S. P. Apparels Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
SPAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
S. P. Apparels Limited announced the results of its postal ballot conducted via remote e-voting, with both special resolutions passed by shareholders. Resolution 1 approved the re-appointment and remuneration of Mrs. S. Latha (DIN: 00003388) as Whole-Time Director designated as Executive Director, receiving 95.92% votes in favor (1,89,75,777 shares) out of 1,97,82,655 total valid votes. Resolution 2 approved the company's ability to advance loans or give guarantees under Section 185 of the Companies Act, 2013, passing with 82.93% votes in favor. The voting was conducted between February 20, 2026 and March 21, 2026, with 17,054 shareholders eligible to vote, and M.D. Selvaraj of MDS & Associates LLP served as Scrutinizer.
Routine corporate governance update with no material impact on shareholders. The re-appointment of the Executive Director (likely a promoter family member given the close DIN sequence with CMD P. Sundararajan) ensures board continuity, while the Section 185 approval gives the company flexibility to extend loans or guarantees to related parties, which warrants monitoring for any future related-party transactions.