The base promoted three‐component reaction of β‐enamino imide, malononitrile and various cyclic α‐diketones in acetonitrile showed interesting molecular diversity. The reactions with acenaphthylene‐1,2 ‐dione and ninhydrin afforded functionalized spiro[indene‐2,4'‐pyrrolo[3,4‐b]pyridines] and spiro[acenaphthylene‐1,4'‐pyrrolo[3,4‐b]pyridines] in good yields. The similar reaction of phenanthrene‐9,10‐dione resulted in the formation of the unexpected complex phenanthro[9',10':4,5]furo[2,3‐c]pyrrolo[3,4‐b]pyrroles in satisfactory yields.