Outcome of Board Meeting and Compliance of Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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The Board of Spice Islands Industries approved its unaudited Q2 FY26 (ended Sept 30, 2025) financial results showing a major turnaround. Revenue from operations jumped to ₹173.90 lakhs in Q2 from just ₹10.03 lakhs a year ago, while H1 FY26 revenue rose to ₹366.47 lakhs vs ₹34.40 lakhs in H1 FY25. Profit after tax swung to ₹78.14 lakhs in Q2 from a loss of ₹92.77 lakhs, and H1 PAT stood at ₹111.42 lakhs versus a loss of ₹87.22 lakhs. Statutory auditors issued an unmodified (clean) limited review report. The Board also declared a ₹0.50 per share (5%) interim dividend with record date Nov 21, 2025, approved a ₹2.50 crore bank loan facility, noted warrant holders' intent to convert their warrants into equity shares, and approved acquisition of a property in Andheri, Mumbai for commercial construction.
Strong revenue and profit growth signals a positive business turnaround, especially with aggressive expansion into hospitality through new hotel leases in Gujarat and Jim Corbett, which should boost investor sentiment. The 5% interim dividend offers near-term shareholder returns, while the warrant conversion and new debt may lead to share dilution and modest leverage increase.