S. P. Apparels Limited has informed the Exchange that Board of Directors at its meeting held on August 06, 2025, recommended Final Dividend of Rs. 2 per equity share.
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S. P. Apparels Limited's Board, at its meeting 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 ending March 31, 2025, to be paid within 30 days of the AGM. The 20th Annual General Meeting is scheduled virtually for September 1, 2025, with the register of members closed from August 26 to September 1, 2025. The Board also approved the re-appointment of Mr. Sundararajan Perumal Mudaliar as Chairman & Managing Director for 3 years, and the re-appointment of two independent directors (Mrs. H. Lakshmi Priya and Mr. C.R. Rajagopal) for a second term of 5 years each. Additionally, MDS & Associates LLP was appointed as the Secretarial Auditor for a first term of 5 years starting FY 2025-26.
Shareholders as of the record date will receive a Rs. 2 per share dividend, providing a modest income return. The re-appointments signal board continuity with no major leadership changes, which is generally neutral for the stock.