Background and Key Event
The company had previously intimated the stock exchanges on June 11, 2026, regarding a Loan Agreement (the "Agreement") entered into between S.P. Apparels Limited (the Lender) and S.P. Apparels (UK) (P) Limited (the Borrower), a wholly-owned subsidiary (WOS) of the company.
Termination Details
No loan amount was disbursed by the Lender (S.P. Apparels Limited) to the Borrower (S.P. Apparels (UK) (P) Limited) pursuant to the said Agreement. The Agreement has been terminated because the agreed conditions under it were not fulfilled and the loan was never disbursed. The termination was effected in accordance with the terms of the Agreement itself.
Financial and Operational Impact
The termination of the Loan Agreement does not have any material financial impact on the company. The disclosure explicitly states, "There is no impact on the business of the Company."
Annexure A Summary
| Particular | Detail |
| Parties to Agreement | S.P. Apparels Limited (Lender) and S.P. Apparels (UK) (P) Limited (Borrower, a WOS) |
| Nature of Agreement | Loan Agreement |
| Date of Execution | June 11, 2026 |
| Reason for Termination | The agreed conditions under the Agreement were not fulfilled. |
| Impact of Termination | There is no impact on the business of the Company. |
All other fields in the annexure (Purpose, Size, Shareholding, Significant Terms, Related Party nature, etc.) are marked as "Not Applicable."