S. P. Apparels Limited has informed the Exchange that Record date for the purpose of Dividend is 25-Aug-2025.
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On the reaction day the stock moved 4.8 pts more than Nifty Microcap 250 and 5.2 pts more than its Garments & Apparels peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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S. P. Apparels Limited's board has recommended a final dividend of Rs. 2.00 per share (20%) on the face value of Rs. 10 for FY 2024-25, with the record date set as August 25, 2025. The 20th Annual General Meeting will be held virtually on September 1, 2025, and the register of members will be 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 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 has been appointed as Secretarial Auditor for a 5-year term starting FY 2025-26.
Shareholders holding shares as of August 25, 2025 will be eligible for the Rs. 2.00 per share final dividend, which will be paid within 30 days of the AGM. The dividend yield significance depends on the current market price, but the announcement provides clarity on dividend eligibility and corporate governance continuity.