S.P. Apparels Invests Rs 4.35 Crore In Sri Lanka Subsidiary

S.P. Apparels Limited (SPAL) has announced an investment of Rs 4.35 crore in its wholly owned subsidiary, S.P. Apparels International (Private) Limited (SPAIPL), based in Sri Lanka. The investment, made through equity infusion, aims to expand SPAL’s international operations and leverage cost-effective manufacturing advantages in the region.

The transaction, completed on November 8, 2025, falls under the category of a related party transaction, as P. Sundararajan, Managing Director and Promoter of SPAL and S. Chenduran, Joint Managing Director and Promoter Group member, also serve as directors on the board of SPAIPL.

SPAIPL, incorporated on October 16, 2023, is engaged in garment manufacturing and reported a turnover of LKR 1,872,585 as of March 2025. SPAL stated that the strategic investment would help the company enhance production capabilities, strengthen its global supply chain, and improve cost efficiencies in line with its long-term growth objectives