Spice Islands Industries Appoints New Directors, Names Non-Executive Chairman Dr. Huzaifa Habil Khorakiwala
Spice Islands Industries Ltd., formerly Spice Islands Apparels Limited, has announced two key Board appointments, appointing Dr. Huzaifa Habil Khorakiwala as a director and the company's Non-Executive Chairman, alongside Mr. Nikhil Saran Mathur as another additional non-executive director. The appointments were approved by the company’s Board of Directors and are effective from June 10, 2026, subject to shareholder approval.The board utilized its Nomination and Remuneration Committee recommendation to approve the appointment of Dr. Huzaifa Habil Khorakiwala (DIN: 02191870) as an Additional Director (Non-Executive) and Non-Executive Chairman of the company, effective June 10, 2026.
Dr. Khorakiwala is described as a distinguished global humanitarian leader, philanthropist, and corporate executive. He currently serves as Executive Director of Wockhardt Limited and CEO & Trustee of the Wockhardt Foundation. Through his work with the foundation, he has supported rural healthcare access via the Mobile 1000 initiative across remote regions of India. Furthermore, Dr. Khorakiwala is the Founder of the I Am Peacekeeper Movement, a global community focused on promoting peace and human values. He holds an alumni status from Yale University School of Management and has received several international honors, including a Knighthood and honorary doctorates for his humanitarian contributions.
The company also appointed Mr. Nikhil Saran Mathur (DIN: 00192195) as an Additional Director (Non-Executive), effective June 10, 2026. The appointment follows the recommendation of the Nomination and Remuneration Committee.
Mr. Mathur is identified as an accomplished business leader with broad experience spanning real estate, finance, international trade, marketing, aviation, infrastructure, and emerging technologies. His professional background includes serving as CEO of Lloyds Realty Limited. Mr. Mathur’s expertise lies in strategic development, financial restructuring, public issues, investment structuring, and international collaborations. He currently holds directorial roles at various companies operating in the aerospace, real estate, infrastructure, advertising, health, and fitness sectors. Additionally, he is associated with technology-driven initiatives focusing on artificial intelligence, drones, smart building inspection, and infrastructure maintenance solutions.
Both Dr. Khorakiwala and Mr. Mathur have been confirmed as not being related to any existing director of the company, nor are they debarred from holding directorial office by order of SEBI or any other authority.
Stock Price Movement
At the close of trade today, Spice Islands Industries Ltd. shares slipped to ₹429.40, registering a 5.00% decline. These shares saw movement across the day's range, reaching lows of ₹429.40 and highs of ₹469.45.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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