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Latest news about SP Apparels

S.P. Apparels Limited Issues Postal Ballot Notice for Executive Director Re-appointment and Loan Provisions 1 day ago

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.

S.P. Apparels Reports Steady Q3 FY26 Performance, Maintains FY27 Revenue Guidance at INR 2,000 Crores 3 days ago

SP Apparels Reports Strong Q3FY26 Results with 6.6% Revenue Growth and Key Board Decisions 10 days ago

S.P. Apparels Reports Strong Q2 Performance with Profitable Turnaround in SPUK and Retail Divisions Nov 20, 2025

SP Apparels Completes Postal Ballot Process for Independent Director Appointment Nov 15, 2025

More news about SP Apparels

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.