Announced Fri, 3 Jul · 18:36 IST
Board approves 1:5 stock split, director changes and related party deals
Board & Shareholder Meetings View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
-2.1%1-day move
₹515.00
prior close
₹535.95
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.1—-1.3-1.9-2.1-5.0-2.3-3.4+1.6-2.0-4.3———
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AI summary
Spice Islands Industries board approved a 1:5 stock split (Rs 10 face value to Rs 2). Post-split, share count rises from 62.33 lakh to about 3.12 crore. Aim: better liquidity and retail affordability. Board also re-designated Sandeep Merchant as MD and Vice Chairman, and cleared related party deals including Rs 350 crore with Chapra Capital Ventures and a wellness beverages JV. Subject to shareholder approval at AGM on Aug 7, 2026.
Likely market impact
Stock split may improve liquidity and affordability for retail buyers. Director changes and large related party deals need shareholder nod at AGM.