Split11 Aug 2026, 06:10 pm
S.P. Apparels Approves 1:5 Stock Split
AI Summary
S.P. Apparels Ltd announced a 1:5 stock split, dividing existing equity shares of face value Rs. 10 into shares of Rs. 2 each. This move aims to enhance liquidity and attract smaller investors. The Board also recommended a final dividend of Rs. 3.00 per share for FY26 and approved alterations to the SPAL Employee Stock Option Plan 2024. The company will hold its 21st Annual General Meeting virtually on September 21, 2026, with a record date for dividend yet to be announced. The split is subject to shareholder and regulatory approvals.
Key Highlights
- S.P. Apparels approves 1:5 stock split, face value changes from Rs. 10 to Rs. 2.
- Rationale: Increase liquidity and attract retail investors.
- Board recommended final dividend of Rs. 3.00 per share for FY26.
- AGM scheduled for September 21, 2026, for shareholder approvals.
- Alterations to ESOP Plan 2024 also approved.
Price Impact
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