S.P. Apparels Board Approves ₹2/Share Final Dividend

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The Board of Directors of S.P. Apparels has recommended a final dividend of ₹2 per share (20%) on the face value of ₹10 each for the financial year ended March 31, 2025. The dividend will be paid within 30 days from the date of the Annual General Meeting (AGM).

In a meeting held on August 6, 2025, the board also approved the re-appointment and remuneration of key managerial personnel and the appointment of a secretarial auditor.

The key decisions from the board meeting are as follows:

1. Re-appointment and Remuneration:

Mr. Sundararajan Perumal Mudaliar (DIN: 00003380) has been re-appointed as Chairman & Managing Director of the Company, effective November 21, 2025, subject to shareholder approval. He is related to Mrs.S.Latha, Executive Director, Mrs.S.Shantha & Mr.S.Chenduran, Joint Managing Directors.

Mrs. H. Lakshmi Priya (DIN: 08858643) has been re-appointed as a non-executive Independent Director of the Company for a second term of five consecutive years, effective September 2, 2025, subject to shareholder approval. She is not related to any other Directors.

Mr. C.R. Rajagopal (DIN: 08853688) has been re-appointed as a non-executive Independent Director of the Company for a second term of five consecutive years, effective September 2, 2025, subject to shareholder approval. He is not related to any other Directors.

2. Appointment of Secretarial Auditor:

MDS & Associates LLP, Company Secretaries, have been appointed as the Secretarial Auditor of the Company for the first term of five years.

3. Date of AGM:

The 20th Annual General Meeting of the members of the Company will be held virtually on Monday, September 1, 2025.

4. Book Closure:

The register of members and share transfer books of the Company will remain closed from Tuesday, August 26, 2025, to Monday, September 1, 2025 (both days inclusive) for the purpose of the 20th Annual General Meeting.

5. Cut-off Date:

The board has fixed August 25, 2025, as the cut-off date for determining the eligibility of shareholders to vote electronically at the virtual AGM and through remote evoting.

The Board Meeting commenced at 11:30 AM and concluded at 12:30 PM.

Further details regarding the outcome of the Board Meeting dated August 6, 2025, are available on the Company's website: https://www.s-p-apparels.com.

The dividend will be paid within 30 days from the date of Annual General Meeting.