Saraswati Saree Depot Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
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Saraswati Saree Depot Limited has disclosed the results of a Postal Ballot conducted via remote e-voting from 2nd December 2025 to 1st January 2026. The single special resolution sought shareholder approval for altering the Objects clause of the company's Memorandum of Association. Shareholders overwhelmingly approved the resolution, with 22,978,212 votes (99.95%) in favour and only 12,543 votes (0.05%) against. The scrutinizer, DVD & Associates (Company Secretaries), confirmed the resolution was passed with the requisite majority as a Special Resolution. The results were declared on 3rd January 2026 and have been submitted to both NSE and BSE.
The alteration of the Objects clause gives the company flexibility to expand or change its core business activities, which could signal plans for diversification, entry into new business segments, or strategic restructuring. The near-unanimous shareholder approval (99.95%) suggests strong investor confidence in management's direction, with negligible dissent.