Sportking India Limited — Board Meeting, 02-08-2025: Outcome of Board Meeting

Sportking India's Board approved the financial results for the quarter. A significant strategic decision is the approval of a new Greenfield spinning plant in Odisha, a Rs 1,000 Cr project adding 1.5 lakh spindles to boost capacity and strengthen market position. This expansion will be funded by term loans and internal accruals. Key leadership updates include the re-appointment of Mr. Munish Avasthi as MD & CEO for three years, and Mr. Chetan Rupal as Whole-time Director. Mr. Puneet Singhania and Mrs. Harpreet Kang were also appointed/re-appointed as Independent Directors. Mark your calendars: August 23, 2025, is the record date for dividend eligibility.