S.P. Apparels Limited has filed a declaration on behalf of its promoters and promoter group under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure, submitted to the stock exchanges, covers the status of shareholdings as on March 31, 2026, for the fourth quarter of the fiscal year 2025-2026.

The company confirmed that the declaration was duly authorized by the promoters and members of the promoter group. P. Sundararajan, a promoter of the company, signed the declaration on April 2, 2026, affirming the details provided to the exchanges.

Key Details of the Disclosure

The submission provides transparency regarding the holdings and encumbrances of the promoter group. The key details of the filing are outlined below:

Declaration on Encumbrances

In the declaration, the promoter explicitly stated that no encumbrances have been made, directly or indirectly, other than those already disclosed. This confirmation applies to the entire financial year 2025-2026. The statement assures that the promoter group has complied with the regulatory requirements regarding the pledging or encumbrance of shares.

The communication was addressed to BSE Limited and the National Stock Exchange of India Limited for their records and necessary action.

SP Apparels Limited has submitted a regulatory declaration to stock exchanges confirming that its promoters have not created any encumbrance on their shareholding during the financial year 2025-2026. The declaration, dated 02.04.2026, was filed with both BSE and NSE in compliance with SEBI regulations.

Regulatory Compliance Declaration

P. Sundararajan, acting as the authorized representative of all promoters and promoter group members, submitted the mandatory declaration under Regulation 31(4) of The SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The declaration specifically states that no encumbrance has been made directly or indirectly by the promoters during the financial year 2025-2026, other than those already disclosed.

SEBI Regulatory Framework

The declaration fulfills the mandatory disclosure requirements under SEBI's takeover regulations, which require promoters to declare any encumbrance on their shareholding. This regulation ensures transparency in promoter dealings and protects investor interests by maintaining clear visibility of any restrictions or charges on promoter holdings.

Corporate Governance Implications

The filing demonstrates SP Apparels' commitment to regulatory compliance and corporate governance standards. By confirming the absence of new encumbrances on promoter shares, the company provides assurance to stakeholders about the unencumbered nature of promoter holdings, which is crucial for maintaining investor confidence and market transparency.

The declaration was also copied to the Chairman of the Audit Committee at the company's registered office in Avinashi, Tirupur District, ensuring internal governance protocols are maintained alongside regulatory compliance.