
Dividend11 Aug 2026, 05:43 pm
S.P. Apparels Recommends ₹3 Final Dividend, Approves 1:5 Stock Split
AI Summary
S.P. Apparels Ltd announced its Board of Directors has approved a final dividend of ₹3.00 per share (30%) for the financial year ended March 31, 2026. The company also recommended a sub-division of existing equity shares from a face value of ₹10 to ₹2, effectively a 1:5 stock split, to enhance liquidity and attract retail investors. The Board also approved standalone and consolidated un-audited financial results for the quarter ended June 30, 2026. The 21st Annual General Meeting will be held virtually on September 21, 2026, with a book closure from September 15-21, 2026.
Key Highlights
- Recommended final dividend of ₹3.00 per share for FY26.
- Approved a 1:5 stock split to make shares more affordable.
- Board reviewed Q1 FY27 un-audited financial results.
- AGM scheduled for September 21, 2026, for shareholder approvals.
- Alterations to ESOP plan approved due to share split.
Price Impact
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