Saraswati Saree Depot Holds 6th AGM on Sep 18, 2026; Discusses FY26 Performance
Saraswati Saree Depot held its 6th AGM on September 18, 2026. For FY26, the company reported Revenue from Operations of ₹631.16 crore, EBITDA of ₹37.81 crore, and PAT of ₹23.41 crore. An interim dividend of ₹1.515 per share was declared. Key appointments and amendments to MOA were approved.
The announcement is about the proceedings of the Annual General Meeting and the adoption of financial statements and routine appointments. It does not contain any new strategic initiatives or significant financial performance changes that would materially impact the company's valuation or operations.
The announcement details the proceedings of the AGM, including financial performance and board decisions. While the financial results show positive aspects like a net debt-free status and reduced finance costs, there are no significant growth figures or major positive developments beyond routine business discussed.
Saraswati Saree Depot Limited conducted its 6th Annual General Meeting (AGM) on Friday, September 18, 2026, commencing at 4:00 PM IST via Video Conferencing (VC)/Other Audio Visual Means (OAVM). The meeting was held in accordance with the Companies Act, 2013, and relevant circulars from the Ministry of Corporate Affairs (MCA) and SEBI.
During the AGM, shareholders were informed about the company's financial performance for the financial year ended March 31, 2026. The company reported Revenue from Operations of ₹631.16 crore (₹6,311.62 million), EBITDA of ₹37.81 crore (₹378.08 million), and Profit After Tax of ₹23.41 crore (₹234.06 million). Saraswati Saree Depot Limited maintained a net debt-free status, with a 56% reduction in finance costs. An interim dividend of ₹1.515 per share was declared.
Key business discussions included the adoption of Audited Standalone Financial Statements for FY26, the re-appointment of Mr. Mahesh Sajandas Dulhani as a director retiring by rotation, the appointment of PPC & Co as Statutory Auditors for 5 years, and the re-appointment of Mr. Yatiraj Marda and Mr. Amar Thorat as Independent Directors for 5 years each. The company also reported that the amendment to the Memorandum of Association to include real estate development as an additional object was approved with 99.95% shareholder votes.
Strategic initiatives for FY27 were also highlighted, focusing on working capital optimization, margin enhancement, scaling retail and men's ethnic wear initiatives, prudent evaluation of real estate opportunities, and strengthening governance standards. The AGM concluded at 4:30 PM IST.
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Saraswati Saree Depot Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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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.