Saraswati Saree Depot Limited has informed the Exchange regarding Outcome of Board Meeting held on July 05, 2025.
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The Board of Saraswati Saree Depot, at its meeting on July 5, 2025, approved the reclassification of 17 members from the 'Promoter Group' category to the 'Public' category under SEBI LODR Regulation 31A. All 17 applicants (including individuals and proprietorship firms) currently hold 0 equity shares, representing 0.00% of the company's shareholding. The applicants confirmed they do not exercise control, hold no special rights, are not on the board, and are not wilful defaulters or fugitive economic offenders. The reclassification is now subject to approval/no-objection from BSE and NSE stock exchanges.
Since all applicants already hold zero shares, this is largely a formal regulatory cleanup and is unlikely to materially affect shareholding structure or stock price. It removes inactive/non-holding members from the promoter group list, which may slightly improve the clarity of the public shareholding category.