Saraswati Saree Depot Limited has informed the Exchange about change in Management
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Saraswati Saree Depot's board met on August 14, 2025 and approved four key items. First, unaudited Q1 FY26 results showed revenue from operations of Rs 1,447.71 million, up about 11% year-on-year from Rs 1,303.73 million, with net profit rising modestly to Rs 63.52 million from Rs 61 million. Basic EPS stood at Rs 1.61 versus Rs 1.84 last year (lower partly because the IPO expanded the share count). The board also approved the FY25 Board's Report and fixed the 5th AGM for September 25, 2025 via video conferencing. Additionally, Mrs. Pallavi Korgaonkar (DIN: 08652086) was appointed as an Independent Director for a 3-year term effective September 9, 2025, subject to shareholder approval at the AGM. An interim dividend of Rs 1.515 per share was declared earlier in the quarter.
The headline change in management refers to the addition of a new Independent Director rather than any senior executive exit, so it's a routine governance strengthening. Q1 results show healthy top-line growth and stable profitability, which is mildly positive for shareholders, while the AGM in late September is the next key event where shareholders will vote on the new appointment.