Saraswati Saree Depot Limited has informed the Exchange regarding Resignation of Mr Shankar Laxmandas Dulhani as Chairman and Executive Director of the company w.e.f. Jun 05, 2026.
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Mr. Shankar Laxmandas Dulhani has resigned from his positions as Chairman and Executive Director of Saraswati Saree Depot Limited, effective June 5, 2026. No reason for the resignation or details about his successor have been provided in this filing. The company has not yet disclosed who will take over the Chairman and Executive Director roles. Shareholders may want to watch for further announcements regarding the reconstitution of the board.
The departure of a Chairman and Executive Director simultaneously is a significant leadership change that may create short-term uncertainty around the company's strategic direction. Investors should look for clarity on succession plans and any changes in business strategy from the new leadership.