Saraswati Commercial (India) Limited has announced several key decisions following its board meeting held on August 13, 2025. The company's board approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2025, and set the stage for its upcoming 42nd Annual General Meeting (AGM).

Annual General Meeting and Book Closure

The 42nd AGM is scheduled for September 25, 2025, and will be conducted through video conferencing. In preparation for the AGM, the company's share transfer books will remain closed from September 18 to September 25, 2025. The e-voting period for shareholders will commence on September 21 at 9:00 a.m. IST and conclude on September 24 at 5:00 p.m. IST.

Director Reappointments

The board has approved several key reappointments, subject to shareholder approval at the AGM:

1. Mr. Sandeep Kumar Kejariwal has been reappointed as a Director of the company.
2. Ms. Neha Bandyopadhyay has been reappointed as a Non-Executive Independent Director for a second term of five consecutive years, effective from February 11, 2026.
3. Mrs. Rupal Vora has also been reappointed as a Non-Executive Independent Director for a second term of five consecutive years, effective from April 28, 2026.

Auditor Changes

In a significant move, the company announced changes to its statutory auditors:

1. M/s. Ajmera Ajmera & Associates (FRN: 123989W) have resigned as the Statutory Auditors of the company. The resignation comes in light of the RBI Guidelines for Appointment of Statutory Auditors, which require NBFCs with an asset size exceeding Rs. 1,000 crore to meet specific eligibility criteria for their auditors.

2. The board has appointed M/s. GBCA & Associates LLP, Chartered Accountants (FRN: 103142W/W100292) as the new Statutory Auditors. They will serve for a term of three consecutive years, from the conclusion of the 42nd AGM until the conclusion of the 45th AGM, subject to shareholder approval.

About the New Auditors

M/s. GBCA & Associates LLP, established in 1955, brings a wealth of experience to Saraswati Commercial. The firm boasts nine partners, four of whom hold a Diploma in Information Systems Audit. All partners are full-time practitioners with extensive experience in accounting, auditing, finance, internal financial control, quality control, and various tax law matters.

These developments mark significant changes in Saraswati Commercial's governance structure and financial oversight, aligning the company with regulatory requirements and setting the stage for its future operations.

Saraswati Commercial (India) Limited, a Non-Banking Financial Company (NBFC), has successfully completed its investment in the Initial Public Offering (IPO) of Aditya Infotech Limited, a leading player in the video security and surveillance sector. The investment, made through the anchor category of the IPO, marks a strategic move for Saraswati Commercial in its role as a financial investor.

Investment Details

Saraswati Commercial acquired 192,588 equity shares of Aditya Infotech at a price of Rs 675.00 per share, totaling an investment of Rs 12.99 crore. This acquisition represents a 0.16% stake in Aditya Infotech's post-issue capital. The share allotment was completed on August 1, as confirmed in a regulatory filing by Saraswati Commercial.

About Aditya Infotech

Aditya Infotech Limited, incorporated on March 27, 1995, operates under the brand name 'CP Plus' and offers a comprehensive range of advanced video security and surveillance products, technologies, and solutions for both enterprise and consumer segments. The company has shown impressive financial performance, with a consolidated turnover of Rs 3,111.87 crore for the most recent fiscal year.

IPO Details

Aditya Infotech's IPO, with a total issue size of Rs 1,300.00 crore, has attracted significant interest from investors. The company's strong market position and growth trajectory in the video security sector have likely contributed to the appeal of its public offering.

Financial Performance of Aditya Infotech

Aditya Infotech has demonstrated consistent growth over the past three years:

As of the most recent fiscal year-end, the company reported a consolidated net worth of Rs 1,017.67 crore.

Saraswati Commercial's Investment Strategy

Saraswati Commercial (India) Limited, primarily engaged in investment activities, made this acquisition as part of its normal business operations. The company's regulatory filing emphasized that the investment is in line with its role as a financial investor and exceeds the threshold specified in SEBI regulations for material events requiring disclosure.

This investment by Saraswati Commercial in Aditya Infotech's IPO underscores the attractiveness of the video security and surveillance sector to financial investors. As the demand for advanced security solutions continues to grow, companies like Aditya Infotech are well-positioned to capitalize on market opportunities, potentially offering attractive returns for investors like Saraswati Commercial.