Voting Results and Scrutinizer''s for the 37th Annual General Meeting

Spice Islands Industries (formerly Spice Islands Apparels) held its 37th AGM on September 24, 2025 via video conferencing, where all four resolutions were approved. Resolution 1 (adoption of audited financial statements for FY March 31, 2025) passed with 99.44% support (2,647 votes in favour vs 15 against). Resolution 2 (reappointment of Mr. Faraaz Irfan Chapra as director, who retires by rotation) was passed with only 72.20% in favour — about 27.8% of votes (740 shares) were against, a notably higher dissent than the other items. Resolution 3 appointed Alok Khairwar & Associates as Secretarial Auditor for five years from FY2025-26 (98.50% in favour). Resolution 4, a special resolution authorising investments, loans and guarantees under Section 186 of the Companies Act, passed with 98.52% support. Voter turnout was extremely thin: only 2,662–2,697 shares were polled out of 43 lakh total shares (around 0.06%), and promoters, who hold roughly 62.5% of the company (26.87 lakh shares), did not cast any votes.