S P Apparels AGM 2026: 5:1 Split and ₹3 Dividend

Stock in focus as AGM date arrives

S P Apparels Ltd is scheduled to hold its 21st Annual General Meeting (AGM) on September 21, 2026, with shareholders voting on a proposed 5:1 stock split and a final dividend recommendation for FY26. The company issued its AGM notice on August 28, 2026. The proposals come at a time when market participants are also tracking the company’s Q1 FY27 performance and recent price movement.

On the market side, multiple snapshots in the provided data show the stock trading around the ₹970 to ₹1,030 range in September 2026. One update shows S P Apparels at ₹974.00 on NSE as of September 21, 2026 at 15:29 IST, while another shows ₹981.00 as of September 21, 2026 at 4:53 pm IST. Intraday, the stock was reported to have touched a high of ₹993 and a low of ₹970.3.

What shareholders will vote on at the 21st AGM

The AGM agenda includes a special resolution to subdivide the face value of equity shares from ₹10 each to ₹2 each. This is effectively a 5:1 stock split. The company has stated that the aggregate paid-up share capital will remain unchanged at ₹25.14 crore, even after the subdivision.

Alongside the split, shareholders will vote on the recommended final dividend of ₹3 per equity share (face value ₹10) for FY26. The dividend is subject to shareholder approval at the AGM. The Board of Directors recommended the dividend at its meeting held on August 11, 2026.

The AGM itself is scheduled for September 21, 2026 at 4:00 PM and will be conducted via VC/OAVM, as stated in the provided information. The annual report for FY 2025-26 has also been shared as part of the AGM communication.

Dividend details, record date, and ex-date

The data includes multiple dividend references that align on the key number: ₹3 per share. The “Last Dividend Declared” is shown as ₹3.00 per share, declared on 11/08/2026. Another line states that in the quarter ending June 2026, the company declared a dividend of ₹3.00 per share on 11 Aug 2026, translating to a dividend yield of 0.30%.

For entitlement, the record date for determining dividend eligibility is fixed as September 4, 2026. The dividend table also lists an ex-date of 04 Sep, 2026, dividend amount 3, dividend type “FINAL,” and record date 04 Sep, 2026 for equity shares. These dates matter for investors tracking eligibility and settlement timelines.

E-voting window and cut-off date for voting

S P Apparels has specified timelines for shareholder participation through remote e-voting. The cut-off date for voting rights is September 14, 2026. Remote e-voting is scheduled to open on September 18, 2026 at 9:00 am and close on September 20, 2026 at 5:00 pm.

The voting can be done through NSDL, CDSL, or the InstaVote platform, according to the provided details. This structure is intended to allow shareholders to cast votes before the AGM date.

Q1 FY27 performance highlights reported

Operationally, the company’s quarterly numbers cited in the text point to stable revenue and higher profitability year-on-year. Consolidated revenue was reported at ₹401 crore in Q1 FY27, compared with ₹403 crore in Q1 FY26. Consolidated EBITDA stood at ₹61.36 crore, up 15.9% year-on-year from ₹52.93 crore, with the margin improving to 15.3% from 13.1%.

Consolidated profit after tax (PAT) was reported at ₹24.87 crore, up 20.4% year-on-year from ₹20.66 crore, with EPS at ₹9.9 versus ₹8.2. A separate line in the provided text also states net profit jumped 16.4% year-on-year to ₹24.91 crore in Q1 2026-2027, indicating closely aligned reporting figures around ₹24.9 crore for the quarter.

The update also includes segment-level disclosures: garment division (including Young Brand Apparel) revenue at ₹337 crore adjusted operational revenue, with adjusted EBITDA of ₹59.23 crore and a 17.6% margin. Young Brand Apparels revenue was ₹72.72 crore with adjusted EBITDA of ₹12.65 crore, a 17.7% margin, and PAT of ₹6.3 crore. SPUK revenue was ₹33.3 crore, up 125.2% year-on-year, with EBITDA negative at ₹1.04 crore.

Stock price, market cap, and identifiers

As of September 21, 2026, the market capitalisation of S P Apparels was reported at ₹2,494.53 crore. Another data point lists market cap at ₹2,589 crore at a time when the current price was shown as ₹1,030. The stock has also been shown at ₹990 with a -1.31% move in a September 18, 2026 timestamp, and ₹981 with -1.34% in another snapshot.

The listed identifiers in the provided information are: SPAL on NSE, 540048 on BSE, and ISIN INE212I01016. These are relevant for investors matching filings, corporate action notices, and market data feeds.

Key dates and numbers at a glance

Why the stock split and dividend matter to investors

A stock split changes the number of shares and the face value, but the company has stated the aggregate paid-up share capital remains unchanged at ₹25.14 crore. For investors, the main practical implications are around the revised face value and the potential change in market lot sizes and trading granularity after the corporate action.

The ₹3 final dividend recommendation and the fixed record date of September 4, 2026 provide clarity on eligibility. The reported dividend yield in the text is 0.30%, based on the market price levels referenced. Investors typically track these corporate actions for cash returns, settlement dates, and the alignment of holdings with record and ex-dates.

Company contact and registered address in filings

The company’s address and contact details were included in the AGM-related material: No.39-A, Extension Street, Kaikattipudur, Avinashi, Tiruppur District, Tamil Nadu, 641654. The phone number listed is 04296-714000, with email spindia@s-p-apparels.com and website www.s-p-apparels.com.

These details are useful for shareholders looking to access the annual report, AGM notice, or procedural guidance for VC/OAVM participation and e-voting.

Conclusion

S P Apparels’ September 21, 2026 AGM is set to decide on two key shareholder items: the proposed 5:1 stock split and the final dividend of ₹3 per share for FY26. The company has also outlined a clear e-voting schedule and cut-off date, alongside record and ex-dates for the dividend. Investors will watch the AGM outcome and subsequent corporate action timelines, with the next step being shareholder voting and the formal approval process at the meeting.