Intimation of allotment of 19,33,324 fully paid up equity shares upon conversion of 19,33,324 shares warrants on December 01, 2025, is enclosed herewith for your reference.
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Awaiting price reaction for this filing.
On December 1, 2025, the Board of Spice Islands Industries approved the conversion of 19,33,324 fully convertible warrants into equity shares at Rs. 45 per share (face value Rs. 10 + premium Rs. 35), bringing in Rs. 6.52 crore from 24 non-promoter allottees. As a result, the company's paid-up equity capital rises from 43,00,000 shares (Rs. 4.30 crore) to 62,33,324 shares (Rs. 6.23 crore), an increase of about 45% in share count. The board also noted strong quarterly growth, declared an interim dividend, and praised performance in the Foods & Beverages (Rogers brand) and Hospitality (new hotels at Dwarka and Somnath) segments.
Existing shareholders face significant dilution of roughly 45% in their shareholding, which will likely weigh on short-term earnings per share. The interim dividend and acknowledged segment growth partially offset this concern, but the stock may remain under pressure as supply from the newly allotted shares increases.