Announced Mon, 16 Mar · 22:19 IST

Pursuant to Regulation 30 read with the Scheduled III of the SEBI (LODR) 2015, we hereby inform that Mr. Dipesh Dalvi (DIN: 08572894), Independent Director of the Company, has tendered ....

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+4.0%1-day move
₹228.25
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AI summary

Spice Islands Industries Ltd has informed the stock exchange that Mr. Dipesh Dalvi (DIN: 08572894), an Independent Director, has resigned from the board effective close of business hours on March 16, 2026. He cited 'increasing professional commitments' as the reason and confirmed there are no other material reasons for his exit. Mr. Dalvi also stepped down as Chairperson of the Audit Committee and the Stakeholders Relationship Committee, and as a Member of the Nomination & Remuneration Committee and the Independent Director Committee. The company has submitted the required disclosures under SEBI LODR Regulation 30 along with his resignation letter.

Likely market impact

This is a routine single-director exit with a personal reason cited, and is unlikely to materially impact the stock. However, the company will need to appoint a new independent director soon to maintain statutory board composition requirements.