Saraswati Saree Depot Limited has informed the Exchange regarding Outcome of Board Meeting held on Jun 07, 2025.
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Saraswati Saree Depot Limited informed the exchanges about changes in the position of Company Secretary and Compliance Officer (a Key Managerial Personnel role). Ms. Sangeeta Shambhu Mahato resigned from the post to pursue opportunities outside the company and was relieved effective close of business hours on June 6, 2025. At the board meeting held on June 7, 2025, the Board appointed Ms. Vidhi Bharat Oswal (ICSI Membership No. ACS 77054) as the new Whole-Time Company Secretary and Compliance Officer with immediate effect. Ms. Vidhi is 24 years old, a qualified Company Secretary with about 2 years of experience working with listed companies and practicing company secretaries.
This is a routine KMP-level change with no disruption in the role, as the new Company Secretary was appointed the very next day. For shareholders, the impact on stock price is likely minimal since the Company Secretary is a compliance function and not part of the core management driving business performance.