SP Apparels Board Approves Q1 Results, Recommends 30% Dividend & 1:5 Stock Split
S.P. Apparels Limited's Board approved Q1 FY27 results. Consolidated revenue was ₹4,010.8 million, PAT ₹248.7 million. Standalone PAT was ₹265.4 million. The Board recommended a final dividend of ₹3 per share and a 1:5 stock split. The 21st AGM is on September 21, 2026.
The stock split is a significant corporate action aimed at increasing liquidity and attracting retail investors, while the dividend payout and positive financial results directly impact shareholder value.
The company announced positive financial results, recommended a dividend, and proposed a stock split, all of which are generally viewed favorably by investors.
S. P. Apparels Limited announced the outcome of its Board Meeting held on August 11, 2026. The Board approved the standalone and consolidated un-audited financial results for the quarter ended June 30, 2026.
The company recommended a final dividend of ₹3.00 per share (30%) on the face value of ₹10 each for the financial year ended March 31, 2026. The dividend will be paid within 30 days from the date of the Annual General Meeting, with a record date set for September 4, 2026.
Furthermore, the Board approved a sub-division/split of existing equity shares from one share of ₹10 face value into five shares of ₹2 face value each. This proposal is subject to shareholder approval at the upcoming 21st Annual General Meeting (AGM) and other necessary regulatory approvals. The rationale behind the split is to encourage participation from small investors and enhance the company's equity share liquidity.
The Board also approved alterations to the SPAL Employee Stock Option Plan 2024 & its Scheme A & B, necessitated by the share split, also subject to shareholder approval at the AGM.
The Register of Members and share transfer books will be closed from September 15, 2026, to September 21, 2026, inclusive, for the purpose of the 21st AGM. The cut-off date for remote e-voting eligibility for the virtual AGM has been fixed as September 14, 2026. The 21st AGM is scheduled to be held virtually on September 21, 2026.
For the quarter ended June 30, 2026, on a consolidated basis, revenue from operations stood at ₹4,010.8 million, with EBITDA at ₹613.6 million and Profit After Tax at ₹248.7 million. On a standalone basis, revenue from operations was ₹2,751.2 million, with EBITDA at ₹465.8 million and Profit After Tax at ₹265.4 million.
What to do with a filing like this
S. P. Apparels Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by S. P. Apparels Limited. Read the original for the full detail.