Revised Outcome of the Board Meeting held on November 14, 2025 and Compliance of Regulation 30 and 33 of the SEBI (Listing and Obligations and Disclosure Requirements) Regulations, 2015 ....
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The board of Spice Islands Industries approved unaudited financial results for Q2 and H1 FY26 (ended Sept 30, 2025). Revenue from operations surged to Rs. 173.90 lakhs in Q2 FY26 from Rs. 10.03 lakhs in Q2 FY25, with H1 FY26 revenue at Rs. 366.47 lakhs versus Rs. 34.40 lakhs last year. The company swung to a profit of Rs. 78.14 lakhs in Q2 (vs a loss of Rs. 92.77 lakhs) and Rs. 111.42 lakhs for H1 (vs a loss of Rs. 87.22 lakhs), driven mainly by the hospitality segment. An interim dividend of Rs. 0.50 per share (5%) was declared with a record date of Nov 21, 2025. The board also approved conversion of warrants into equity shares, a Rs. 2.50 crore bank loan, purchase of an immovable property in Andheri, and three new hotel lease/operating arrangements (Hotel Somprabha in Veraval, Jim Corbett wellness resort, and Grand Ladhukara in Dwarka). Statutory auditors issued an unmodified limited review report.
Strong turnaround from loss to profit, supported by rapid hospitality business expansion via new hotel leases in Gujarat and Uttarakhand. Interim dividend rewards shareholders, while warrant conversion and new debt signal growth-mode capital raising. Overall positive for the stock.