S.P. Apparels AGM Approves Resolutions, Dividend Declaration
S.P. Apparels Limited (SPAL.BO) convened its 20th Annual General Meeting (AGM) on September 1, 2025, announcing shareholder approval for key resolutions. These included the adoption of audited FY25 financials and dividend declaration, according to a company release.
The following resolutions were approved by shareholders:
Details of the resolutions and voting outcomes are presented below:
Item No. 1: Adoption of Audited Financial StatementsParticularsNo. of E-VotesNo. of Shares
Percentage to Valid Votes
Total E-Votes Received702,09,58,660
-Less: Invalid votes00
-Net Valid E-Votes702,09,58,660
100.00Assent682,01,11,849
95.96Dissent28,46,811
4.04
Note: 2 shareholders holding 31,018 equity shares abstained from voting. 4 shareholders holding 1,08,484 equity shares partially voted in favor of the resolution for 13 equity shares and abstained from voting for 1,08,471 equity shares.
The resolution for adopting audited financials passed as an ordinary resolution.
Item No. 2: Declaration of Dividend on Equity SharesParticularsNo. of E-VotesNo. of Shares
Percentage to Valid Votes
Total E-Votes Received722,09,89,678
-Less: Invalid votes00
-Net Valid E-Votes722,09,89,678
100.00Assent712,09,89,677
100.00Dissent11
0.00
Note: 4 shareholders holding 1,08,484 equity shares partially voted in favor of the resolution for 13 equity shares and abstained from voting for 1,08,471 equity shares.
The dividend declaration was approved as an ordinary resolution.
Item No. 3: Re-appointment of Mr. S Chenduran as DirectorParticularsNo. of E-VotesNo. of Shares
Percentage to Valid Votes
Total E-Votes Received722,09,89,678
-Less: Invalid votes00
-Net Valid E-Votes722,09,89,678
100.00Assent702,09,74,930
99.93Dissent214,748
0.07
Note: 4 shareholders holding 1,08,484 equity shares partially voted for the resolution for 13 equity shares and abstained from voting for 1,08,471 equity shares.
The re-appointment of Mr. S Chenduran as Director was approved as an ordinary resolution.
Item No. 4: Appointment of MDS & Associates LLP as Secretarial AuditorsParticularsNo. of E-VotesNo. of Shares
Percentage to Valid Votes
Total E-Votes Received722,09,89,678
-Less: Invalid votes00
-Net Valid E-Votes722,09,89,678
100.00Assent712,09,89,677
100.00Dissent11
0.00
Note: 4 shareholders holding 1,08,484 equity shares have partially voted in favour of the resolution for 13 equity shares and partially abstained from voting for 1,08,471 equity shares.
The appointment of MDS & Associates LLP as Secretarial Auditors was approved as an ordinary resolution.
Item No. 5: Re-appointment of Mr. Sundararajan Perumal Mudaliar as Chairman and Managing DirectorParticularsNo. of E-VotesNo. of Shares
Percentage to Valid Votes
Total E-Votes Received722,09,89,678
-Less: Invalid votes00
-Net Valid E-Votes722,09,89,678
100.00Assent712,09,89,677
100.00Dissent11
0.00
Note: 4 shareholders holding 1,08,484 equity shares have partially voted in favour of the resolution for 13 equity shares and partially abstained from voting for 1,08,471 equity shares.
The re-appointment of Mr. Sundararajan Perumal Mudaliar as Chairman and Managing Director was passed as a special resolution.
Item No. 6: Re-appointment of Mrs. Lakshmi Priya as an Independent DirectorParticularsNo. of E-VotesNo. of Shares
Percentage to Valid Votes
Total E-Votes Received722,09,89,678
-Less: Invalid votes00
-Net Valid E-Votes722,09,89,678
100.00Assent662,01,20,927
95.86Dissent68,68,751
4.14
Note: 4 shareholders holding 1,08,484 equity shares have partially voted in favour of the resolution for 13 equity shares and partially abstained from voting for 1,08,471 equity shares.
The resolution for the re-appointment of Mrs. Lakshmi Priya as an Independent Director was passed as a special resolution.
Item No. 7: Re-appointment of Mr. C.R. Rajagopal as an Independent DirectorParticularsNo. of E-VotesNo. of Shares
Percentage to Valid Votes
Total E-Votes Received722,09,89,678
-Less: Invalid votes00
-Net Valid E-Votes722,09,89,678
100.00Assent662,01,20,927
95.86Dissent68,68,751
4.14
Note: 4 shareholders holding 1,08,484 equity shares have partially voted in favour of the resolution for 13 equity shares and partially abstained from voting for 1,08,471 equity shares.
The re-appointment of Mr. C.R. Rajagopal as an Independent Director was passed as a special resolution.
According to the scrutinizer's report, all resolutions from Item No. 1 to Item No. 7 were approved by shareholders with the requisite majority.
According to the scrutinizer's report, all resolutions from Item No. 1 to Item No. 7 were approved by shareholders with the requisite majority.