S.P Apparels Limited Terminates Loan Agreement with Wholly Owned Subsidiary
S.P Apparels Limited has confirmed the termination of a previously established loan agreement involving its wholly owned subsidiary, S.P. Apparels (UK) (P) Limited. The decision follows that no funds were disbursed under the terms of the original agreement.The loan agreement had been entered into on June 11, 2026, between S.P Apparels Limited and its Wholly owned subsidiary.
According to the company, the termination occurred because the agreed conditions outlined in the Agreement were not fulfilled, resulting in the non-disbursement of any loan amount by the Lender (S.P Apparels Limited) to the Borrower (S.P. Apparels (UK) (P) Limited).
The cancellation of the agreement does not have any material financial impact on S.P Apparels Limited.
SPAL Stock Price Movement
S. P. Apparels Limited shed 2.48% today, settling at ₹986.1 following the market close. The stock saw moderate trading activity, with a total of 34,966 shares exchanged during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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