Revised Outcome/Results of the Board Meeting held on November 14, 2025 and Compliance of Regulation 30 & 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ....
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Spice Islands Industries filed a revised board meeting outcome (original missed the segment-wise annexure) for Q2/H1 FY26 ended September 30, 2025. Revenue from operations surged to Rs. 173.90 lakhs in Q2 FY26 vs Rs. 10.03 lakhs in Q2 FY25, and to Rs. 366.47 lakhs in H1 FY26 vs Rs. 34.40 lakhs. The company swung to a profit of Rs. 78.14 lakhs in Q2 FY26 (from a loss of Rs. 92.77 lakhs), with H1 FY26 profit of Rs. 111.42 lakhs. The Board declared a Rs. 0.50/share (5%) interim dividend with November 21, 2025 as record date. Additionally, the Board approved warrant-to-equity conversion, a Rs. 2.50 crore bank loan, purchase of a property in Andheri, and lease of Hotel Somprabha (44 rooms, Veraval) plus MOUs for a Jim Corbett wellness resort and a Dwarka hotel (Grand Ladhukara). Statutory auditor Giriraj Bang & Co issued an unmodified limited review report.
Strong operational turnaround with revenue jumping over 10x and the company returning to profit, driven by its hospitality and EV rental segments. Shareholders benefit from a 5% interim dividend and aggressive hotel expansion, though the dividend payout and new debt/property commitments may pressure short-term cash flows.