Saraswati Saree Depot Ltd

Saraswati Saree Depot Ltd has resubmitted its Annual Financial Results for the quarter and year ended March 31, 2026, along with a signed Statement on Impact of Audit Qualifications. This action addresses discrepancies raised by BSE and NSE regarding an unsigned statement previously submitted. The Board of Directors, in a meeting held on May 29, 2026, approved the audited financial results and the appointment of M/s. Ajit M. Joshi and Associates as Internal Auditors for FY 2026-27. The independent auditor's report indicates a qualified opinion, citing effects from a matter described in the Basis for Qualified Opinion paragraph.

Saraswati Saree Depot Ltd has announced the closure of its trading window for designated persons and their relatives. This closure is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The trading window will be shut from Wednesday, July 1, 2026, until 48 hours after the declaration of the company's un-audited financial results for the quarter ending June 30, 2026. The date of the board meeting to consider these results will be communicated separately.

Mr. Shankar Laxmandas Dulhani, Chairman and Executive Director of Saraswati Saree Depot Ltd, has resigned from his positions with immediate effect as of June 5, 2026. The resignation is to allow him to dedicate more time to managing his partnership firm. The company has provided the necessary disclosures as per SEBI regulations, confirming no other material reason for the resignation.

Saraswati Saree Depot Limited announced its audited financial results for Q4 and FY26. FY26 revenue grew to ₹631.16 crore from ₹603.59 crore in FY25. The company maintained its debt-free status and increased cash and cash equivalents by over 50% to ₹69.93 crore. Trade receivables and inventory saw reductions, improving working capital efficiency and cash flow. Despite a challenging environment impacting profitability due to higher procurement costs, the company is confident in long-term growth, supported by its strong balance sheet and focus on operational efficiencies and retail expansion.

Saraswati Saree Depot Ltd's board approved the appointment of M/s. Ajit M. Joshi and Associates, Chartered Accountants, as the Internal Auditor for the financial year 2026-27, based on the recommendation of the Audit Committee. The board also approved the audited financial results for the quarter and year ended March 31, 2026.

Saraswati Saree Depot Ltd's board approved the annual financial results for the quarter and year ended March 31, 2026. Additionally, they approved the appointment of M/s. Ajit M. Joshi and Associates as the Internal Auditor for the financial year 2026-27, based on the Audit Committee's recommendations. The board meeting concluded at 18:00 on May 29, 2026.

Saraswati Saree Depot Ltd. has announced its audited financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the results along with the audit report. M/s. Ajit M. Joshi and Associates, Chartered Accountants, were appointed as the Internal Auditor for the Financial Year 2026-27. The auditor's report includes a qualified opinion.

Saraswati Saree Depot Ltd submitted a Monitoring Agency Report by CRISIL Ratings Limited for the quarter ended March 31, 2026, as per SEBI regulations. The report, reviewed by the Audit Committee and the Board on May 15, 2026, confirms that there were no deviations from the objects of the IPO. The IPO, which ran from August 12-14, 2024, comprised a fresh issue of ₹1,039.97 million and an OFS of ₹560.16 million.

Saraswati Saree Depot Ltd has scheduled a Board of Directors meeting on May 29, 2026, to consider and approve the Audited Financial Results for the quarter and year ended March 31, 2026. The meeting will be held at the company's registered office in Kolhapur. The trading window, which was closed on March 26, 2026, will remain closed until 48 hours after the declaration of the results.

Saraswati Saree Depot Ltd. has announced that the trading window for dealing in the equity shares of the company will be closed for all designated persons and their relatives, as defined in the code, from Wednesday, April 1, 2026 till the end of 48 hours after the declaration of Audited Financial Results for the quarter and year ending on March 31, 2026. This decision is in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015 and the terms of 'Code of Conduct for Regulating, Monitoring and Reporting of Trading by Insiders' of the company. The date of the Board Meeting in which results would be considered is yet to be intimated.