S.P. Apparels Limited has made a strategic equity investment of Rs. 6,01,63,090 in its wholly owned subsidiary S.P. Apparels International Private Limited (SPAIP), based in Sri Lanka. The investment, completed on April 9, 2026, represents the company's commitment to expanding its manufacturing footprint and leveraging international operational advantages.

Investment Details and Strategic Rationale

The equity infusion of Rs. 6,01,63,090, equivalent to USD 6,50,000, aims to strengthen the subsidiary's operations and enable business expansion. According to the company's disclosure, the investment is driven by strategic advantages and cost-effective manufacturing circumstances in Sri Lanka.

Subsidiary Company Profile

S.P. Apparels International Private Limited operates as a garment manufacturing entity in Sri Lanka. The subsidiary was incorporated on October 16, 2023, and has established its presence in the manufacturing sector within a relatively short timeframe.

Regulatory Compliance and Related Party Aspects

The transaction has been classified as a related party transaction under SEBI regulations. Key promoters of S.P. Apparels Limited, including Managing Director Mr. P. Sundararajan and Joint Managing Director Mr. S. Chanduran, also serve as directors in the subsidiary company.

The investment disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and follows the guidelines outlined in SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Business Expansion Strategy

The investment reflects S.P. Apparels Limited's strategic approach to international expansion and operational diversification. By strengthening its Sri Lankan subsidiary, the company aims to capitalize on favorable manufacturing conditions and expand its production capabilities in the garments sector. The cash-based equity investment demonstrates the parent company's confidence in the subsidiary's growth potential and the strategic value of its Sri Lankan operations.

S.P. Apparels Limited has filed its quarterly compliance certificate with stock exchanges, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The Tamil Nadu-based apparel manufacturer submitted the mandatory documentation for the quarter ended March 31, 2026.

Regulatory Compliance Filing

The company submitted the certificate to both Bombay Stock Exchange Limited and National Stock Exchange of India Limited on April 10, 2026. The filing was made under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, which governs dematerialisation compliance requirements.

Registrar Confirmation

MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, serves as the company's Registrar and Share Transfer Agent. The RTA issued the compliance certificate dated April 3, 2026, confirming adherence to dematerialisation requirements during Q4FY26.

The certificate confirms that securities received from depository participants for dematerialisation during the quarter were properly processed and confirmed to depositories within prescribed timelines. Additionally, the registrar verified that security certificates received for dematerialisation were mutilated and cancelled after due verification, with depositories' names substituted in the register of members as registered owners.

Company Leadership

K. Vinodhini, Company Secretary and Compliance Officer, signed the filing on behalf of S.P. Apparels Limited. The company maintains its registered office at 39-A, Extension Street, Kaikattipudur, Avinashi - 641 654, Tamil Nadu, India.

About the Filing

This quarterly compliance certificate represents a standard regulatory requirement for listed companies to ensure proper handling of dematerialised securities. The filing demonstrates S.P. Apparels Limited's commitment to maintaining regulatory compliance and transparent corporate governance practices in accordance with SEBI guidelines.