S.P. Apparels Approves Share Split, Dividend, and MOA Alteration

S.P. Apparels Ltd announced a significant Board Meeting outcome on August 11, 2026. Key decisions include the approval of standalone and consolidated un-audited financial results for Q4 FY26, recommendation of a final dividend of ₹3.00 per share, and a sub-division of existing equity shares from ₹10 face value to ₹2 face value (1:5 split). This split aims to enhance liquidity and affordability for small investors. The company also approved alterations to its Memorandum of Association and the SPAL Employee Stock Option Plan 2024. The 21st Annual General Meeting is scheduled for September 21, 2026, for shareholder approval of these changes. The book closure date is set from September 15-21, 2026.