S.P. Apparels Ltd

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.

S.P. Apparels Ltd announced a 1:5 stock split, dividing existing equity shares of face value Rs. 10 into shares of Rs. 2 each. This move aims to enhance liquidity and attract smaller investors. The Board also recommended a final dividend of Rs. 3.00 per share for FY26 and approved alterations to the SPAL Employee Stock Option Plan 2024. The company will hold its 21st Annual General Meeting virtually on September 21, 2026, with a record date for dividend yet to be announced. The split is subject to shareholder and regulatory approvals.

S.P. Apparels Ltd announced its Board of Directors meeting held on August 11, 2026, approved standalone and consolidated un-audited financial results for Q1 FY27. A final dividend of ₹3.00 per share for FY26 was recommended, with a record date of September 4, 2026. The company also proposed a 1:5 stock split, converting ₹10 face value shares to ₹2, subject to shareholder approval. The book closure for the 21st AGM is from September 15-21, 2026, with a cut-off date of September 14, 2026, for e-voting. The AGM is scheduled for September 21, 2026.

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 face value ₹10 to ₹2, a 1:5 split, to enhance liquidity and attract retail investors. The record date for the dividend payment is September 4, 2026. The company will hold its 21st Annual General Meeting virtually on September 21, 2026, where shareholders will vote on the share split and other proposals. The register of members will be closed from September 15 to September 21, 2026.

S.P. Apparels Ltd announced key decisions from its Board Meeting held on August 11, 2026. The board recommended a final dividend of ₹3.00 per share for FY26 and approved a 1:5 stock split, reducing the face value from ₹10 to ₹2. The company also declared financial results for Q1 FY27 and approved alterations to its Employee Stock Option Plan. The record date for dividend is September 4, 2026. The 21st AGM will be held virtually on September 21, 2026, with a cut-off date of September 14, 2026, for e-voting.

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.

S.P. Apparels Ltd announced board approval for its standalone and consolidated financial results for the quarter ended June 30, 2026. The board also recommended a final dividend of ₹3.00 per share for FY26 and approved a 1:5 stock split, reducing the face value from ₹10 to ₹2 to enhance liquidity and attract small investors. Additionally, alterations to the SPAL Employee Stock Option Plan 2024 were approved, subject to shareholder and regulatory approvals. The company also announced the date for its 21st Annual General Meeting, scheduled for September 21, 2026, with a book closure from September 15-21, 2026.

S.P. Apparels' consolidated (primary) revenue for Q1 FY27 was ₹401.1 Cr, essentially flat YoY (-0.6% vs ₹403.4 Cr in Q1 FY26) though up 9.9% QoQ off a seasonally softer Q4 FY26 (₹364.9 Cr). Consolidated PAT of ₹24.9 Cr grew 20.4% YoY (₹20.7 Cr in Q1 FY26) and 33.8% QoQ (₹18.6 Cr in Q4 FY26), with EPS at ₹9.89 vs ₹8.23 a year ago. Both revenue (~₹401 Cr) and PAT (~₹24.9 Cr) came in above the ₹344-396 Cr revenue and ₹12-15 Cr PAT ranges flagged in a pre-result Univest preview — a beat on both lines, though that preview was a trailing-growth projection, not a formal brokerage estimate. Management's own press release highlights the more flattering comparison for each basis — QoQ (+33.8%) on consolidated PAT and YoY (+33.4%) on standalone PAT — while the less-flattering consolidated YoY (+20.4%) isn't called out; the underlying numbers agree with management's figures, just not their framing. The growth was entirely a margin story. Consolidated NPM expanded to 6.2% from 5.1% a year ago, and the company's own disclosed EBITDA margin rose to 15.3% from 12.94% in Q1 FY26 (and 12.2% in Q4 FY26) — already at or above the 14-15% consolidated EBITDA margin band management guided for FY27, one quarter in. Standalone PAT of ₹26.5 Cr grew faster, +33.4% YoY, aided by standalone finance costs falling to ₹2.4 Cr from ₹7.2 Cr a year ago; consolidated finance costs instead rose to ₹14.9 Cr from ₹11.8 Cr, pointing to debt shifting toward the UK subsidiary — consistent with the loan agreement executed and then terminated with S.P. Apparels UK during the quarter and the ₹12.51 Cr corporate guarantee extended to it. That subsidiary's EBITDA stayed negative (₹(1.0) Cr) even as its revenue jumped 125% YoY to ₹33.3 Cr, so consolidated PAT growth (+20.4% YoY) trails the standalone print (+33.4%) by more than the usual divergence threshold, with the UK operation the drag. On the FY27 revenue target of ₹2,000 Cr consolidated (₹1,800 Cr Garmenting, ₹150 Cr SPUK, ₹80-90 Cr Retail Ventures), Q1's ₹401 Cr is roughly a fifth of the annual number — too early to call a miss but behind a straight-line pace, even as the margin band is already being met. Alongside results, the board recommended a final FY26 dividend of ₹3/share and approved a 1:5 stock split (face value ₹10 to ₹2, pending shareholder approval at the September 21, 2026 AGM) — moves aimed at broadening retail participation, not signals on operating performance. Segment-wise, the Garmenting division (incl. Young Brand Apparel) posted an adjusted EBITDA margin of 17.6% on ₹337.3 Cr revenue, S.P. Retail Ventures grew revenue 26.7% YoY to ₹18.8 Cr, and export volumes were 15.7 million pieces (S.P. Apparels) plus 5.0 million pieces (Young Brand Apparels) for the quarter.

S.P. Apparels Ltd has announced that its Board of Directors will convene on August 11, 2026. The meeting's agenda includes the consideration and approval of the standalone and consolidated unaudited financial results for the quarter ended June 30, 2026. Additionally, the board will discuss the recommendation of a final dividend for the financial year 2025-26, proposed alterations to the Memorandum of Association, a sub-division of equity shares from Rs. 10 to Rs. 2, and amendments to the SPAL Employee Stock Option Plan 2024.