish the regulatory framework for debt securities issuance by large entities:

• SEBI Circular dated October 19, 2023 (Primary Reference)
• Chapter XII of SEBI Operational Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021
• SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018

Company Information

Spice Islands Industries Limited, formerly known as Spice Islands Apparels Limited, is incorporated under CIN L11040MH1988PLC050197. The company's registered office is located in Mumbai's Bhandup Industrial Estate.

Filing Details

The disclosure was digitally signed by Arti Lalwani, Company Secretary and Compliance Officer (Membership no. A59871), and submitted to BSE Limited for record maintenance. This filing ensures the company's compliance with SEBI's regulatory requirements regarding the declaration of Large Entity status for debt securities framework applicability.