Pursuant to Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015, the Company hereby inform that the Board of Directors by way of circular Resolution passed on June ....
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On June 10, 2026, the Board of Spice Islands Industries Ltd approved two key appointments through a circular resolution. Dr. Huzaifa Habil Khorakiwala (DIN: 02191870) has been appointed as an Additional Non-Executive Director and designated as the Non-Executive Chairman. He is currently the Executive Director of Wockhardt Limited and CEO & Trustee of the Wockhardt Foundation, a Yale alumnus with a Knighthood and honorary doctorates. Mr. Nikhil Saran Mathur (DIN: 00192195) has been appointed as an Additional Non-Executive Director; he brings experience spanning real estate, finance, infrastructure, aviation, and emerging technologies, and is currently MD/Director on boards across aerospace, real estate, and tech-driven firms. Both appointments are effective June 10, 2026, subject to shareholder approval under Regulation 17(1C) of SEBI LODR. The company has confirmed neither appointee is debarred from holding directorship by SEBI or any other authority.
The appointment of a Wockhardt Group-linked chairman and a diversified industry veteran could signal strategic direction changes or a push toward expansion. Investors should watch for the shareholder approval timeline and any subsequent business updates that may follow this leadership reshuffle.