Sportking India Limited Approves Key Acquisitions and Recommends Dividend After Board Meeting

Sportking India Limited Approves Key Acquisitions and Recommends Dividend After Board Meeting​

Sportking India Limited announced several significant corporate developments following its Board of Directors meeting held on May 16, 2026. The Board approved the company's standalone audited financial results for the quarter and year ended March 31, 2026, alongside recommendations for strategic acquisitions and updates on its expansion initiatives.

The company also approved the re-appointment of M/s R.R & Co., Cost Accountants, to serve as the Cost Auditor for the financial year 2026-27.

Financial Results and Dividend Recommendation​

The Board considered and approved the Standalone Audited Financial Results of the Company for the Quarter and Year ended March 31, 2026. The company also confirmed that the Statutory Auditors issued an un-modified opinion on these audited standalone financial results.

Regarding shareholder returns, the Board recommended a Final Dividend structured as follows:

• Equity Shares: A dividend of Rs. 1/- per equity share (face value of Rs. 1/each) on fully paid equity shares, amounting to Rs. 1270.72 Lakhs. This dividend is subject to shareholder approval at the ensuing Annual General Meeting (AGM).
• Preference Shares: A dividend of 5% on Non-Cumulative Non-Convertible Redeemable Preference Shares (face value of Rs. 10/- each) on amounts totaling Rs. 34.16 Lakhs for FY 2025-26.

Strategic Acquisitions Update​

The Board provided updates on two major proposed acquisitions, both of which are pending final structuring.

1. Marvel Dyers and Processors Private Limited
The company, which had previously considered a merger proposal in October 2024, has now approved the acquisition of a majority stake in M/s Marvel Dyers and Processors Private Limited. Following detailed deliberations and the review of recommendations from KPMG, the Board approved the proposed majority stake. Marvel Dyers is engaged in the business of Dyeing, Printing, and Finishing of Fabrics. Sportking India Limited is currently evaluating the transaction structure and terms, noting that the consideration for the acquisition may be discharged in cash and/or by way of share issuance.

2. Sobhagia Sales Private Limited
The Board also approved the proposed acquisition of the manufacturing undertaking/business of Sobhagia Sales Private Limited on a slump sale basis, as a going concern. Sobhagia Sales Private Limited (SSPL) is engaged in the business of manufacturing and retailing of Readymade Garments. This approval follows the review of recommendations from KPMG and after evaluating the commercial merits. Additionally, the company intends to propose a long-term lease arrangement with SSPL for the land and building pertaining to the manufacturing facilities. The consideration for this proposed transaction may be discharged in cash and/or by way of share issuance.

Operational Expansion and Growth​

The company provided a positive update on its expansion plans. The Greenfield Expansion Project in the State of Odisha, designed to enhance the spinning capacity by installing 1,50,000 spindles, has achieved financial closure. Construction activities at the project site have commenced and are progressing according to the planned schedule.

Financial Performance Summary (Rs. in Lakhs)​

The audited financial results for the year ended March 31, 2026, showed robust performance. Key comparative figures from the financial statements are presented below:


Cash Flow Highlights (Rs. in Lakhs)


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Sportking India Limited is recognized as a Govt. Recognised Four Star Export House. The company’s registered and corporate office is located in Vill. Kanech, Near Sahnewal, G.T. Road, Ludhiana-141120.

SPORTKING Stock Price Movement​

On Friday, Sportking India Limited shares slipped by 2.21% to settle at ₹147.81. The stock recorded a total traded volume of 168,911 shares, signaling profit-taking pressure throughout the session.