Saraswati Saree Depot Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 25, 2025
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Saraswati Saree Depot Limited held its 5th Annual General Meeting on September 25, 2025, via video conferencing, from 4:00 PM to 4:50 PM. Four items of business were placed before members: adoption of audited financial statements for FY25, re-appointment of Mr. Shankar Dulhani (retiring by rotation), re-appointment of Mrs. Pallavi Korgaonkar as Independent Director for 3 years, and appointment of Ms. Neha Avinash Marathe as Secretarial Auditor. The CEO highlighted FY25 results — Revenue from Operations of ₹613.61 crore, EBITDA of ₹42.15 crore, and Profit After Tax of ₹30.57 crore — alongside an interim dividend of ₹2.27 per share. Key business updates included the launch of the first retail outlet in Kolhapur and the acquisition of a 25,000 sq. ft. facility in Surat. The company remains net debt-free, with FY26 priorities focused on working capital optimization, margin improvement, and product portfolio expansion. The secretarial auditor gave an unqualified opinion, while the statutory auditor report carried one qualification, to which the Board has responded.
This is a routine AGM proceedings filing, but it carries positive signals — strong FY25 profitability, debt-free balance sheet, dividend declaration, and visible expansion moves into retail and Surat. Shareholders should watch for the declared voting results on the resolutions and any further detail on the statutory auditor's qualification.