Board approves interim dividend of 0.50 paise per equity shares of Rs. 10/- each for the FY 2025-26
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Spice Islands Industries' board has declared a first interim dividend of Rs. 0.50 per equity share (5% on face value of Rs. 10) for FY2025-26, with the record date set as November 21, 2025, and payment within 30 days. The company reported a strong turnaround in H1 FY26 with total income of Rs. 447.53 lakhs versus Rs. 40.88 lakhs in H1 FY25, and a profit after tax of Rs. 111.42 lakhs compared to a loss of Rs. 87.22 lakhs last year. Basic EPS for H1 stood at Rs. 2.59 versus a loss of Rs. 2.03 previously. Additionally, the board approved warrant conversion into equity shares, a Rs. 2.50 crore bank loan, purchase of immovable property in Andheri, and three hotel lease agreements (Hotel Somprabha in Veraval, Just Naturals Wellness Resort in Jim Corbett, and Grand Ladhukara in Dwarka) to expand its hospitality business.
Small dividend of Rs. 0.50 per share offers limited yield for shareholders, but the sharp year-on-year profit recovery and aggressive expansion into the hospitality segment (three new hotel leases plus upcoming hotel operations in Dwarka) signal a strategic pivot and growth focus that could positively influence investor sentiment.