SPL Industries Limited promoter Kiran Aggarwal reduced her shareholding by 2.79% through a gift transfer of equity shares on June 25, 2026. The transaction involved an inter se transfer amongst promoters, executed via a gift deed with no consideration involved. Consequently, Aggarwal's stake in the company has decreased from 22.87% to 20.08% of the paid-up share capital.

The disclosure was submitted to the National Stock Exchange of India Limited and BSE Limited in compliance with regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transfer specifically involved 8,07,784 shares carrying voting rights. Prior to the transaction, Aggarwal held 66,31,393 shares, which accounted for 22.87% of the total voting capital.

Shareholding Details

The transfer has adjusted the promoter's holding structure within the textile manufacturer. The total equity share capital of the company remains unchanged at Rs. 29,00,00,040, divided into 2,90,00,004 equity shares of Rs. 10 each.

The transaction was finalized off-market, and the requisite disclosures were filed by the promoter on June 26, 2026. The company's stock is listed on both the NSE (Symbol: SPLIL) and BSE (Scrip Code: 532651).

SPL Industries Ltd's board has approved the reappointment of its Managing Director and three Independent Directors for five-year terms, ensuring continuity in leadership and governance. The decisions, taken during a board meeting on June 5, 2026, are subject to the approval of shareholders in the forthcoming General Meeting. The reappointments cover key managerial personnel and independent oversight roles critical for the textile manufacturer's strategic direction.

Mr. Mukesh Kumar Aggarwal has been reappointed as Managing Director and Key Managerial Personnel for a further term of five years commencing from May 15, 2026. Aggarwal, who has been associated with the textile industry for several years and serving on the board since 2004, brings extensive experience in manufacturing, sourcing, and exports. He is the husband of Mrs. Shashi Agarwal, Wholetime Director of the company.

The board also approved the reappointment of three Independent Directors for a second term of five consecutive years starting July 10, 2026. Mr. Sudeepta Ranjan Rout, Mr. Varun Bansal, and Mr. Vikash Jalan will continue their tenure, not liable to retire by rotation. Their first terms conclude at the close of business hours on July 9, 2026. The board confirmed that all three directors fulfil the conditions specified under the Companies Act, 2013 and SEBI (LODR) Regulations, 2015, and are independent of the management.

Director Profiles and Tenures

The following table details the reappointed directors and their respective terms:

Mr. Sudeepta Ranjan Rout possesses professional experience in finance, accounting, taxation, audit, and corporate governance, having served on the board since 2021. Mr. Varun Bansal brings expertise in organizational leadership and business management, contributing to strategy and operational efficiency. Mr. Vikash Jalan offers extensive experience in corporate planning and strategic management, aiding in risk management and sustainable growth initiatives.

The disclosures confirm that none of the directors are debarred from holding the office of director by virtue of any SEBI order or other authority. The reappointments were made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.