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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Mrs. Reshma Chapra, an Immediate Relative of a Director of Spice Islands Industries Ltd, acquired 333,333 equity shares upon conversion of convertible warrants, valued at Rs. 1,12,49,988.75. The acquisition took place on December 1, 2025, and the disclosure (Form C) was made to the company on December 12, 2025. Prior to this transaction, she held zero shares in the company. The disclosure is filed under Regulation 7(2) read with Regulation 6(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015.
This acquisition increases the promoter group's stake in the company, signaling insider confidence. The conversion of warrants into actual equity shares also reduces dilution risk and indicates a long-term commitment from the promoter side, which is generally viewed positively by retail investors.