S P Apparels Ltd Company History

Started export operations as a partnership firm

Set-up the own manufacturing facility at Neelambur

Commissioning of the first wind energy generator

Set-up first in-house embroidery facility at Thekkalur

Set-up the flagship factory at Avinashi with full garment conversion process (from cutting to packing)

Conversion of the partnership firm to the Company

Set-up first in-house printing facility at Avinashi

Acquisition of majority shareholding in CPPL pursuant to a share transfer agreement dated May 24, 2006 and a memorandum of understanding dated May 24, 2006 executed among CIPL, CPPL, the Company and Shivarams Associates Private Limited

Addenda to the Technology License Agreement dated May 16, 2006 executed by the Subsidiary, CPPL with Crocodile International Pte Limited in 1996, for the use of the ‘Crocodile’ brand

Awarded Outstanding New Vendor” by The Children’s Place (Disney Store, North America)

Acquisition of the ‘Natalia’ brand pursuant to an agreement dated February 20, 2007

Amalgamation of S.P. TexFab Private Limited with the Company pursuant to a Scheme of Amalgamation sanctioned by the High Cthet of Madras with effect from March 21, 2007

Received ‘Worldwide Responsible Apparel Production’ certification

Amalgamation of Sri Balaji Bakkiam Spinning Mills with the Company pursuant to a Scheme of Amalgamation sanctioned by the High Cthet of Madras with effect from May 13, 2008

Acquisition of the retail division from CPPL, on a going concern basis

Reschedulement of term loan facilities from State Bank of Mysore and State Bank of Indore. The facility availed from State Bank of Indore has been repaid by the Company subsequently.

Recognized as ‘Star Export House’ by the Government of India

Awarded Trading Fairly Award” by TESCO for setting benchmarks in Tirupur for labor standards compliance, investing in workers and supporting community projects

Formulation and implementation of a foreign exchange policy for the Company

Awarded Tamil Nadu State Government Safety Award 2010” by the Directorate of Industrial Safety and Health, Government of Tamil Nadu for the least number of accidents

Sale of wind mills owned by the Company to Maple Renewable Power Private Limited pursuant to a slump sale agreement dated December 23, 2011

Awarded Tamil Nadu State Government Safety Award 2011” by the Directorate of Industrial Safety and Health, Government of Tamil Nadu for the least number of accidents

Awarded Best Newcomer” by Marks & Spencer Children’s Suppliers Awards 2011

Awarded Values Award” by TESCO

Investment by Euro Asia pursuant to the Investment Agreement

Awarded F&F Gold Rated Supplier 2013” by TESCO

Received laboratory accreditation ISO/IEC 17025:2005 by the National Accreditation Board for Testing and Calibration Authorities, Department of Science and Technology, India

Incorporation of a wholly-owned subsidiary, SPUK in the United Kingdom

Reschedulement of term loan facility from Andhra Bank

Received ISO 9001:2008 systems certification

Received laboratory testing accreditation by one of the customers.

Execution of the Sub-Licensing Agreement with the Subsidiary, CPPL to manufacture, distribute and market products under the ‘Crocodile’ brand

Transfer of 12 retail stores by Poornam to the Company pursuant to the Slump Sale Agreement

Awards, Certifications and Recognitions

We have received the following awards, certifications and recognitions:

Spinning Mill production capacity expansion to 25 MT / day.

Two Brand New ECO satellite sewing factories.