Pursuant to Regulation 7(2) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulation, 2015, please find enclosed Form C dated December 12, 2025, received from Mr. ....
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Awaiting price reaction for this filing.
Spice Islands Industries Ltd has filed a SEBI insider trading disclosure dated December 15, 2025, on behalf of its CEO Mr. Dhaval Girish Chheda. As per Form C, the CEO acquired 44,444 equity shares of the company through the conversion of previously held convertible warrants on December 1, 2025, for a total transaction value of Rs. 14,99,985 (about Rs. 15 lakhs). He held no shares in the company prior to this acquisition, making this his first equity holding post the warrant conversion. This is a continual disclosure filed under Regulation 7(2) read with Regulation 6(2) of SEBI (Prohibition of Insider Trading) Regulations.
This is a routine insider trading compliance disclosure by the company's CEO rather than a material event likely to move the stock price. It signals that the CEO is now a shareholder in the company, aligning his interests with other shareholders, but the quantum of acquisition is small.