As per the provisions of Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, SP Apparels has informed that, in consideration of strategical advantages and cost-effective manufacturing circumstances, the company proposes to incorporate subsidiary Company in Srilanka. Further due updates on the said material information will be updated to the exchanges on timely basis.
The above information is a part of company’s filings submitted to BSE.