S. P. Apparels Limited has informed the Exchange that Board of Directors at its meeting held on August 06, 2025, recommended Final Dividend of 2 per equity share.
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The Board of Directors of S. P. Apparels Limited, at its meeting held on August 6, 2025, recommended a final dividend of Rs. 2.00 per equity share (20%) on the face value of Rs. 10 for FY 2024-25. The dividend will be paid within 30 days of the Annual General Meeting, which is scheduled for September 1, 2025. The Board also approved the re-appointment of Mr. Sundararajan Perumal Mudaliar as Chairman & Managing Director for 3 years, and re-appointed two independent directors for a second term of 5 years. Additionally, MDS & Associates LLP was appointed as the new Secretarial Auditor for 5 years. The register of members will be closed from August 26 to September 1, 2025, with August 25, 2025 set as the cut-off date for e-voting eligibility.
Shareholders are set to receive a Rs. 2 per share dividend pending AGM approval, providing a modest income return. The record date window (book closure from August 26) is important for investors to ensure shareholding eligibility. Routine re-appointments suggest board continuity with no major governance changes.