Saraswati Saree Depot Limited has informed the Exchange about Change in Company Secretary/Compliance Officer
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Saraswati Saree Depot Limited announced that Ms. Sangeeta Shambhu Mahato has resigned as Company Secretary and Compliance Officer, effective close of business on June 6, 2025, to pursue career opportunities outside the company. In her place, the Board has appointed Ms. Vidhi Bharat Oswal (age 24, Company Secretary qualification, 2 years of experience) as the new Whole-Time Company Secretary and Compliance Officer, effective June 7, 2025. The decision was taken at the Board meeting held on June 7, 2025, based on the recommendation of the Nomination and Remuneration Committee. The transition appears smooth with immediate replacement ensuring no compliance gap.
This is a routine KMP-level change with an immediate replacement, suggesting minimal disruption to compliance and governance functions. Shareholders are unlikely to see any material impact on the stock price from this announcement.