Saraswati Saree Depot Limited has informed the Exchange regarding Board meeting held on Jun 07, 2025.
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Saraswati Saree Depot Limited held a Board meeting on June 7, 2025, where two key changes at the Company Secretary level were announced. Ms. Sangeeta Shambhu Mahato resigned as Company Secretary and Compliance Officer effective June 6, 2025, citing pursuit of career opportunities outside the company. The Board, based on the Nomination and Remuneration Committee's recommendation, appointed Ms. Vidhi Bharat Oswal as the new Whole-Time Company Secretary and Compliance Officer with effect from June 7, 2025. Ms. Oswal is 24 years old, a qualified Company Secretary with 2 years of experience, and has previously worked with listed companies and practicing company secretaries on assignments related to Company Law, SEBI Regulations, FEMA, GST, and LLP Act. The Board meeting concluded at 1:00 PM.
This is a routine Key Managerial Personnel change at the Company Secretary level and is unlikely to have any material impact on the company's operations or stock price. The new appointee is relatively young with limited experience, but such mid-level compliance role changes are common and typically do not affect business fundamentals.