Pursuant to Regulation 7(2) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading Regulations, Please find enclosed Form C dated December 12, 2025, as received from Mrs. ....
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Awaiting price reaction for this filing.
Mrs. Bhanuben Girish Chheda, the immediate relative of the company's Chief Executive Officer (KMP), has acquired 44,444 equity shares of Spice Islands Industries Ltd upon conversion of convertible warrants. The total transaction value was Rs. 14,99,985 (approximately Rs. 15 lakhs), and the shares were allotted on December 12, 2025. Prior to this acquisition, she held Nil shares; post-acquisition her holding is 44,444 equity shares. This is a continual disclosure filed under Regulation 7(2) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.
This is a routine mandatory insider trading disclosure showing a small insider-related acquisition (Rs. 15 lakhs via warrant conversion). It is mildly positive as it signals insider participation, but the size is too small to materially influence the stock price or signal a significant insider confidence move.