S.P. Apparels invests ₹6.32 Cr in UK subsidiary for expansion

S.P. Apparels Ltd has invested ₹6,31,52,500 (GBP 500,000) as equity in its wholly-owned UK subsidiary, S.P. Apparels UK P Limited (SPUK), on April 21, 2026. This investment aims to strengthen SPUK's capital base, support ongoing business expansion, meet working capital requirements, enhance operational capabilities, and expand market presence in the UK and European markets. SPUK, incorporated in 2014, is engaged in the wholesale trade of textiles and textile products, with a turnover of 6,952,347 GBP as of March 2025. The transaction is considered a related party transaction, as Mr. P. Sundararajan, MD and Promoter of S.P. Apparels, is also a director in SPUK, and was done at arm's length. The company's shareholding in SPUK remains 100% post-investment.