Outcome of the Board Meeting dated May 28, 2025 under Regulation 30 and 33 of Securities and Exchange Board of India (LODR) Regulation, 2015
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Spice Islands Industries Ltd's Board on May 28, 2025 approved the audited financial results for Q4 and FY ended March 31, 2025, along with an unmodified audit opinion from Giriraj Bang & Co. Revenue from operations fell to Rs. 77.87 lakhs from Rs. 89.81 lakhs last year (~13% decline), but other income jumped sharply to Rs. 220 lakhs (vs Rs. 43.17 lakhs) due to balances written back and one-time gains, pushing total income to Rs. 297.87 lakhs. Profit after tax rose to Rs. 47.73 lakhs (vs Rs. 31.86 lakhs, ~50% growth) and EPS improved to Rs. 1.11 from Rs. 0.74. The Board also reappointed P. D. Chopda & Co. as internal auditor and appointed M/s. Alok Khairwar and Associates as Secretarial Auditor for 5 years, approved Section 186 limits for investments/loans, and cleared the 37th AGM notice.
The headline profit growth looks strong but is largely driven by non-operating income rather than core business, as operating revenue actually shrank. Shareholders should note the reliance on one-time gains and that the core segments (EV rental, food & beverages, hospitality) are still in early or loss-making stages. Near-term stock impact is likely muted given the small scale of operations.