Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Awaiting price reaction for this filing.
Spice Islands Industries Limited (formerly Spice Islands Apparels) reported Q1 FY26 results with revenue from operations of Rs. 192.57 lakhs (up from nil in Q1 FY25) and total income of Rs. 201.20 lakhs. Profit after tax jumped to Rs. 33.28 lakhs from Rs. 6.13 lakhs in the year-ago quarter, with basic EPS at Rs. 0.77. The hospitality segment was the biggest contributor at Rs. 151.74 lakhs in revenue, while EV renting (Rs. 8.77 lakhs) and food & beverages (Rs. 32.06 lakhs) made up the rest. Statutory auditor Giriraj Bang & Co. issued a clean (unmodified) limited review report. The board also fixed September 24, 2025 as the date for the 37th AGM, with book closure from September 18 to 24, 2025. Separately, Independent Director Kalpesh Thakorbhai Mistry resigned effective August 14, 2025, citing increased professional commitments.
Sharp YoY jump in both revenue and profit, led by the new hospitality and EV rental businesses, is a positive signal for shareholders. The departure of an independent director ahead of the AGM is a governance item investors may want to monitor for board continuity.