S. P. Apparels Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 01, 2025
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S. P. Apparels Limited has issued the notice for its 20th AGM to be held on Monday, September 1, 2025 at 4:00 PM via Video Conferencing. Key items on the agenda include adoption of FY25 audited financial statements, declaration of a dividend for FY25, and re-appointment of Mr. S. Chenduran as director retiring by rotation. The company also seeks shareholder approval to appoint MDS & Associates LLP as Secretarial Auditors for five years from FY 2025-26, re-appoint Mr. Sundararajan Perumal Mudaliar as Chairman & Managing Director for three more years from November 21, 2025 (with a salary of Rs. 10 lakh/month plus up to 1% commission on net profits), and re-appoint two Independent Directors — Smt. H. Lakshmi Priya and Mr. C. R. Rajagopal — for a second term of five years. FY25 financials show sales of Rs. 9,890.05 million (up from Rs. 9,639.84 million) but profit after tax fell to Rs. 835.31 million from Rs. 1,037.62 million, with EPS declining to Rs. 33.29 from Rs. 41.35. The register of members will remain closed from August 26, 2025 to September 1, 2025, with the dividend record/cut-off date set as August 25, 2025.
Shareholders should watch for the dividend declaration at the AGM and the cut-off date of August 25, 2025 to be eligible. The re-appointment of the promoter CMD and extension of two independent directors is largely procedural continuity, while the sharp fall in FY25 net profit (about 19%) despite higher revenue could attract investor attention at the meeting.