Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 - Application made for listing of equity shares issued upon conversion of warrants
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Spice Islands Industries Ltd has applied to BSE for listing and trading approval of 19,33,324 equity shares (face value Rs. 10 each). These shares were issued on a preferential basis upon conversion of warrants and allotted by the Board on December 1, 2025. The conversion was carried out under Chapter V of SEBI's ICDR Regulations, 2018, following BSE's in-principle approval granted on October 21, 2024. The disclosure has been made under Regulation 30 of SEBI's LODR Regulations. Once approved, these shares will become tradable on BSE.
Shareholders may see a modest increase in the company's outstanding share count and trading volume once listing approval is granted. Existing shareholders may experience slight dilution from the newly listed shares, though the preferential allotment has already taken place.