Saraswati saree depot Limited has fulfilled its regulatory compliance obligations by submitting the mandatory certificate under SEBI Regulation 74(5) for the quarter ended March 31, 2026. The submission was made to both BSE and NSE on April 15, 2026, through Company Secretary Vidhi Bharat Oswal.

Regulatory Compliance Details

The certificate was issued by Bigshare Services Pvt Ltd, the company's registrar and share transfer agent, holding SEBI registration number INR000001385. The document confirms that Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, is not applicable to Saraswati Saree Depot Limited during the reporting quarter.

Shareholding Status

The certificate highlights a significant aspect of the company's shareholding structure. Bigshare Services confirmed that the entire holding of Saraswati Saree Depot Limited's shares remains in demat form. This complete digitisation of shareholding demonstrates the company's alignment with modern securities market practices.

During the quarter ended March 31, 2026, the registrar received no requests from shareholders for rematerialisation of shares. This indicates that all investors continue to prefer holding their shares in electronic format, which offers enhanced security and ease of trading.

Corporate Communication

The compliance submission was executed by Vidhi Bharat Oswal, serving as Company Secretary and Compliance Officer with membership number A77054. The digital signature on the document was applied on April 15, 2026, at 17:32:53 +05'30', ensuring proper authentication of the regulatory filing.

Market Information

Saraswati Saree Depot Limited operates from its registered office at S. No. 144/1, Manade Mala, Gandhinagar Road, P.O. Uchgaon, Dist. Kolhapur, Maharashtra, 416005. The company is incorporated with CIN L14101PN2021PLC199578 and maintains active communication channels for investor relations and corporate governance matters.

Saraswati Saree Depot Limited has released its investor presentation on the unaudited financial results for the quarter ended December 31, 2025, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The presentation was released on February 19, 2026, providing comprehensive insights into the company's Q3FY26 performance and business outlook.

Q3FY26 Financial Performance

The company reported revenue from operations of ₹144.47 crore for Q3FY26, representing a decline of 20.7% compared to ₹182.14 crore in Q3FY25. This decrease was attributed to seasonal softness and normalization following a stronger previous period.

Nine-Month Performance Highlights

For the nine months ended December 31, 2025, the company demonstrated resilience with revenue growth of 4.3% year-on-year to ₹497.63 crore from ₹477.26 crore in the corresponding period last year.

Management Commentary

Mr. Shankar Dulhani, Chairman & Executive Director, commented on the performance, noting that demand remained softer during the quarter due to normalization following seasonally stronger previous periods. He highlighted that margins were impacted by input cost pressures and operating deleverage from lower volumes, while emphasizing the company's focus on maintaining financial discipline.

The Managing Director & CEO noted that despite near-term margin headwinds, the company's financial discipline remained intact, with priority on tighter working capital management, prudent capital allocation, and maintaining operating cash flow generation through the softer part of the cycle.

Business Operations and Strategic Initiatives

Saraswati Saree Depot, with origins dating back to 1966, operates as a key player in the sarees wholesale segment. The company serves over 13,000 unique customers and maintains a product catalogue of more than 3,00,000 different SKUs. The company sources products from over 9,000 weavers and suppliers across different states in India.

The management noted initial progress in their retail initiative, which contributed approximately 1% of sales during the quarter, representing a strategic step toward expanding market reach and building direct consumer connections.

Outlook and Regulatory Compliance

Looking ahead, management expects seasonal tailwinds in the fourth quarter driven by wedding season and spring festive demand, which historically supports recovery in wholesale volumes across key markets including Maharashtra, Karnataka, Tamil Nadu, and Goa.

The investor presentation was released in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency for investors and stakeholders. The document was digitally signed by Vinod Shevakram Dulhani, Director (DIN: 09105157), from Kolhapur.

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