Board Meeting6 Oct 2026, 01:50 pm
S.P. Apparels Ltd: Board Meeting Outcome - Share Sub-division Record Date Set
AI Summary
S.P. Apparels Ltd announced the outcome of its Board Meeting held on October 6, 2026. The Board has fixed December 10, 2026, as the record date for the sub-division of equity shares. This sub-division, previously approved by shareholders at the 21st AGM on September 21, 2026, will change the face value of each equity share from Rs. 10 to Rs. 2, resulting in five new shares for every one existing share. The meeting was held from 1:00 PM to 1:30 PM.
Key Highlights
- Record date set for equity share sub-division: December 10, 2026.
- Face value of equity shares to be sub-divided from Rs. 10 to Rs. 2.
- Each existing equity share will be split into five new shares.
- Shareholders approved the sub-division at the 21st AGM.
- Board meeting concluded within 30 minutes.
Price Impact
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