S. P. Apparels Limited has informed the Exchange regarding Appointment of Mrs. H. Lakshmi Priya as Non- Executive Independent Director of the company w.e.f. September 02, 2025.
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The board of S. P. Apparels, at its meeting on August 6, 2025, approved the re-appointment of Mr. Sundararajan Perumal Mudaliar as Chairman & Managing Director for another 3 years starting November 21, 2025. It also re-appointed two independent directors, Mrs. H. Lakshmi Priya and Mr. C.R. Rajagopal, for a second term of 5 years each from September 2, 2025, subject to shareholder approval. Additionally, MDS & Associates LLP was appointed as the new Secretarial Auditor for a 5-year term starting FY2025-26. The board recommended a final dividend of Rs. 2.00 per share (20% on face value of Rs. 10) for FY ended March 31, 2025, and set September 1, 2025 as the date for the 20th virtual AGM.
Continuity at the top with re-appointments signals board stability, while the Rs. 2 per share dividend offers a modest payout to shareholders. No disruptive changes — routine governance and AGM housekeeping overall.