sp apparels has issued a corporate guarantee of ₹12.51 crore to The Hongkong and Shanghai Banking Corporation Limited to secure a term loan facility availed by its wholly-owned subsidiary, SP Apparels (UK) P Limited. The disclosure was made to the stock exchanges on July 8, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The guarantee amount of ₹12,51,33,300 serves as security for the subsidiary's borrowing, with no immediate financial impact on the parent company other than its classification as a contingent liability in the financial statements.

The transaction involves an interest from the promoter group, as Mr. P. Sundararajan, Chairman & Managing Director of S P Apparels, serves as a director in the UK subsidiary. The company confirmed that the transaction was conducted at arm's length. The guarantee was issued to HSBC UK Bank PLC, formally known as The Hongkong and Shanghai Banking Corporation Limited, to support the credit facility extended to the overseas entity.

Details of the Guarantee

The filing provided specific particulars regarding the guarantee and the parties involved in the transaction. The following table outlines the key details disclosed to the exchanges:

The regulatory reference cited in the disclosure is the SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. K. Vinodhini, Company Secretary and Compliance Officer, signed the disclosure on behalf of S P Apparels.

Mrs. P.V. Jeeva, a Designated Person and Chief Executive Officer at S.P. Apparels , has sold 2,245 equity shares through market transactions between June 3 and June 15, 2026. The sales were conducted pursuant to Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The total value of the transactions amounted to Rs. 19,11,700, executed in two separate tranches.

The first tranche involved the sale of 1,115 shares for Rs. 8,90,604 on June 3, 2026. The second tranche comprised 1,130 shares sold for Rs. 10,21,096 on June 15, 2026. The company intimated the stock exchanges regarding this disposal on June 17, 2026.

Prior to these transactions, Mrs. P.V. Jeeva held 16,795 equity shares, representing 0.07% of the company's shareholding. Following the disposal, her holding has reduced to 14,550 equity shares, which accounts for 0.06% of the total share capital. The transactions were confirmed via a disclosure in Form C submitted to the exchanges.

Details of Share Disposal

The following table outlines the specific details of the share sales by Mrs. P.V. Jeeva:

The disclosure confirmed that there were no trading activities in the company's derivatives by the insider during this period.