Rajesh Dulhani Appointed Chairman of Saraswati Saree Depot Limited as Board Approves Director Changes
Saraswati Saree Depot Limited has approved several significant changes concerning its Board of Directors, including the appointment of Mr. Rajesh Dulhani as Chairman and the re-appointment of two directors, following a board meeting held on June 8, 2026.The company unanimously approved the designation of Mr. Rajesh Dulhani (DIN: 09104989), an Executive Director, as the Chairman of Saraswati Saree Depot Limited. This appointment is effective immediately and follows the resignation of Mr. Shankar Laxmandas Dulhani as Chairman and Executive Director. The appointment marks a change in designation rather than in the composition of the Board.
The board meeting also addressed the cessation of an independent director and the re-appointment of two other individuals to the Board. Mr. Maniklal Karmakar (DIN: 10131711) will cease his role as Independent Director, effective June 19, 2026, upon completion of his term.
The company approved the re-appointments of two directors for five years, subject to shareholder approval at the ensuing Annual General Meeting. Mr. Yatiraj Marda and Mr. Amar Thorat were among those whose appointments were ratified by the Board.
Key Appointments and Reappointments Approved
The details regarding the re-appointment of Mr. Yatiraj Marda and Mr. Amar Thorat are as follows:| Director Name | DIN | Qualification | Date of Appointment / Reappointment | Term Duration |
|---|---|---|---|---|
| Mr. Yatiraj Marda | 10174363 | Chartered Accountant | June 20, 2026 | Five years (until June 19, 2031) |
| Mr. Amar Thorat | 02223782 | Chartered Accountant | August 2, 2026 | Five years (until August 1, 2031) |
Director Status Changes Overview
A review of the directors' status reveals specific changes:- Cessation: Mr. Maniklal Karmakar will cease to be an Independent Director effective June 19, 2026, following the completion of his term.
- Appointment: Mr. Rajesh Dulhani (DIN: 09104989) was appointed as Chairman of the Company with immediate effect.
Mr. Rajesh Dulhani, who holds a degree from Maharashtra State Board and has over 30 years of experience in the apparel industry, possesses knowledge regarding brand creation and management. He is noted to be related to Mr. Vinod Shevakram Dulhani and Mr. Mahesh Sajandas Dulhani.
SSDL Stock Price Movement
Shares of Saraswati Saree Depot Limited shed 2.13% in trading, settling at ₹55.88 as the market closed today. The stock saw a traded volume of 27,906 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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