Pursuant to the Regulation 30 read with schedule III of SEBI (LODR) Regulation, 2015, we hereby inform that Mr. Dipesh Dalvi (DIN: 08572894) Independent Director of the Company has tendered ....
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Spice Islands Industries Limited has informed the BSE that Mr. Dipesh Dalvi (DIN: 08572894), an Independent Director on the company's board, has tendered his resignation effective March 16, 2026. He cited increasing professional commitments as the reason and confirmed there are no other material reasons for his departure. As a result, he has stepped down from all board committees he served on, including as Chairperson of the Audit Committee and Stakeholders Relationship Committee, and as a member of the Nomination and Remuneration Committee and Independent Director Committee. The company has shared his resignation letter and required disclosures with the stock exchange.
This is a routine independent director exit with no governance red flags, but it does leave a vacancy on the Audit Committee chair, which the company will need to fill to comply with listing requirements. For shareholders, this is a neutral event with no expected impact on stock price or operations.