S. P. Apparels Limited has informed the Exchange regarding Change in Auditors of the company.
SPAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
S. P. Apparels held a board meeting on August 6, 2025, and approved several key items. The board re-appointed Mr. Sundararajan Perumal Mudaliar as Chairman and 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 each from September 2, 2025. MDS & Associates LLP, a Coimbatore-based firm of practicing company secretaries, was appointed as the new Secretarial Auditor for an initial 5-year term from FY 2025-26. The board recommended a final dividend of Rs. 2.00 per share (20%) on the Rs. 10 face value for FY ending March 31, 2025, and scheduled the 20th AGM for September 1, 2025 via virtual mode.
The re-appointments signal leadership continuity at the promoter level and stability in board composition. The Rs. 2 per share dividend offers modest income to shareholders. No immediate material concerns for investors; pending shareholder approval at the AGM in early September.