S. P. Apparels Limited has announced the allotment of 46,283 fully paid-up equity shares of ₹10 each at a premium of ₹240 each. This allotment is a result of the exercise of options granted under the SPAL Employees Stock Option Plan 2024. The decision was made by the Nomination Remuneration Committee of the Board of Directors during their meeting held on March 2, 2026. The committee meeting commenced at 4:15 PM and concluded at 4:50 PM on the same day. The exercise price per option was ₹250, with a premium of ₹240 per share, realizing ₹1,15,70,750 from the exercise of these options. The company's shares are listed on both the BSE Limited and the National Stock Exchange of India Limited. This issuance brings the total issued shares to 25,138,883.
