Sai Silks (Kalamandir) Limited accepted the resignation of Mr. Matte Koti Bhaskara Teja as Company Secretary and Compliance Officer effective September 16, 2026.

The Hyderabad-based textile firm disclosed the change in key managerial personnel to the Bombay Stock Exchange and National Stock Exchange under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Resignation Details

Mr. Teja tendered his resignation on September 16, 2026, citing a desire to pursue new professional opportunities. The company acknowledged the resignation immediately, confirming that there are no other material reasons for his departure beyond those stated in his letter.

Regulatory Compliance

The disclosure was made pursuant to Schedule III - Para A (7) and (7C) of Part A of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026.

Consequent to the resignation, the authorization for determining the materiality of events and making disclosures to stock exchanges will now rest severally with the Managing Director and Chief Financial Officer of the company.

Sai Silks (Kalamandir) Ltd expanded its physical retail footprint by launching its 85th store in Srikakulam, Andhra Pradesh, on August 13, 2026. The new outlet operates under the company’s Kanchipuram Varamahalakshmi Silks format, reinforcing its presence in the traditional silk saree segment across South India.

The opening follows the company’s disclosure to stock exchanges pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory filing ensures timely transparency for investors regarding material operational developments.

Store Expansion Details

The Srikakulam location adds to the company’s existing network of branded retail outlets. By operating under the Kanchipuram Varamahalakshmi Silks banner, the store targets customers seeking premium handloom textiles, a core competency for the Hyderabad-based retailer.

Operational Context

The launch reflects Sai Silks’ strategy to deepen penetration in Andhra Pradesh, a key market for silk apparel. The company continues to leverage multiple brand formats, including Kalamandir, Chandir, and KLM Fashion Mall, to cater to diverse consumer preferences across price points and product categories.