Saraswati Saree Depot Board Approves Q1 FY27 Results, Appoints New Auditors
Saraswati Saree Depot reported Q1 FY27 results with total revenue of ₹148.98 crore and profit after tax of ₹6.60 crore. The company approved the appointment of PPC & Co as new Statutory Auditors for five years and scheduled its 6th AGM for September 18, 2026.
The appointment of new statutory auditors for a significant term and the approval of financial results are material events for the company. The AGM date is also a key upcoming event.
The announcement details routine financial results and corporate governance actions like auditor appointment and AGM scheduling. While the financial results show growth compared to the previous year's quarter, there are no exceptionally positive or negative indicators.
Saraswati Saree Depot Limited announced the outcome of its Board Meeting held on August 14, 2026. The Board approved the Unaudited Financial Results for the quarter ended June 30, 2026, along with the Limited Review Report from the Statutory Auditors. The company reported total revenue of ₹148.98 crore (1,489.89 Million) and a profit after tax of ₹6.60 crore (66.05 Million) for the quarter.
The Board also approved the Board's report for the financial year ended March 31, 2026. Furthermore, the notice for the 6th Annual General Meeting (AGM) was approved, and the AGM is scheduled to be held on Friday, September 18, 2026, at 04:00 PM at the registered office, conducted via Video Conferencing/Other Audio Visual Means (VC/OAVM).
In a significant move, the company approved the appointment of PPC & Co, Chartered Accountants, as the new Statutory Auditors for a term of five years, succeeding Sanjay Vhanbatte & Co. This appointment is subject to shareholder approval at the upcoming AGM and will be effective from the conclusion of the AGM until the conclusion of the AGM for the financial year 2030-31. The Board meeting commenced at 04:00 PM and concluded at 05:15 PM.
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Saraswati Saree Depot Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Saraswati Saree Depot Limited. Read the original for the full detail.