S.P. Apparels Ltd

S.P. Apparels Ltd has announced the closure of its trading window for the quarter ending June 30, 2026. The window will be closed from July 1, 2026, and will reopen 48 hours after the declaration of the financial results for the said quarter. During this period, directors, designated employees, their dependent family members, and connected persons are prohibited from trading in the company's securities. Any violation of this policy will attract penalties as per the Insider Trading Code.

S.P. Apparels Ltd announced that Mrs. P.V. Jeeva, a Designated Person and the Chief Executive Officer, has sold 2,245 equity shares of the company. The transaction was conducted through a market sale on June 15, 2026. This disclosure is made in compliance with Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. Following the sale, Mrs. Jeeva's holding in the company has been updated.

S.P. Apparels Ltd has executed a Loan Agreement with its wholly-owned subsidiary, S.P. Apparels (UK) (P) Limited. The agreement provides an unsecured loan facility of up to GBP 4,000,000 to the UK subsidiary, exclusively for its business and operations. The loan is payable on demand or within 3 years, whichever is earlier, and accrues interest at 9% per annum with annual rests. The transaction, executed on June 11, 2026, is classified as a related party transaction but is confirmed to be at arm's length.

Mr. V. Balaji, Chief Financial Officer of S.P. Apparels Ltd, has sold 1750 equity shares of the company through a market transaction. The sale occurred on June 3, 2026, with the disclosure made on June 5, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. This transaction represents a minor change in his shareholding, which was previously 5250 shares.

S.P. Apparels Ltd's consolidated audited financial results for the year ended March 31, 2026, have been approved. FY26 revenue from operations rose 13.2% YoY to ₹15,786.4 million, with EBITDA up 16.0% to ₹2,178.1 million and PAT at ₹1,009.5 million. Standalone revenue grew 11.8% to ₹11,007.2 million, with EBITDA at ₹1,813.4 million and PAT at ₹878.5 million. The board meeting, held on May 20, 2026, approved these results, which include unmodified audit opinions from ASA & Associates LLP.

S.P. Apparels Ltd's Board of Directors approved the audited financial results for the year ended March 31, 2026. Consolidated revenue from operations for FY26 stood at ₹15,786.4 million, a 13.2% increase YoY. EBITDA grew by 16.0% to ₹2,178.1 million, and profit after tax reached ₹1,009.5 million. Standalone revenue for FY26 was ₹11,007.2 million, up 11.8% YoY, with a profit after tax of ₹878.5 million.

S.P. Apparels Ltd has scheduled a Board of Directors meeting on May 20, 2026, to consider and approve the audited financial results of the company for the financial year ended March 31, 2026.

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.

S.P. Apparels Limited has invested INR 6,01,63,090 as equity in its Wholly Owned Subsidiary, S.P. Apparels International Private Limited (SPAIPL). The investment is aimed at expanding business operations and leveraging strategic advantages and cost-effective manufacturing circumstances in Sri Lanka. SPAIPL, incorporated in 2023, is engaged in manufacturing garments with a turnover of LKR 1,872,585 as of March 2025.

S.P. Apparels Ltd, a renowned company, has issued a corporate guarantee of INR 27.96 crores to The Hongkong and Shanghai Banking Corporation Limited on behalf of their associate company, Jumeirah Lanka Pvt Limited. This guarantee serves as security for a term loan facility availed by Jumeirah Lanka Pvt Limited. The Chairman & Managing Director of S.P. Apparels Ltd, Mr. P. Sundararajan, is also a director in Jumeirah Lanka Pvt Limited. This guarantee does not have any significant impact on S.P. Apparels Ltd other than disclosure in the Financial Statements as a Contingent Liability.