We are enclosing herewith copy of our Annual Report for the financial year ended March 31, 2025 for your perusal and record.
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Spice Islands Industries Limited (formerly Spice Islands Apparels Limited) has submitted its 37th Annual Report for the financial year ended March 31, 2025 to BSE on August 30, 2025. The 37th Annual General Meeting is scheduled for Wednesday, September 24, 2025 at 11:30 AM, to be held via video conferencing. Key agenda items include adoption of audited financial statements, re-appointment of Mr. Faraaz Irfan Chapra (Executive Director Finance & CFO) who retires by rotation, appointment of M/s Alok Khairwar & Associates as Secretarial Auditors for a five-year term (FY 2025-26 to FY 2029-30), and a Special Resolution seeking shareholder approval to raise the company's investment, loan, guarantee, and property acquisition limit under Section 186 of the Companies Act to Rs. 100 Crores. One Independent Director, Mr. Kalpesh Thakorbhai Mistry, resigned effective August 14, 2025.
This is primarily a routine regulatory compliance filing submitting the Annual Report. The proposed increase in investment and lending limits to Rs. 100 Crores under Section 186 gives the Board more flexibility for future strategic investments, acquisitions of immovable property, or financial support to group entities, though no specific transactions are announced yet. Shareholders should review the Annual Report for actual financial performance before voting at the AGM on September 24, 2025.