Pursuant to Regulations 7(2) read with Regulations 6(2) of the SEBI (Prohibitions of Insider Trading) Regulations, 2015, please find enclosed Form C dated December 12, 2025, received from ....
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Mrs. Mubina Sofia, an Immediate Relative of a Director of Spice Islands Industries Ltd, has disclosed the acquisition of 55,555 equity shares of the company. The shares were allotted upon conversion of convertible warrants on December 1, 2025, with a total transaction value of approximately Rs. 18.75 lakh (implying a price of about Rs. 33.75 per share). Prior to this acquisition, Mrs. Sofia held Nil shares in the company. The disclosure was made under SEBI's Prohibition of Insider Trading Regulations via Form C dated December 12, 2025, and submitted to BSE on December 15, 2025. This is not a fresh market purchase but the conversion of warrants that were already issued, likely under a preferential allotment.
This is a warrant-to-equity conversion by a person connected to the company's director group, which is a pre-committed transaction rather than a fresh market buy. The shareholding increase is modest, and the direct impact on the stock price is likely limited, though it signals continued confidence from the promoter/director group.