Spice Islands Industries Limited reported a net profit of Rs. 566.24 lakh for the financial year ended March 31, 2026, a substantial increase from Rs. 47.73 lakh in the previous year. Revenue from operations surged to Rs. 1,789.10 lakh, compared to Rs. 77.87 lakh in FY25, driven by the company's expansion across its Food & Beverages, Hospitality, and Electric Vehicle business verticals. The Board of Directors has recommended a final dividend of Re. 0.60 per equity share for the financial year ended March 31, 2026, subject to shareholder approval.

Financial Performance

The company’s total income for FY26 stood at Rs. 2,118.32 lakh, up from Rs. 297.87 lakh in the previous year. Profit Before Tax (PBT) increased to Rs. 564.22 lakh from Rs. 112.19 lakh in FY25. The improved financial performance reflects successful execution of the company's diversification strategy and enhanced operational efficiencies. Earnings Per Share (EPS) rose to Rs. 11.45 from Rs. 1.11 in the previous year.

Business Operations

During the year under review, the Food & Beverages segment emerged as a major contributor with revenue of Rs. 854.27 lakh, while the Hospitality business recorded revenue of Rs. 811.05 lakh. The Electric Vehicle rental business generated revenue of Rs. 123.78 lakh. The company also expanded its Main Objects Clause to include the Edible Oil business, providing flexibility to explore opportunities in that sector.

Corporate Actions

The Board has proposed the sub-division of every 1 (One) equity share of face value Rs. 10/- each into 5 (Five) equity shares of face value Rs. 2/- each to enhance liquidity. Additionally, the Board has approved the re-designation of Mr. Sandeep Jamnadas Merchant from Whole-time Director to Managing Director and Vice Chairman. The company has also sought shareholder approval for material related party transactions and the formation of a joint venture with The Peace Mission Private Limited for functional wellness beverages.

Spice Islands Industries Limited has fixed Friday, July 31, 2026, as the record date to determine shareholder eligibility for a final dividend of ₹0.60 per equity share for the financial year ended March 31, 2026. The dividend, recommended by the Board of Directors on May 29, 2026, is subject to shareholder approval at the upcoming Annual General Meeting (AGM). The company stated that the dividend amount will be paid within 30 days from the conclusion of the AGM, strictly through electronic mode to members with updated bank account details.

The 38th AGM is scheduled for Friday, August 07, 2026, at 11:30 A.M. IST via video conferencing. The meeting will be conducted through Video Conferencing or Other Audio Visual Means (OAVM) in compliance with Ministry of Corporate Affairs and SEBI circulars. The notice of the AGM and the Annual Report for the financial year 2025-26 will be sent electronically to members whose email addresses are registered with the company or its Registrar and Share Transfer Agent, MUFG Intime India Private Limited. Physical communication containing the weblink to the Annual Report will be sent to members without registered email addresses.

Key Meeting and Dividend Details

The following table outlines the critical dates and figures for the AGM and dividend distribution:

Voting and Shareholder Compliance

The company has engaged the services of Central Depository Services (India) Limited (CDSL) to facilitate remote e-voting and e-voting during the AGM. Members holding shares in dematerialized or physical form can cast their votes electronically, with specific instructions to be provided in the AGM notice. To ensure the timely receipt of dividends and avoid delays, shareholders are requested to update their KYC details with their depositories for demat holdings or with the company's Registrar and Share Transfer Agent for physical holdings.

The company has also requested members to submit necessary tax-related documents, declarations, and certificates on or before Tuesday, July 28, 2026, to enable the determination of the appropriate Tax Deducted at Source (TDS) rate. Documents received after this date will not be considered for TDS calculation.