S. P. Apparels Limited has informed the Exchange regarding Outcome of Board Meeting held on August 06, 2025.
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S. P. Apparels Limited held its board meeting on August 6, 2025, and approved several key items. The board re-appointed Mr. Sundararajan Perumal Mudaliar as Chairman & Managing Director for 3 years starting November 21, 2025, and re-appointed two independent directors (Mrs. H. Lakshmi Priya and Mr. C.R. Rajagopal) for a second 5-year term from September 2, 2025. It also appointed MDS & Associates LLP as the new Secretarial Auditor for a 5-year term from FY 2025-26. The 20th Annual General Meeting has been scheduled for September 1, 2025, to be held virtually. The board recommended a final dividend of Rs. 2.00 per share (20%) on the face value of Rs. 10 for FY ended March 31, 2025, to be paid within 30 days of the AGM.
Shareholders will receive a Rs. 2 final dividend per share and can vote electronically in the virtual AGM on September 1, 2025; the record date for dividend eligibility falls within the book closure period of August 26 to September 1, 2025. The re-appointments of the promoter-MD and independent directors signal continuity in leadership and governance, while the new secretarial auditor appointment is a routine regulatory requirement.