S. P. Apparels Limited has informed the Exchange regarding Appointment of Mr. Sundararajan as Chairman & Managing Director of the company w.e.f. November 21, 2025.
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S. P. Apparels Limited's board, at its meeting on August 6, 2025, approved the re-appointment of Mr. Sundararajan Perumal Mudaliar as Chairman & Managing Director for a 3-year term effective November 21, 2025, subject to shareholder approval. The board also re-appointed two Independent Directors — Mrs. H. Lakshmi Priya and Mr. C.R. Rajagopal — for a second 5-year term each effective September 2, 2025. Additionally, MDS & Associates LLP was appointed as Secretarial Auditor for a 5-year term starting FY2025-26. The board recommended a final dividend of Rs. 2.00 per equity share (20% on face value of Rs. 10) for FY ended March 31, 2025, payable within 30 days of the AGM. The 20th AGM is scheduled for September 1, 2025, with book closure from August 26 to September 1, 2025.
Continuity in leadership with the existing CMD and Independent Directors being retained should provide stability for shareholders. The 20% final dividend offers a reasonable income return, and the appointment of a new secretarial auditor strengthens governance compliance.