38th AGM proceedings: stock split 1:5, final dividend, JV approved

Spice Islands Industries held its 38th AGM on August 7, 2026 via video conferencing, chaired by Executive Director Mr. Faraaz Irfan Chapra in absence of Chairman Dr. Huzaifa Khorakiwala. 32 of 2,536 shareholders attended. Key resolutions included adoption of FY26 audited financials, declaration of a final dividend on equity shares, and a 1:5 stock split (1 share of Rs.10 into 5 shares of Rs.2). Other approvals: appointment of Ms. Nitu Vishwakarma as Independent Director, re-designation of Mr. Sandeep Merchant as Managing Director and Vice Chairman, appointment of Dr. Huzaifa Khorakiwala as Non-Executive Chairman, appointment of Mr. Nikhil Mathur as Non-Executive Director, material related party transactions, and formation of a joint venture with Peace Mission Private Limited. Voting results awaited within 2 working days.