Spice Islands Industries
272.15
-1.50(-0.55%)
Market Cap₹117.05 Cr
PE Ratio47.76
Company Performance:
1D-0.55%
1M+44.61%
6M+372.65%
1Y+643.99%
5Y+6,099.32%
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More news about Spice Islands Industries
15Nov 25
Spice Islands Industries Reports Q2 Results, Declares Interim Dividend, and Expands Hotel Operations
Spice Islands Industries Limited announced Q2 FY2025-26 results and declared an interim dividend of Rs. 0.50 per share. The company is expanding its hospitality business by leasing Hotel Somprabha in Veraval, signing an MoU for a resort in Jim Corbett, and planning operations in Dwarka. It's also acquiring property in Mumbai and has received approval for a Rs. 2.50 crore loan facility. The Board noted intentions from warrant holders to convert warrants into equity shares.
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13Nov 25
Spice Islands Industries Appoints Dipesh Dalvi as Independent Director, Expands Business Scope
Spice Islands Industries Limited (BSE: 526827) has approved two special resolutions via postal ballot. Mr. Dipesh Dalvi has been appointed as a Non-Executive Independent Director for a five-year term starting October 11, 2025, with 91.34% shareholder approval. The company also received 95.92% shareholder approval to expand its business objectives by adding a new clause to its Memorandum of Association. The voting saw limited shareholder participation, with only 0.05% of total shares cast.
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13Nov 25
Spice Islands Industries Expands into Food & Beverages, Hospitality, Electric Vehicles, and Edible Oil Segments
Spice Islands Industries Limited has received shareholder approval to diversify into four new business segments: Food and Beverages, Hospitality Business, Electric Vehicles, and Edible Oil. The company conducted a postal ballot, with 95.92% of votes in favor of amending the Memorandum of Association to include these new activities. Shareholders also approved the appointment of Mr. Dipesh Dalvi as a Non-Executive Independent Director for a five-year term. The total votes cast represented 0.05% of the company's outstanding shares, with the promoter group not participating in the voting process.
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13Oct 25
Spice Islands Industries Seeks Shareholder Approval for New Director and Expansion into Edible Oils
Spice Islands Industries Limited (SIIL) has announced two key proposals via postal ballot. The company seeks to appoint Mr. Dipesh Dalvi as a Non-Executive Independent Director for a five-year term starting October 11, 2025. Additionally, SIIL proposes to amend its Memorandum of Association to expand into the edible oils segment, including manufacturing, processing, and trading activities. Shareholders can vote on these proposals through e-voting from October 14 to November 12, 2025, with results expected by November 14, 2025.
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11Oct 25
Spice Islands Industries Appoints New Independent Director, Reshapes Board Committees, and Expands into Edible Oil Business
Spice Islands Industries Limited has made significant changes to its board and operations. The company appointed Mr. Dipesh Dalvi as an Additional Director in the Independent Director category for a five-year term. Following this, four key board committees were restructured. Additionally, the company has approved an amendment to its Memorandum of Association to enter the edible oil business, including manufacturing, processing, and trading of various edible oils. These changes are subject to shareholder approval through a postal ballot.
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09Sept 25
Spice Islands Industries Expands into Hospitality Sector with Hotel Lease in Gujarat
Spice Islands Industries Limited has leased Hotel Somprabha in Veraval, Gujarat, for 11 months starting November 1, 2025. The 178.27 square meter commercial hotel building is part of a larger 1840.90 square meter plot. The company cites high tourism potential in Veraval as the reason for this strategic move into the hospitality sector. This diversification marks a significant shift from the company's traditional apparel business.
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17Aug 25
Spice Islands Industries Reports Robust Q1 FY26 Performance with Diversified Revenue Streams
Spice Islands Industries Limited reported total revenue of ₹192.57 crore for Q1 FY26, up from ₹33.95 lakh in the previous quarter. The hospitality segment was the main revenue driver, contributing ₹151.74 crore. Food and Beverages segment reported ₹32.06 crore revenue but faced losses. Electric Vehicle Rental segment brought in ₹8.77 crore revenue. Profit before tax reached ₹33.12 crore, showing improvement from Q1 FY25 but lower than Q4 FY25. The company's diversification strategy shows positive results despite challenges in some segments.
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14Aug 25
Spice Islands Industries Reports Strong Q1 Performance, Board Changes, and AGM Details
Spice Islands Industries Limited reported a profit of Rs. 33.28 crore in Q1 FY24, compared to a loss of Rs. 6.13 crore in Q1 FY23. Revenue from operations increased to Rs. 192.57 crore. The company operates in three segments: Hospitality, Food and Beverages, and EV Renting. Kalpesh Thakorbhai Mistry resigned as Independent Director. The 37th AGM is scheduled for September 24 via VC/OAVM. The company previously allotted 19,33,324 share warrants at Rs. 45 per warrant.
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Spice Islands Industries
272.15
-1.50
(-0.55%)
1 Year Returns:+643.99%
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