S. P. Apparels Limited — Important, 07-03-2025: General Updates

The Board of Directors has approved the appointment of Mr. Ravishankar Balaraman as a Non-executive Independent Director. His extensive industry experience spans over 35 years, bringing valuable insights to the board. Additionally, the board has re-appointed Mr. Sundararajan Chenduran and Mrs. Sundararajan Shantha as Joint Managing Directors, effective August 11, 2025. Both will oversee the daily operations, leveraging their considerable expertise to guide the company's strategy.

A notice for a postal ballot to confirm these appointments will be distributed shortly, with a record date set for March 07, 2025, to determine eligible voters. The board's decisions indicate a focus on strong leadership continuity, affirming a positive outlook for the company's operational management and governance moving forward. Shareholders are encouraged to participate in the upcoming vote to finalize these pivotal changes.