Intimation of allotment of 1933324 fully paid-up equity shares upon conversion of 1933324 shares warrants on December 01, 2025, is enclosed herewith for your reference.

Spice Islands Industries has converted 19,33,324 fully convertible warrants into equity shares of Rs. 10 each at a premium of Rs. 35, bringing in a total consideration of about Rs. 6.52 crore. The warrants were originally allotted on October 30, 2024, and all 24 allottees (all non-promoters) have now paid the remaining 75% of the exercise price (Rs. 33.75 per warrant) to trigger the conversion. As a result, the company's paid-up share capital has increased from 43,00,000 shares (Rs. 4.30 crore) to 62,33,324 shares (Rs. 6.23 crore), a dilution of nearly 45%. The newly issued shares will rank equally with existing shares for dividends and voting. The board also noted strong growth in the Foods & Beverages segment (Rogers brand) and the Hospitality segment (new hotels at Dwarka and Somnath), and acknowledged the declaration of an interim dividend.