Chairman and Executive Director Mr Shankar Dulhani resigns from Saraswati Saree Depot

Ceo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

SSDL · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.7%Reaction day

₹57.15

prior close

₹59.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.0%+0.3% vs market

Garments & Apparels peers, median of 40sector-1.9%+0.2% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 0.2 pts more than its Garments & Apparels peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.4

10m

-4.1

15m

-3.4

30m

-3.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.7-2.0+0.3-1.9+0.2

Next day

-4.1-0.1-4.0-0.8-3.4

-5.3-1.6-3.8-1.9-3.4

-4.7-2.7-2.0-2.8-2.0

-3.8+0.3-4.0-1.8-1.9

-0.4+2.0-2.5-0.5+0.1

-2.7+3.7-6.4+0.5-3.2

15d

-0.6+5.2-5.8+1.3-1.9

-3.9+3.3-7.2+0.9-4.9

-5.5+9.0-14.5-1.9-3.7

+0.3+11.8-11.5-4.7+5.0

UpDownMarket · Nifty Microcap 250Sector · Garments & Apparels peers, median of 40Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Mr Shankar Laxmandas Dulhani, Chairman and Executive Director, has resigned from Saraswati Saree Depot Limited with immediate effect from June 5, 2026. The reason cited is to dedicate more time towards managing the business of his partnership firm. No other material reason was disclosed. He expressed confidence in the company future prospects under the existing board and leadership team.

Likely market impact

Top leadership change at promoter level. Reason is non-conflictual, but investors may watch for clarity on succession and continuity.