S.P. Apparels AGM Approves Resolutions, Dividend Declaration

Disclaimer This is an AI-assisted live blog with updates from multiple sources Disclaimer

S.P. Apparels Limited (SPAL.BO) convened its 20th Annual General Meeting (AGM) on September 1, 2025, announcing shareholder approval for key resolutions. These included the adoption of audited FY25 financials and dividend declaration, according to a company release.

The following resolutions were approved by shareholders:

1. Adoption of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2025.

1. Declaration of dividend on equity shares.

1. Re-appointment of Mr. S Chenduran as a director.

1. Appointment of MDS & Associates LLP as secretarial auditors.

1. Re-appointment of Mr. Sundararajan Perumal Mudaliar as Chairman and Managing Director.

1. Re-appointment of Mrs. Lakshmi Priya as an Independent Director.

1. Re-appointment of Mr. C.R. Rajagopal as an Independent Director.

Details of the resolutions and voting outcomes are presented below:

Note: 2 shareholders holding 31,018 equity shares abstained from voting. 4 shareholders holding 1,08,484 equity shares partially voted in favor of the resolution for 13 equity shares and abstained from voting for 1,08,471 equity shares.

The resolution for adopting audited financials passed as an ordinary resolution.

Note: 4 shareholders holding 1,08,484 equity shares partially voted in favor of the resolution for 13 equity shares and abstained from voting for 1,08,471 equity shares.

The dividend declaration was approved as an ordinary resolution.

Note: 4 shareholders holding 1,08,484 equity shares partially voted for the resolution for 13 equity shares and abstained from voting for 1,08,471 equity shares.

The re-appointment of Mr. S Chenduran as Director was approved as an ordinary resolution.

Note: 4 shareholders holding 1,08,484 equity shares have partially voted in favour of the resolution for 13 equity shares and partially abstained from voting for 1,08,471 equity shares.

The appointment of MDS & Associates LLP as Secretarial Auditors was approved as an ordinary resolution.

Note: 4 shareholders holding 1,08,484 equity shares have partially voted in favour of the resolution for 13 equity shares and partially abstained from voting for 1,08,471 equity shares.

The re-appointment of Mr. Sundararajan Perumal Mudaliar as Chairman and Managing Director was passed as a special resolution.

Note: 4 shareholders holding 1,08,484 equity shares have partially voted in favour of the resolution for 13 equity shares and partially abstained from voting for 1,08,471 equity shares.

The resolution for the re-appointment of Mrs. Lakshmi Priya as an Independent Director was passed as a special resolution.

Note: 4 shareholders holding 1,08,484 equity shares have partially voted in favour of the resolution for 13 equity shares and partially abstained from voting for 1,08,471 equity shares.

The re-appointment of Mr. C.R. Rajagopal as an Independent Director was passed as a special resolution.

According to the scrutinizer's report, all resolutions from Item No. 1 to Item No. 7 were approved by shareholders with the requisite majority.

According to the scrutinizer's report, all resolutions from Item No. 1 to Item No. 7 were approved by shareholders with the requisite majority.