Spice Islands Industries Limited has submitted a regulatory disclosure to BSE Limited regarding the non-applicability of certain SEBI corporate governance provisions. The disclosure is made pursuant to Regulation 15(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The company states that as of March 31, 2026, its paid-up share capital stands at ₹6,23,33,240 (Rupees Six Crore Twenty-Three Lakh Thirty-Three Thousand Two Hundred Forty Only) and its net worth is ₹14,02,00,000 (Rupees Fourteen Crore Two Lakh Only). These figures are below the prescribed thresholds of ₹10 crores for paid-up capital and ₹25 crores for net worth specified under Regulation 15(2).
Due to these sub-threshold financial metrics, the provisions relating to Corporate Governance under Regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26 and 27, and clauses (b) to (i) of sub-regulation (2) of Regulation 46 and Para C, D and E of Schedule V of the Listing Regulations are not applicable to the company.
Specifically, Regulation 23(9) relating to disclosure of related party transactions is not applicable to the company for the quarter ended June 30, 2026. Consequently, the company is not required to submit the disclosure of Related Party Transactions under this regulation for the aforesaid quarter.
The disclosure was signed by Arti Lalwani, Company Secretary and Compliance Officer (Membership no. A59871), on behalf of Spice Islands Industries Limited from their registered office in Mumbai.