S. P. Apparels Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot and Declaration of Voting Results
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S.P. Apparels Limited has declared the results of its postal ballot conducted through remote e-voting between March 11 and April 9, 2025. Three special resolutions were passed by shareholders with strong majority. The appointment of Ravishankar Balaraman as Non-Executive Independent Director received 95.91% approval (1.98 crore shares in favour vs 8.47 lakh against). Re-appointment of Sundararajan Chenduran as Joint Managing Director got 94.43% support, while re-appointment of Sundararajan Shantha as Joint Managing Director also received 94.43% support. Out of 16,642 eligible shareholders, 92 members participated in the voting, representing 2.07 crore shares.
All three resolutions cleared with over 94% shareholder support, showing strong confidence in the company's board composition and management team. The comfortable margins on all resolutions suggest no governance concerns, and the appointments strengthen both independent oversight and continuity in the promoter-led management structure.