Addition of a new clause under main objects (Clause III (A)) of the Memorandum of Association

Spice Islands Industries Ltd held a board meeting on October 11, 2025, where several key decisions were approved. Mr. Dipesh Dalvi (DIN: 08572894), a commerce and finance professional with experience in taxation and audits, was appointed as an Additional Independent Director for a 5-year term, subject to shareholder approval. The board also reconstituted four committees — Audit, Nomination & Remuneration, Stakeholders Relationship, and Independent Directors — with Mr. Dalvi chairing three of them. Most notably, the company approved adding a new main object clause (Clause 8) to its Memorandum of Association to enter the edible oil business, covering manufacturing, processing, refining, trading, importing and exporting of edible oils such as sunflower, soybean, mustard, groundnut, rice bran and palm oil, along with vanaspati, margarine, ghee and related by-products. A postal ballot notice was also approved, with M/s. Alok Khairwar & Associates appointed as Scrutinizer for the e-voting process.