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Latest news about SP Apparels

SP Apparels Promoters Declare No Share Encumbrance for FY 2025-26 2 days ago

SP Apparels Limited filed a regulatory declaration confirming no promoter share encumbrance during FY 2025-26. P. Sundararajan submitted the mandatory SEBI compliance filing on behalf of all promoters, demonstrating adherence to takeover regulations and maintaining transparency in promoter holdings for investor protection.

SP Apparels Limited Invests ₹6.32 Crore in UK Subsidiary for Business Expansion 2 days ago

S.P. Apparels Limited Invests Rs. 6.01 Crores in Wholly Owned Sri Lankan Subsidiary Apr 12, 2026

S.P. Apparels Limited Submits SEBI Compliance Certificate for Q4FY26 Apr 11, 2026

S.P. Apparels Issues ₹27.96 Crore Corporate Guarantee to HSBC Bank for Associate Company Apr 07, 2026

More news about SP Apparels

23Mar 26

S.P. Apparels Completes Postal Ballot with Shareholder Approval for Key Resolutions

S.P. Apparels Limited successfully concluded its postal ballot process on March 23, 2026, with shareholders approving two special resolutions through remote e-voting. The first resolution for re-appointment of Mrs. S. Latha as Executive Director received 95.92% approval, while the second resolution for loan guarantee authorization under Section 185 secured 82.93% support from participating shareholders.

03Mar 26

SP Apparels Allots 46,283 Equity Shares Under ESOP 2024, Raises Rs. 1.16 Crore

SP Apparels Limited has successfully allotted 46,283 equity shares under its Employee Stock Option Plan 2024 at an exercise price of Rs. 250 per share, generating Rs. 1.16 crore in proceeds. The allotment, approved by the Nomination Remuneration Committee on March 2, 2026, increased the company's total issued shares to 25,138,883 and share capital to Rs. 25.14 crore, with all regulatory compliance requirements fulfilled.

19Feb 26

S.P. Apparels Limited Issues Postal Ballot Notice for Executive Director Re-appointment and Loan Provisions

S.P. Apparels Limited has issued a postal ballot notice seeking shareholder approval for two special resolutions through remote e-voting from February 20 to March 21, 2026. The first resolution involves re-appointing Mrs. S. Latha as Executive Director for 3 years from August 16, 2026, with a monthly salary of ₹6,00,000 plus benefits. The second resolution seeks approval for loan and guarantee provisions up to ₹100,00,00,000 under Section 185 of the Companies Act. The cut-off date for eligible shareholders is February 13, 2026, with results to be declared within 2 working days of the e-voting conclusion.

18Feb 26

S.P. Apparels Reports Steady Q3 FY26 Performance, Maintains FY27 Revenue Guidance at INR 2,000 Crores

S.P. Apparels Limited reported steady Q3 FY26 results with consolidated revenue of INR 382.9 crores (up 6.6% YoY) and PAT of INR 27.0 crores (up 9.1% YoY). For nine months FY26, the company achieved strong consolidated revenue growth of 21.9% to INR 1,213.7 crores with PAT growth of 27.3% to INR 82.4 crores. Management maintains FY27 revenue guidance of INR 2,000 crores, supported by recent India-US and India-EU trade agreements that have resolved tariff uncertainties and improved customer engagement across key markets.

11Feb 26

SP Apparels Reports Strong Q3FY26 Results with 6.6% Revenue Growth and Key Board Decisions

SP Apparels Limited delivered robust Q3FY26 performance with consolidated revenue growing 6.6% to ₹3,829.47 million and net profit increasing 9.1% to ₹270.02 million. The company's board meeting approved several strategic decisions including Mrs. S. Latha's reappointment as Whole Time Director and authorization for loan/guarantee provisions, while scheduling a comprehensive earnings call for February 13, 2026.

30Dec 25

SP Apparels Completes Postal Ballot Process for Independent Director Appointment

SP Apparels Limited has successfully completed the postal ballot process for appointing Mr. Srinivas Chidambaram as Non-executive Independent Director, with shareholders providing overwhelming support through 100% approval of valid votes cast. The company officially declared results on December 27, 2025, and submitted the scrutinizer report to BSE and NSE on December 30, 2025, ensuring full regulatory compliance under SEBI listing regulations.

20Nov 25

S.P. Apparels Reports Strong Q2 Performance with Profitable Turnaround in SPUK and Retail Divisions

SP Apparels Limited reported robust Q2 financial results with consolidated revenue up 9.2% YoY to INR 427.00 crores and PAT surging 58.4% to INR 34.70 crores. The garment division saw 10.2% revenue growth, while SPUK and retail divisions achieved positive EBITDA. Export quantity increased by 24% YoY to 18.9 million pieces. The company maintained 83% capacity utilization in India and strengthened operations in Sri Lanka. Despite U.S. tariff challenges, SP Apparels maintains its INR 2,000.00 crores revenue guidance.

14Nov 25

SP Apparels Reports Robust Q2 Performance with 58% Surge in Net Profit

SP Apparels Limited posted strong Q2 FY26 results with consolidated net profit up 58.3% to ₹347.00 million. Revenue grew 10.3% to ₹4,273.43 million, while EBITDA increased 35.3% to ₹704.50 million. The Garment Division led performance with ₹3,892.10 million revenue and 17.1% EBITDA margin. Export volumes rose to 18.9 million pieces from 15.3 million in Q2 FY25. The company reported total assets of ₹13,440.40 million and strong operational cash flow of ₹990.89 million for the half-year.

08Nov 25

S.P. Apparels Invests Rs 43.5 Crore in Sri Lankan Subsidiary for Strategic Expansion

SP Apparels Limited has invested Rs 43,508,668 (approximately Rs 4.35 crore) as equity in its wholly-owned subsidiary, S.P. Apparels International Private Limited (SPAIPL) in Sri Lanka. The investment aims to expand business operations and leverage strategic advantages and cost-effective manufacturing. This related party transaction involves company promoters serving as directors in SPAIPL. The company has informed stock exchanges in compliance with SEBI regulations.

05Sept 25

S.P. Apparels Announces Board Changes with Re-appointments and New Independent Directors

SP Apparels Limited has made significant changes to its board composition. P. Sundararajan has been re-appointed as Managing Director, S. Latha as Executive Director, and A.S. Anand Kumar as Independent Director, each for five-year terms. C.R. Rajagopal and H. Lakshmi Priya have been appointed as new Independent Directors. P. Yesuthasen has retired as Independent Director. The board approved annual remuneration of Rs. 12.00 crore for the Managing Director and Rs. 7.20 crore for the Executive Director. Independent Directors will receive sitting fees. All appointments are subject to shareholder approval.

18Aug 25

S.P. Apparels Reports 63% Revenue Surge, Margins Face Pressure

SP Apparels, India's leading manufacturer and exporter of children's knitted garments, reported a 63.3% year-on-year increase in consolidated revenue, reaching ₹4,050.70 crore in Q1. The garment exports segment drove growth with a 35.8% revenue rise to ₹3,729.40 crore. Export volumes increased to 18.6 million pieces, with improved net sales realization of ₹147.20 per piece and 83% capacity utilization. Despite strong top-line growth, the company experienced margin compression, with EBITDA margin declining to 13.5% from 14.4% and PAT margin dropping to 5.1% from 7.3% year-on-year. The UK subsidiary showed revenue growth but continued to report losses.

14Aug 25

S.P. Apparels Reports 63% Revenue Growth in Q1, Proposes Dividend

SP Apparels, a textile industry player, reported robust Q1 financial results. Consolidated total revenue increased by 63.3% to Rs. 4,050.70 million. Consolidated EBITDA rose by 52.8% to Rs. 545.60 million, and profit after tax grew by 14.5% to Rs. 206.60 million. The garment division generated revenue of Rs. 3,729.40 million with an EBITDA margin of 14.6%. Export sales quantity increased to 18.6 million pieces. The board proposed a final dividend of Rs. 2.00 per equity share, subject to shareholder approval.

06Aug 25

S.P. Apparels Board Approves Key Re-appointments, Sets AGM Date, and Recommends Dividend

SP Apparels' Board of Directors has approved several important decisions. The company re-appointed Mr. Sundararajan Perumal Mudaliar as Chairman & Managing Director for three years and two non-executive Independent Directors for five-year terms. MDS & Associates LLP is recommended as the new Secretarial Auditor. The 20th AGM is scheduled for September 1, 2025, with a proposed final dividend of Rs. 2.00 per share. The company's Register of Members and share transfer books will be closed from August 26 to September 1, 2025.

27May 25

S.P. Apparels Reports Strong Q4 Performance with Revenue and Profit Growth

S.P. Apparels announced impressive Q4 financial results. Revenue surged 34.68% to ₹4.00 billion, while net profit increased 6.67% to ₹304.00 million. EBITDA grew 32.84% to ₹542.00 million, though EBITDA margin slightly decreased to 13.55%. The results demonstrate robust growth and operational efficiency, positioning the company well in the evolving apparel industry.