Pursuant to Regulation 7(2) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, please find enclosed Form C dated December 12, 2025, received from ....
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Spice Islands Industries Ltd disclosed a Form C under SEBI Insider Trading Regulations regarding the acquisition of 44,444 equity shares by Mrs. Pinal Dhaval Chheda, who is the Immediate Relative of the Company's Chief Executive Officer (KMP). The shares were allotted upon conversion of convertible warrants at a total value of Rs. 14,99,985 (approximately Rs. 15 lakhs). Prior to this acquisition, she held Nil shares in the company, and post-acquisition she holds 44,444 equity shares. The date of allotment was December 1, 2025, and the intimation to the company was made on December 12, 2025.
This is a routine insider trading disclosure showing that a KMP's immediate relative has acquired a small stake (44,444 shares) through warrant conversion, signalling confidence from insider circles but with minimal market impact given the small size of the transaction.