Saraswati Saree Depot Limited has informed the Exchange about change in Management
SSDL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Saraswati Saree Depot Limited reported its board meeting outcomes on May 29, 2026. The company approved audited financial results for Q4 and full year ended March 31, 2026, showing revenue from operations of Rs 6,311.62 million (up from Rs 6,035.90 million), but profit after tax declined to Rs 234.06 million from Rs 305.76 million in the previous year. EPS dropped to Rs 5.89 from Rs 7.72. The statutory auditor issued a qualified opinion due to inadequate stock records lacking quantitative details, a qualification that has persisted for 5 years. The company appointed M/s. Ajit M. Joshi and Associates as internal auditor for FY 2026-27. The headline reference to management change appears misleading as no management or director changes were disclosed in this filing.
The qualified audit opinion for the fifth consecutive year signals ongoing governance concerns around inventory management controls, which could concern investors despite revenue growth. The profit decline and persistent audit qualification may create negative sentiment around the stock.