S.P. Apparels Limited Invests Rs. 6.01 Crores in Wholly Owned Sri Lankan Subsidiary
Published on: April 12, 2026, 3:17 p.m. | Source: scanx.trade
S.P. Apparels Limited invested Rs. 6,01,63,090 (USD 6,50,000) as equity in its wholly owned Sri Lankan subsidiary S.P. Apparels International Private Limited on April 9, 2026. The subsidiary, incorporated in October 2023, operates in garment manufacturing and reported turnover of 1,872,585 LKR as of March 2025. The investment aims to expand business operations and leverage strategic manufacturing advantages in Sri Lanka, with the transaction classified as a related party transaction due to common directorship.
