Saraswati Saree Depot Limited disclosed that there has been no creation, invocation, or release of encumbrance on any shares held by its promoter or persons acting in concert during the financial year ended March 31, 2026. The declaration confirms the status of the promoter's holdings regarding any pledged or encumbered shares for FY26.

The disclosure was submitted by Promoter Vinod Shevakram Dulhani to BSE Limited and the National Stock Exchange of India Ltd. on April 3, 2026. The filing was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which requires periodic declarations regarding encumbrances on promoter shares.

Key Details of the Disclosure

The following table outlines the key details of the regulatory submission:

The confirmation provided by the promoter covers shares held by him individually as well as those held by persons acting in concert with him. This regulatory filing ensures transparency regarding the leverage or pledge status of the promoter's shareholding in the company.

Saraswati Saree Depot Limited has appointed Mr. Rajesh Dulhani as the Chairman of the Company with immediate effect, succeeding Mr. Shankar Laxmandas Dulhani who resigned on June 5, 2026. The Board of Directors approved the appointment during its meeting held on June 8, 2026, alongside the re-appointment of two Independent Directors and the cessation of a third director.

Mr. Rajesh Dulhani, an existing Executive Director, was unanimously designated as Chairman. This appointment does not alter the composition of the Board. Mr. Rajesh Dulhani is related to Mr. Vinod Shevakram Dulhani and Mr. Mahesh Sajandas Dulhani, and brings over 30 years of experience in the apparel industry, specializing in brand creation and management.

The Board approved the re-appointment of Mr. Yatiraj Marda and Mr. Amar Thorat as Independent Additional Directors for a term of five years, subject to shareholder approval at the ensuing Annual General Meeting (AGM) via Special Resolution. Mr. Yatiraj Marda's term is effective from June 20, 2026, while Mr. Amar Thorat's term begins on August 2, 2026. Both appointees are Chartered Accountants with extensive experience in taxation, auditing, and government sector audits.

Additionally, the Board noted the cessation of Mr. Maniklal Karmakar as an Independent Director effective June 19, 2026, due to the completion of his term. This change is in accordance with Section 149 of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The following table summarizes the key board changes:

Vidhi Bharat Oswal, Company Secretary & Compliance Officer, signed the regulatory filing on behalf of Saraswati Saree Depot Limited.