Board approves 1:5 stock split, AGM on Aug 7, joint venture in wellness beverages

Board & Shareholder Meetings View source PDF

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AI summary

Spice Islands Industries board approved a 1:5 stock split (Rs 10 to Rs 2 face value) to boost liquidity and retail participation. Pre-split paid-up shares of 62,33,324 will become 3,11,66,620 post-split. 38th AGM fixed for Aug 7, 2026 at 11:30 AM via video conferencing. Sandeep Merchant re-designated as Managing Director and Vice Chairman. Three director appointments regularized. Approved related party transactions up to Rs 410 crore for FY27. Also approved a joint venture with The Peace Mission Pvt Ltd to enter functional wellness beverages with up to Rs 20 crore investment.

Likely market impact

Stock split may improve liquidity and attract retail investors. Joint venture signals expansion into FMCG and wellness segment.