Sai Silks (Kalamandir) Limited has informed the Exchange about Shareholders meeting
KALAMANDIR · price
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Sai Silks (Kalamandir) Limited held its 17th AGM on August 29, 2025, via video conferencing from 11:00 AM to 12:10 PM. As per the record date of August 22, 2025, the company had 57,128 shareholders, of which 2 promoter group members and 72 public shareholders attended through VC. All four resolutions were deemed passed, including adoption of FY25 audited financial statements, declaration of a final dividend of Rs. 1.00 per equity share (face value Rs. 2), reappointment of Whole Time Director Kalyan Srinivas Annam, and appointment of Secretarial Auditors. The Managing Director shared that the company currently runs 71 company-owned and operated stores across 20 cities in 5 states, covering 7.4 lakh sq.ft of retail space, with plans to expand in Tamil Nadu under the 'Varamahalakshmi' format. Management highlighted a 43% repeat footfall, noted a well-spread wedding calendar for FY26 as a positive trigger, and shareholders urged expansion into Western India, Gulf countries, and the USA.
Shareholders benefit from a Rs. 1.00 per share final dividend for FY25, and management's positive outlook on the FY26 wedding season and store expansion signals potential growth, though no immediate major catalysts were announced beyond the dividend and routine governance items.