Saraswati Saree Depot Limited has submitted its monitoring agency report for the quarter ended December 31, 2025, in compliance with SEBI regulations. The report, prepared by CRISIL Ratings Limited and dated February 14, 2026, provides a comprehensive overview of the utilization of IPO proceeds.

IPO Details and Structure

The company's Initial Public Offer was conducted from August 12, 2024, to August 14, 2024, raising a total of ₹1,600.13 million. The issue comprised a fresh issue of ₹1,039.97 million and an Offer for Sale (OFS) of ₹560.16 million.

Fund Utilization Status

The monitoring report reveals that the company has substantially utilized its IPO proceeds according to the stated objectives in the offer document. The primary allocation was towards funding working capital requirements and general corporate purposes.

Quarterly Progress and Compliance

During the quarter ended December 31, 2025, the company utilized ₹1.34 million towards issue expenses, bringing the total utilization to ₹1,035.74 million. The unutilized amount of ₹4.23 million remains in the Public Issue Account.

The monitoring agency confirmed that:

• All utilization aligns with disclosures in the offer document
• No deviations from the stated objects were observed
• No material changes in financing means occurred
• All statutory requirements have been met

Regulatory Framework

The report was prepared pursuant to Regulation 41(2) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and the Monitoring Agency Agreement dated July 15, 2024. The report was reviewed and approved by the company's Audit Committee and Board of Directors on February 14, 2026.

Company Background

Saraswati Saree Depot Limited operates in the garments and apparels sector. The company is promoted by Mr. Mahesh Sajandas Dulhani, Mr. Rajesh Sujandas Dulhani, Mr. Shankar Laxmandas Dulhani, and Mr. Vinod Shevakram Dulhani, and is headquartered in Kolhapur, Maharashtra.

The monitoring agency report demonstrates the company's adherence to regulatory compliance and proper utilization of public funds as per the stated objectives in its IPO prospectus.

Saraswati Saree Depot Limited has announced that its Board of Directors will convene on February 14, 2026, to approve the company's unaudited financial results for the third quarter of FY26. The meeting represents a key milestone in the company's quarterly reporting cycle as it prepares to disclose its financial performance for the period ended December 31, 2025.

Board Meeting Details

The board meeting has been scheduled in accordance with regulatory requirements and will address critical financial disclosures for stakeholders.

Financial Results Scope

The board will review and approve comprehensive financial data covering multiple reporting periods. The meeting agenda focuses on the unaudited financial results for both the quarter and nine months ended December 31, 2025. This dual-period review will provide stakeholders with insights into both quarterly performance and year-to-date financial trends for FY26.

Regulatory Compliance Framework

The announcement was made on January 20, 2026, ensuring full compliance with established regulatory frameworks. The company has adhered to the provisions of Regulation 29 and 43 of SEBI (Listing Obligation and Disclosure Requirements) 2015 and the Companies Act 2013. These regulations mandate timely disclosure of board meetings that will consider financial results, ensuring transparency for investors and market participants.

Trading Window Status

Saraswati Saree Depot Limited has implemented trading restrictions in line with insider trading regulations. The trading window was closed on December 26, 2025, and will remain closed until 48 hours after the declaration of the unaudited financial results for the quarter ended December 31, 2025. This measure ensures compliance with insider trading norms and protects market integrity during the financial results announcement period.

Corporate Communication

The formal intimation was signed by Vidhi Bharat Oswal, Company Secretary & Compliance Officer (Membership No. A77054), and submitted to both the National Stock Exchange of India Limited and BSE Limited. The company maintains its registered office at S. No. 144/1, Manade Mala, Gandhinagar Road, P.O. Uchgaon, Dist. Kolhapur, Maharashtra, 416005, with CIN L14101PN2021PLC199578.