The Board of Directors of Spice Islands Industries Limited has approved and passed resolution by circulation dated May 21, 2024, for entering into agreement with the Sole Proprietor Firm i.e. Hotel Holiday Icon Dev Bhoomi Dwarika for entering into new line of business i.e. Managing all bookings, staffing and other management services. With the growing demand in the Hotel Industry and with the initiative and encouragement of the Government of India through various incentive schemes, the Company would like to avail the benefits arising from the growing demands of the proposed new business and it will also help as an import substitute.