Sai Silks (Kalamandir) Limited has informed the Exchange regarding Change in Auditors of the company.
KALAMANDIR · price
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On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250 and 1.5 pts more than its Speciality Retail peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The board approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025) along with the Limited Review Report by statutory auditors. A final dividend of Re. 1 per share (on face value of Rs. 2) was declared with August 22, 2025 set as the record date. The 17th AGM is scheduled for August 29, 2025 via video conference. The board recommended re-appointment of M/s. P S Rao & Associates as Secretarial Auditor for a fresh 5-year term — the company clarified this is not a change, as the firm is already the existing Secretarial Auditor. The board also noted that the company is completely debt-free on working capital borrowings and is considering clearing small term loans of Rs. 16 crores.
No negative implications for shareholders — the secretarial auditor re-appointment is routine and the company is debt-free on working capital, signaling financial health. The Re. 1 dividend is a modest return; shareholders should watch for Q1 FY26 results details for growth signals.