Spice Islands Industries announces 1:5 stock split, board changes and new JV
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and 0.6 pts more than its Gems, Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
The board approved a 1:5 stock split of equity shares from Rs. 10 face value to Rs. 2 face value, pending shareholder and regulatory approval. Pre-split: 62,33,324 shares; post-split: 3,11,66,620 shares. Total paid-up capital stays at Rs. 6.23 crore. Rationale: improve liquidity and make shares more affordable for retail investors. Also approved director re-designations, material related party transactions up to Rs. 350 crore (including with Chapra Capital Ventures), and a joint venture with The Peace Mission for functional wellness beverages. 38th AGM set for August 7, 2026.
If approved, each share splits into 5, lowering per-share price and improving liquidity. No change in total shareholder value.