SP Apparels Ltd: Shareholders Approve Appointment of Srinivas Chidambaram as Independent Director

S. P. Apparels Limited announced that shareholders have approved the appointment of Mr. Srinivas Chidambaram (DIN: 00514665) as a Non-Executive Independent Director through postal ballot e-voting. The...

S. P. Apparels Limited announced that shareholders have approved the appointment of Mr. Srinivas Chidambaram (DIN: 00514665) as a Non-Executive Independent Director through postal ballot e-voting. The resolutions were deemed passed on December 27, 2025, which was the last day of the remote e-voting period. The company provided the scrutinizer's report and voting results, which are also available on the company's website. The postal ballot notice, outlining the resolution and material facts, was sent via email to members whose names appeared on the register of members or list of beneficiaries as of November 21, 2025. The remote e-voting facility was available until December 27, 2025, at 05:00 PM. The Board of Directors had appointed Mr. M. D. Selvaraj as the scrutinizer on November 14, 2025, to ensure a fair and transparent voting process. The scrutinizer's report, dated December 27, 2025, confirmed that the resolution for the appointment of Mr. Srinivas Chidambaram was passed as a Special Resolution with the requisite majority. Out of 94 e-votes received, representing 2,04,80,667 shares, 91 votes (2,04,80,635 shares) were in favour, and 3 votes (32 shares) were against. A note indicated that 3 shareholders holding 1,68,838 equity shares partially voted in favour for 3 shares and abstained from voting for the remaining 1,68,835 shares.

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Why is S. P. Apparels Limited in the news today?

S. P. Apparels Limited (SPAL) is in the news due to the appointment of an independent director through shareholder approval is a positive development for corporate governance.

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SP Apparels Ltd: Shareholders Approve Appointment of Srinivas Chidambaram as Independent Director

December 30, 2025, 08:14 AM

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S. P. Apparels Limited announced that shareholders have approved the appointment of Mr. Srinivas Chidambaram (DIN: 00514665) as a Non-Executive Independent Director through postal ballot e-voting. The resolutions were deemed passed on December 27, 2025, which was the last day of the remote e-voting period. The company provided the scrutinizer's report and voting results, which are also available on the company's website.

The postal ballot notice, outlining the resolution and material facts, was sent via email to members whose names appeared on the register of members or list of beneficiaries as of November 21, 2025. The remote e-voting facility was available until December 27, 2025, at 05:00 PM. The Board of Directors had appointed Mr. M. D. Selvaraj as the scrutinizer on November 14, 2025, to ensure a fair and transparent voting process.

The scrutinizer's report, dated December 27, 2025, confirmed that the resolution for the appointment of Mr. Srinivas Chidambaram was passed as a Special Resolution with the requisite majority. Out of 94 e-votes received, representing 2,04,80,667 shares, 91 votes (2,04,80,635 shares) were in favour, and 3 votes (32 shares) were against. A note indicated that 3 shareholders holding 1,68,838 equity shares partially voted in favour for 3 shares and abstained from voting for the remaining 1,68,835 shares.

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