Saraswati Saree Depot Limited Shareholders Approve Auditor and Director Appointments
Saraswati Saree Depot Limited shareholders approved PPC & Co as Statutory Auditors for five years. Mr. Amar Thorat and Mr. Yatiraj Marda were appointed as Independent Directors for five-year terms. Approvals were confirmed on September 18, 2026, with results received September 19, 2026.
The appointment of statutory auditors and independent directors is a crucial step for corporate governance and operational oversight, impacting the company's credibility and strategic direction.
The announcement details the successful approval of key appointments, including statutory auditors and independent directors, by shareholders at the AGM, indicating smooth corporate governance and progress.
Saraswati Saree Depot Limited announced that its shareholders have approved key appointments at the 6th Annual General Meeting held on September 18, 2026. The approvals include the appointment of PPC & Co, Chartered Accountants, as the company's Statutory Auditors. This appointment is for a term of five years, commencing from the conclusion of the AGM until the conclusion of the AGM for the financial year 2030-31.
Furthermore, the shareholders have ratified the appointments of Mr. Amar Thorat and Mr. Yatiraj Marda as Independent Additional Directors. Mr. Thorat's appointment is effective from August 2, 2026, for a term of five years, while Mr. Marda's appointment is effective from June 20, 2026, also for a five-year term. Both directors are practicing Chartered Accountants with extensive experience in taxation and auditing.
The company received the scrutinizer's report and voting results on these approvals on September 19, 2026. These appointments were previously recommended by the Audit Committee and the Nomination and Remuneration Committee, respectively, and approved by the Board of Directors on August 14, 2026, and June 8, 2026.
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Saraswati Saree Depot Limited filed this with the NSE as a statutory disclosure, categorised under board changes. 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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