S.P. Apparels Declares ₹2 Final Dividend for FY25; Share Price Jumps 5.37%

Tirupur, August 6, 2025 — S.P. Apparels Ltd (NSE: SPAL) has approved a final dividend of ₹2 per equity share for the financial year ended March 31, 2025. The company’s board approved the dividend recommendation during its meeting earlier today. The same will be subject to shareholder approval at the 20th Annual General Meeting scheduled for September 1, 2025.

SP Apparels Share Price Movement

At 03:15 PM, the share traded at ₹780.30 (5.37% higher than the previous day’s close). The low high range during the day remained between ₹737 and ₹781. The company’s P/E ratio is 19.50, comparatively lower than the industrial average of 33.40.

Dividend Overview

Motilal Oswal Financial Services has declared a final dividend of ₹2 per share (20%) on the face value of Rs. 10/- each. The dividend will be paid within 30 days after the annual general meeting (AGM), which is scheduled virtually on September 1, 2025. While the book closure is scheduled from August 26 to September 1, the cut-off date for determining eligible shareholders for dividends is August 25.

Implications for Investors

This payout indicates stable returns and growing financial stability. This confirms S.P. Apparels’ commitment to create shareholder value while also preserving the flexibility to reinvest and allocate capital internally in a disciplined and long-term manner.

Historical Dividend Track Record

S.P. Apparels has maintained a consistent approach to shareholder returns, aligning its dividend payouts with overall profitability. Notable dividends include ₹3.00 in FY23 and ₹2.25 in FY21, while in other years, the company opted for share buybacks or limited distributions via AGM. This balanced strategy reflects a commitment to delivering value to shareholders while preserving capital allocation flexibility for future investments and operational needs. The latest dividend recommendation reinforces this disciplined and shareholder-focused approach.

Additional Approval in the Board Meeting

The company has approved the re-appointment and remuneration of Mr. Sundararajan Perumal Mudaliar as Chairman & Managing Director. Additionally, Mrs. H. Lakshmi Priya and Mr. C.R. Rajagopal have been re-appointed as Non-Executive Independent Directors. The Board has also appointed MDS & Associates LLP, Company Secretaries, as the Secretarial Auditor for a first term of five years.

S.P. Apparels Ltd is a listed textile exporter headquartered in Tirupur, Tamil Nadu, engaged in manufacturing and exporting garments, primarily for infants and children. The company operates through a fully integrated model and caters to several leading international brands.

REF: https://nsearchives.nseindia.com/corporate/SPAL_06082025124657_Outcomeofbm.pdf

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