SSDL Approves FY26 Audited Results, Appoints New Internal Auditor
Saraswati Saree Depot Limited's Board approved audited financial results for Q4FY26 and FY26. The company appointed M/s. Ajit M. Joshi and Associates as its Internal Auditor for FY27. Statutory auditors issued a qualified opinion for the fifth consecutive year regarding stock record maintenance.
The approval of financial results is a standard disclosure. The appointment of an internal auditor is also a routine matter. The qualified audit opinion, however, raises concerns about internal controls and record-keeping, which could have a medium-term impact on investor confidence and regulatory scrutiny.
The announcement includes the approval of financial results and appointment of an auditor, which are routine corporate actions. However, the continuation of a qualified audit opinion for five years introduces a neutral-to-negative element, balancing the overall sentiment.
Saraswati Saree Depot Limited announced the outcome of its Board Meeting held on Friday, May 29, 2026. The Board approved the Audited Financial Results for the quarter and year ended March 31, 2026, in accordance with Indian Accounting Standards (IND AS).
Additionally, the 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 recommendations of the Audit Committee. The Board meeting concluded at 18:00. The company also noted a qualified opinion from its statutory auditors, SANJAY VHANBATTE & COMPANY, regarding the maintenance of stock records, a qualification that has been continuing for five years. The management stated that the stock has been physically verified despite the qualification on the recording process.
What to do with a filing like this
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.