S.P. Apparels Ltd. Reports Shareholder Resolutions Passed Via E-Voting
S.P. Apparels Ltd. announced on March 23, 2026, that shareholders approved two resolutions through electronic voting. The resolutions were passed on March 21, 2026, following a remote e-voting period.The first resolution approved the re-appointment and remuneration of Mrs. Sundararajan Latha (DIN: 00003388) as a Whole-Time Director, designating her as Executive Director. The second resolution secured approval for the company to advance loans or provide guarantees and security in connection with loans, as permitted under Section 185 of the Companies Act, 2013.
A total of 17,054 shareholders were eligible to vote, as of February 13, 2026.
Resolution Details:
| 1. | Date of declaration of Postal Ballot Voting Results | Monday, 23 rd March 2026 |
|---|---|---|
| 2 | Total number of Members as on Cut-off date for ascertaining the list of shareholders to whom the notice of Postal Ballot was sent and also for reckoning voting rights | 17054 shareholders (as on 13 th February 2026) |
Resolution 1: Re-appointment of Mrs. S. Latha
| Particulars | No. of E-Votes | No. of Shares | Percentage to valid votes |
|---|---|---|---|
| (a) Total E- Votes Received | 82 | 1,97,82,655 | |
| (b) Less: Invalid votes | - | - | |
| (c) Net Valid E-Votes | 82 | 1,97,82,655 | 100 |
| - Assent | 75 | 1,89,75,777 | 95.92 |
| - Dissent | 7 | 806878 | 4.08 |
Note: 2 Shareholders holding 1,57,429 Equity Shares have partially voted against the resolution for 2 shares and partially abstained from voting for 1,57,427 Equity Shares.
Resolution 2: Loan Guarantee Approval
| Particulars | No. of E-Votes | No. of Shares | Percentage to valid votes |
|---|---|---|---|
| (a) Total E- Votes Received | 82 | 1,97,82,655 | |
| (b) Less: Invalid votes | - | - | |
| (c) Net Valid E-Votes | 82 | 1,97,82,655 | 100 |
| - Assent | 49 | 1,64,05,567 | 82.93 |
| - Dissent | 33 | 33,77,088 | 17.07 |
Note: 2 Shareholders holding 1,57,429 Equity Shares have partially voted against the resolution for 2 shares and partially abstained from voting for 1,57,427 Equity Shares.
The results are also available on the company's website at www.spapparels.com. The Scrutinizer's report is available for review.
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