Pursuant to the provision of Regulation 30 of SEBI (LODR) Regulations 2015 the board of director appointed Mr. Dipesh Dalvi (DIN 08572894) as an additional director in the category of independent ....
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Spice Islands Industries Ltd's board, at its October 11, 2025 meeting, appointed Mr. Dipesh Dalvi (DIN 08572894) as an Additional Independent Director for a 5-year term, subject to shareholder approval. Mr. Dalvi is a finance professional with experience in taxation and auditing, and is not related to the promoters. The board also reconstituted four key committees — Audit, Nomination and Remuneration, Stakeholder Relationship, and Independent Directors — with Mr. Dalvi chairing the Audit and Stakeholders Relationship committees. Additionally, the company added a new clause to its Memorandum of Association to enter the edible oil business, covering manufacturing, processing, refining, and trading of oils such as sunflower, soybean, mustard, palm, and others, along with related by-products. A postal ballot notice was approved to seek shareholder approval for these changes.
This is a notable business pivot for the company, traditionally in apparel, into the edible oils sector, which could reshape its future revenue mix. The new independent director brings finance and audit expertise, strengthening board oversight during this transition phase.