StockWatch
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Garments & Apparels
Board Meeting11 Aug 2026, 05:52 pm

S.P. Apparels Approves Final Dividend & Share Split

AI Summary

S.P. Apparels Ltd announced key decisions from its Board Meeting held on August 11, 2026. The board recommended a final dividend of ₹3.00 per share for FY26 and approved a 1:5 stock split, reducing the face value from ₹10 to ₹2. The company also declared financial results for Q1 FY27 and approved alterations to its Employee Stock Option Plan. The record date for dividend is September 4, 2026. The 21st AGM will be held virtually on September 21, 2026, with a cut-off date of September 14, 2026, for e-voting.

Key Highlights

  • Board recommended final dividend of ₹3.00 per share for FY26.
  • Approved a 1:5 stock split, face value reduced from ₹10 to ₹2.
  • Record date for dividend set as September 4, 2026.
  • AGM scheduled for September 21, 2026, with e-voting cut-off September 14.
  • Financial results for Q1 FY27 declared.