Saraswati Saree Depot Limited has informed the Exchange about Adoption of new line(s) of business
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Saraswati Saree Depot's board, meeting on May 30, 2025, approved four key items. First, it cleared the audited standalone financial results for FY25, posting total income of about Rs. 613.6 crore and net profit of Rs. 30.52 crore (EPS Rs. 7.71) versus Rs. 29.53 crore the prior year, with the auditor issuing a qualified opinion because the company does not maintain quantitative stock records (a recurring qualification for 4 years). Second, the board approved a pilot foray into retail trading of apparels from June 1, 2025, committing up to Rs. 5 crore of investment to complement its existing wholesale saree business. Third, it appointed M/s. NAM & Associates as secretarial auditor for 5 years (FY26–FY30). Finally, it appointed M/s. Ajit M. Joshi and Associates as internal auditor for FY26.
The new retail pilot is a small, optionality-building step (Rs. 5 crore capex) rather than a major expansion, so near-term earnings impact should be limited. The repeated qualified audit opinion on inventory records is a mild governance red flag investors should watch, while modest single-digit profit growth in FY25 is unlikely to be a strong catalyst.