SPAL invests Rs 6.02 cr equity in Sri Lanka arm SPAIPL for expansion
SPAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
S. P. Apparels (SPAL) has invested Rs 6.02 crore (USD 650,000) as equity in its wholly owned Sri Lankan subsidiary S.P. Apparels International Pvt Ltd (SPAIPL), which manufactures garments. The investment is a related party transaction since promoters also sit on SPAIPL's board. SPAL already holds 100% stake, so shareholding is unchanged. SPAIPL reported turnover of 18.73 lakh LKR as of March 2025. The capital infusion aims to expand business and tap cost-effective manufacturing in Sri Lanka.
Small capex push into Sri Lanka for cheaper garment manufacturing. Modest size, so limited immediate impact on stock, but signals long-term geographic diversification.