Saraswati Saree Depot has dispatched letters to shareholders who have not registered their email addresses with depository participants. The letters provide a weblink to access the notice for the sixth annual general meeting and the annual report for FY26.

The company made this disclosure on August 25, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This action complies with Regulation 36(1)(b) of the SEBI Listing Regulations, ensuring all members receive the necessary documents.

Meeting Details

The sixth annual general meeting is scheduled for September 18, 2026. It will be conducted via video conferencing or other audio-visual means in compliance with Ministry of Corporate Affairs circulars.

The agenda includes ordinary business items such as the adoption of audited standalone financial statements for FY26. Members will also vote on the reappointment of Mr. Mahesh Sajandas Dulhani as a director retiring by rotation.

Special Business Resolutions

Shareholders will consider special resolutions regarding board composition and audit appointments:

• Reappointment of Mr. Yatiraj Shivpratap Marda as an independent director for a five-year term starting June 20, 2026.
• Reappointment of Mr. Amar Thorat as an independent director for a five-year term starting August 2, 2026.
• Appointment of PPC & Co as statutory auditors for a five-year tenure concluding at the FY31 AGM.

E-Voting Details

Remote e-voting opens on September 15, 2026, at 9:00 am and closes on September 17, 2026, at 5:00 pm. The record date for voting eligibility is September 10, 2026. Bigshare Services Private Limited facilitates the e-voting process.

What the Numbers Show

The source document contains no financial performance data, balance sheet figures, or operational metrics. Consequently, no analytical observation regarding revenue trends, margin movements, or capital structure can be derived from the provided filing.

Saraswati Saree Depot Limited reported a modest top-line growth in its unaudited financial results for the quarter ended June 30, 2026, with revenue from operations rising 1.9% year-on-year to ₹1,475.90 million. While profit after tax expanded 4.0% to ₹66.05 million, operating profitability contracted as EBITDA declined 13.1% to ₹78.03 million, reflecting pressure on margins.

The company submitted its financial results along with the Limited Review Report in Times Business (English) and Punyanagari (Marathi) on August 15, 2026. Subsequently, on August 18, 2026, it released an investor presentation detailing the performance under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Vidhi Bharat Oswal, Company Secretary and Compliance Officer of Saraswati Saree Depot Limited, signed both the submission letter dated August 16, 2026, and the investor presentation cover letter dated August 18, 2026, from Kolhapur.

Financial Performance

Revenue growth was outpaced by a 3.3% rise in total procurement costs, leading to an 8.1% decline in gross profit to ₹157.99 million. Consequently, the gross margin eased by 118 basis points to 10.70%, down from 11.88% in the corresponding quarter of FY26.

EBITDA margin contracted by 91 basis points to 5.29%, compared to 6.20% in Q1FY26. Employee benefit expenses rose 25.5% to ₹38.63 million, while other expenses stood at ₹41.32 million.

Despite the operating margin squeeze, net profit benefited from a 58.1% increase in other income to ₹13.99 million and minimal finance costs of ₹0.15 million. The basic earnings per share (EPS) was ₹1.70, up from ₹1.61 in Q1FY26.

What the Numbers Show

The divergence between revenue growth (+1.9%) and procurement cost inflation (+3.3%) highlights the primary headwind for the quarter. While the company maintained its debt-free status and improved its cash conversion cycle by 23 days to 49 days, the reliance on other income to bolster net profit suggests that core operational efficiency remains under pressure. Management noted that restoring margins is a priority amid elevated procurement costs.

Business Outlook

The company serves over 13,000 retailer customers through its wholesale network, which accounts for 98.3% of revenue. A new exclusive retail outlet contributes 1.7% of revenue as it enters its ramp-up phase. Management indicated that Q2 and Q3 FY27 performance may not be strictly comparable to the prior year due to the seasonal shift in Diwali dates. The company remains focused on sourcing efficiency and working capital management.