S.P. Apparels Recommends Dividend, Approves Share Split Amid Strong Q1 Financial Results

S.P. Apparels Recommends Dividend, Approves Share Split Amid Strong Q1 Financial Results​

S.P. Apparels Limited announced a series of key corporate actions following its Board meeting on August 11, 2026, including the recommendation of a final dividend and the approval of a significant share sub-division to enhance market liquidity. The company also released its un-audited financial results for the quarter ended June 30, 2026.

The Board recommended a final dividend of Rs. 3.00 per share (representing 30%) on the face value of Rs. 10/- each for the financial year ending March 31, 2026. The record date designated for this dividend payment is September 4, 2026, with the payment scheduled within 30 days from the Annual General Meeting (AGM).

In a major capital structure move, the company approved the sub-division of its existing equity shares. One equity share with a face value of Rs. 10/- was to be split into five equity shares, each having a face value of Rs. 2/-. This alteration is subject to shareholder approval at the ensuing 21st Annual General Meeting and is intended to encourage participation from small investors by making the equity more affordable and thereby enhancing liquidity.

Financial Performance Highlights​

The company's un-audited financial results demonstrated strong performance across both consolidated and standalone metrics for the quarter ended June 30, 2026.

Consolidated Q1FY27 Performance:
Total Income stood at Rs. 4,046.26 million. The company reported Net Profit after tax of Rs. 248.74 million, with Earnings Per Share (EPS) standing at Rs. 9.89 (Basic).

Standalone Q1FY27 Performance:
The standalone results indicated a strong growth for the company's Equity segment. Adjusted Revenue from Operations was reported at Rs. 2,659.4 million. Profit after Tax reached Rs. 265.4 million, reflecting a robust 33.4% year-over-year (YoY) growth compared to Q1FY26. Earnings per share for the quarter stood at Rs. 10.5, up from Rs. 7.9 in Q1FY26.

Corporate Actions and Operational Timelines​

The board meeting of August 11, 2026, approved several operational updates and timelines related to the company's capital structure and forthcoming general meetings:

• Share Split: The sub-division was confirmed with a split ratio of 1:5. The rationale stated that the move aims to encourage participation from retail investors and enhance equity liquidity.
• Employee Stock Option Plan Alteration: The Board also approved the necessary alteration to the SPAL Employee Stock Option Plan 2024 and its Scheme A & B due to the share sub-division.
• Annual General Meeting (AGM): The 21st Annual General Meeting of members is scheduled virtually for Monday, September 21, 2026.
• Book Closure: The company's register of members and share transfer books will be closed from Tuesday, September 15, 2026, through Monday, September 21, 2026, to take on record for the AGM.
• Voting Cut-off Date: The cut-off date for shareholder eligibility to vote electronically in the virtual AGM is September 14, 2026.

Financial Data Summary (Q1FY27)​

A detailed comparison of Q1FY27 figures against previous periods showcases the company's financial health:


The Altered Capital Clause of the Memorandum of Association reflects that Authorized Share Capital is Rs. 47,25,00,000/- divided into 23,62,50,000 Equity Shares of face value Rs. 2/- each.

SPAL Stock Price Movement​

On Tuesday, S. P. Apparels Limited shares edged higher, gaining 1.13% to settle at ₹1074.5. The stock traded actively with a volume of 69,139 shares, finding its range between a low of ₹1054.7 and a high of ₹1082.95.