Sai Silks (Kalamandir) Ltd

Sai Silks (Kalamandir) Ltd has announced the launch of its 83rd store under the "Kalamandir" format in R.R. Nagar, Bengaluru, Karnataka. The store opened on June 05, 2026. This expansion is part of the company's ongoing strategy to increase its retail footprint and reach a wider customer base.

Sai Silks (Kalamandir) Ltd has announced the launch of its 82nd store under the Kalamandir format in Davanagere, Karnataka on May 22, 2026. This expansion is in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Sai Silks (Kalamandir) Ltd approved the financial results for Q4 and FY26, recommending a final dividend of ₹1.50 per equity share (75% of face value) for FY26, subject to shareholder approval. Bharadwaj Rachamadugu was appointed as CEO, effective May 12, 2026. Sirisha Chintapalli resigned as Independent Director, effective May 6, 2026. Sridevi Dasari was appointed as an Additional Director (Non-Executive Independent Woman Director), subject to shareholder approval. The Board also reconstituted various committees, effective May 12, 2026.

Sai Silks (Kalamandir) Ltd has filed a monitoring agency report on the utilisation of IPO proceeds for the quarter ended March 31, 2026. The report, issued by CARE Ratings Ltd, confirms no deviation from the stated objectives of the IPO. The IPO, which occurred between September 20-22, 2023, involved a fresh issue of 2,70,27,027 equity shares at ₹222 per share, raising ₹600 crore. CARE Ratings declares that the report provides an objective view based on information provided by the issuer and believed to be accurate.

Sai Silks (Kalamandir) Ltd's Board of Directors has recommended a final dividend of ₹1.50 per equity share (75% of face value of ₹2) for the financial year 2025-26, subject to shareholder approval at the Annual General Meeting. The board also approved the financial results for Q4 and FY26, appointed Mr. Bharadwaj Rachamadugu as CEO, noted the resignation of Ms. Sirisha Chintapalli as Independent Director, and appointed Ms. Sridevi Dasari as an Additional Director.

Sai Silks (Kalamandir) Ltd's Board of Directors has recommended a final dividend of ₹1.50 per share (75% of face value of ₹2.00) for the financial year 2025-26, subject to shareholder approval. The board also approved the financial results for Q4 and the financial year ended March 31, 2026. Other key decisions included the appointment of Mr. Bharadwaj Rachamadugu as CEO, the resignation of Ms. Sirisha Chintapalli as an Independent Director, and the appointment of Ms. Sridevi Dasari as an Additional Director.

Sai Silks (Kalamandir) Ltd approved its financial results for the quarter and year ended March 31, 2026. The board recommended a final dividend of ₹1.50 per equity share (75% of face value) for FY 2025-26, subject to shareholder approval. Mr. Bharadwaj Rachamadugu was appointed as CEO effective May 12, 2026. Ms. Sirisha Chintapalli resigned as Independent Director effective May 6, 2026. Ms. Sridevi Dasari was appointed as an Additional Director (Non-Executive Independent Woman Director), subject to shareholder approval. The board also approved the reconstitution of various committees.

Sai Silks (Kalamandir) Ltd announced the appointment of Ms. Sridevi Dasari as an Additional Director (Women Independent Director) effective May 12, 2026, subject to member approval. The board also appointed Mr. Bharadwaj Rachamadugu as CEO, effective May 12, 2026. Additionally, the board approved the financial results for Q4 and FY26, recommended a final dividend of ₹1.50 per equity share for FY26, and noted the resignation of Ms. Sirisha Chintapalli as Independent Director effective May 6, 2026.

Sai Silks (Kalamandir) Ltd's board approved the financial results for Q4 and FY26, along with the financial statements for FY26. A final dividend of ₹1.50 per equity share (75% of face value) was recommended, subject to shareholder approval. Mr. Bharadwaj Rachamadugu was appointed as CEO, effective May 12, 2026. Ms. Sirisha Chintapalli resigned as Independent Director, and Ms. Sridevi Dasari was appointed as an Additional Director. The board also approved the reconstitution of various committees.

Ms. Sirisha Chintapalli (DIN 08407008) has resigned from her position as a Non-Executive Independent Director of Sai Silks (Kalamandir) Ltd, effective May 06, 2026. She will also cease to be a member/chairperson of various Board committees, including the Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee. The company has confirmed that there are no material reasons for her resignation other than those mentioned in her resignation letter, citing better professional opportunities. Ms. Chintapalli also holds directorships at Zen Technologies Limited.