Saraswati Saree Depot declared an interim dividend of ₹3.00 per equity share of face value ₹10 each for the financial year 2026-27. This payout represents a 30% return on the face value and amounts to a total outflow of ₹11.88 crore.

The Board of Directors approved this declaration during its meeting held on Thursday, September 24, 2026, at 4:00 pm at the company’s registered office in Kolhapur, Maharashtra. The meeting concluded at 4:30 pm.

Record Date and Eligibility

Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company fixed Wednesday, September 30, 2026, as the record date. Shareholders whose names appear in the register of members on this date will be eligible to receive the interim dividend.

Trading Window Status

In compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company’s internal Code of Conduct, the trading window was closed for designated persons and their relatives starting September 22, 2026. This closure remains in effect until 48 hours after the Board Meeting concludes and information regarding the dividend declaration is filed with the stock exchanges.

Regulatory Compliance

The intimation regarding the outcome of the Board Meeting was issued pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, and the Companies Act 2013. The notice was signed by Vidhi Bharat Oswal, Company Secretary & Compliance Officer, on September 24, 2026.

Saraswati Saree Depot announced the voting results of its 6th Annual General Meeting (AGM) held on September 18, 2026. Shareholders approved all five ordinary and special resolutions with overwhelming support, securing more than 99.99% affirmative votes across the board.

The meeting was conducted through video conferencing, allowing shareholders to vote via remote e-voting or electronic voting during the event. CS Devendra Deshpande of DVD & Associates served as the independent scrutinizer for the process.

Voting Results Overview

The company reported a total of 41,613 shareholders as on the record date of September 10, 2026. The promoter group held 29,693,000 shares, while public non-institutional investors held 9,906,800 shares.

All resolutions received unanimous support from the promoter group, which cast all 29,693,000 votes in favor. Public non-institutional participation was lower, with only 16,127 votes polled out of 9,906,800 shares held, representing a 0.16% turnout. Among these public votes, approximately 85-86% were cast in favor of each resolution.

Key Resolutions Passed

The AGM agenda included three ordinary business items and two special business items. All were passed successfully.

Ordinary Business

Shareholders approved the adoption of the audited financial statements for the fiscal year ended March 31, 2026. This resolution received 29,706,906 votes in favor against 2,221 votes against.

The board also secured approval for the reappointment of Mr. Mahesh Sajandas Dulhani as a director, who retires by rotation. This resolution garnered 29,706,805 votes in favor and 2,322 votes against.

Additionally, members approved the appointment of PPC & Co., Chartered Accountants, as the statutory auditors for a five-year term. The vote count mirrored the director reappointment resolution, with 29,706,805 votes in favor.

Special Business

Two special resolutions focused on the reappointment of independent directors for five-year terms. Mr. Yatiraj Shivpratap Marda was reappointed as a Non-Executive and Independent Director, receiving 29,706,792 votes in favor and 2,335 votes against.

Similarly, Mr. Amar Thorat was reappointed to the same role. His reappointment also secured 29,706,792 votes in favor with 2,335 votes cast against.

What the Numbers Show

The voting pattern highlights a stark contrast in engagement between promoter and public shareholders. While the promoter group demonstrated 100% participation and unanimous support, public non-institutional shareholder participation remained minimal at 0.16%. Despite this low turnout, the minority public shareholders who did vote showed strong alignment with management, supporting all resolutions by margins exceeding 85%. No institutional public shareholders participated in the voting process.