S. P. Apparels Limited has informed the Exchange regarding 'Business Responsibility & Sustainability Report'.
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Awaiting price reaction for this filing.
S.P. Apparels Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for FY 2024-25, filed under SEBI's Regulation 34(2)(f) as part of its 20th Annual Report. The Tirupur-based company manufactures garments (93% of turnover), with exports contributing around 93% of revenue, primarily to UK and USA premium brands. It operates 22 plants and 1 office across India, employing a total of 15,965 people (1,961 employees and 14,004 workers), with women making up nearly 74% of its workers. FY 2024-25 turnover stood at ₹9,816.23 million with net worth of ₹8,597.53 million. Key material sustainability issues identified include energy management and water conservation as opportunities, while health and safety is treated as both risk and opportunity. The company holds certifications such as ISO 9001:2015, OEKO-TEX, SEDEX, HIGG, and ZDHC, and has an anti-bribery policy with zero reported violations. Employee well-being spending rose to 3.59% of revenue, and all 608 employee grievances filed during the year were resolved.
This is a routine SEBI-mandated ESG disclosure filing and does not typically move the stock price. The report shows no fines, penalties, or significant safety incidents, indicating steady compliance. Investors may note the company's export dependence (93%) and its focus on sustainability-driven cost savings as longer-term positives.