S.P. Apparels Ltd

S.P. Apparels Ltd has announced December 10, 2026, as the record date for the sub-division of its equity shares. This decision was approved by the Board of Directors on October 6, 2026, and subsequently ratified by the shareholders at the 21st Annual General Meeting held on September 21, 2026. The sub-division will change the face value of each equity share from Rs. 10 to Rs. 2, effectively increasing the number of shares by a factor of five. The new shares will rank pari-passu with the existing ones.

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.

S.P. Apparels Ltd has announced the closure of its trading window for the quarter ended September 30, 2026. The trading window will be closed from October 1, 2026, and will reopen 48 hours after the declaration of the financial results for the quarter. During this period, Directors, Designated Employees, their dependent family members, and Connected Persons of S.P. Apparels Limited are prohibited from engaging in any transactions involving the purchase or sale of the company's securities. Any contravention of these restrictions will result in penalties as per the company's Insider Trading Code.

S.P. Apparels Ltd has submitted a revised Annual Report for FY 2025-26, correcting typological errors from the original submission on August 28, 2026. The corrections relate to the signing date in the AGM Notice and the total share capital value in the post sub-division column for specific items in the explanatory statement. The revised report also highlights strong financial performance for FY26, with revenue up 13.2% to ₹1,578 crore, EBITDA up to ₹217 crore (13.8% margin), and PAT at ₹100.95 crore. The company focused on execution, customer relationships, and expanding its manufacturing footprint, including strengthening Sri Lanka operations.

Mr. P. Sundararajan, Managing Director of S.P. Apparels Limited, has sold 5,00,000 equity shares of the company through a market transaction. This disclosure was made in compliance with Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The sale represents a portion of his total shareholding, reducing his stake from 49.88% to 48%. The transaction occurred on August 28, 2026.

S.P. Apparels Ltd has announced its 21st Annual General Meeting (AGM) to be held on Monday, September 21, 2026, at 4:00 PM IST via Video Conferencing (VC) / Other Audio Visual Means (OVAM). The meeting agenda includes the adoption of standalone and consolidated financial statements for the fiscal year ended March 31, 2026, declaration of dividend, appointment of a director, and a special business item: the sub-division of equity shares from Rs. 10/- to Rs. 2/-. The book closure for the AGM is scheduled from September 15, 2026, to September 21, 2026, with a cut-off date of September 14, 2026.

S.P. Apparels Ltd has informed the stock exchanges about the dispatch of a letter to shareholders who have not registered their email IDs. This letter provides a web-link to the Annual Report for the Financial Year 2025-26, in compliance with SEBI Listing Regulations. The 21st Annual General Meeting (AGM) is scheduled for September 21, 2026, via Video Conferencing. The company also reminded shareholders to update KYC details and dematerialize physical securities, highlighting the electronic payment mandate for dividends and other payments from April 1, 2024, for folios lacking updated information.

S.P. Apparels Ltd has disclosed its Annual Report for FY 2025-26, detailing a strong financial performance. The company reported a consolidated revenue from operations of ₹1,578 crore, a 13.2% increase year-on-year from ₹1,395 crore in FY25. EBITDA rose to ₹217 crore from ₹187 crore, with an improved EBITDA margin of 13.8%. Profit after tax stood at ₹100.95 crore, up from ₹95.10 crore in the previous fiscal. The Garment Division, including Young Brand Apparel, achieved adjusted operational revenue of ₹1,421 crore and adjusted EBITDA of ₹230 crore. The report highlights strategic progress, disciplined growth, and resilience amidst global apparel market challenges, including shifting sourcing patterns and geopolitical disruptions. The company emphasized strengthening its Sri Lanka operations for geographic diversification and risk reduction.

S.P. Apparels Ltd has announced its 21st Annual General Meeting (AGM) will be held on September 21, 2026. The Board of Directors, in a meeting on August 11, 2026, approved the standalone and consolidated un-audited financial results for the quarter ended June 30, 2026. A final dividend of ₹3.00 per share (30%) for the financial year ended March 31, 2026, has been recommended, with a record date of September 4, 2026. Additionally, the company plans to sub-divide its equity shares from a face value of ₹10 to ₹2 (1:5 split) to enhance liquidity and attract small investors, subject to shareholder approval. Alterations to the SPAL Employee Stock Option Plan 2024 are also proposed. The book closure for the AGM is from September 15 to September 21, 2026, with a cut-off date of September 14, 2026, for remote e-voting.

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.