Pursuant to Regulation 7(2) read with Regulations 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 has submitted a Form C disclosure under SEBI's Prohibition of Insider Trading Regulations. Mr. Irfan Chapra, classified as an Immediate Relative of a Director of the company, acquired 277,777 equity shares through the conversion of convertible warrants. The total value of the transaction was approximately Rs. 93.75 lakh. Prior to this acquisition, Mr. Chapra held nil shares in the company, and post-acquisition his holding stands at 277,777 equity shares. The date of allotment was December 1, 2025, while the intimation to the company was made on December 12, 2025.
This is a routine insider trading compliance disclosure showing an increase in shareholding by a director's immediate relative via warrant conversion, indicating promoter-group confidence through equity creation. No immediate material impact on stock price is expected as this is a pre-committed conversion rather than an open-market purchase.