Saraswati Saree Depot Approves Q1 Results, Appoints New Statutory Auditor
Saraswati Saree Depot Limited announced several key decisions following its Board of Directors meeting held on Friday, August 14, 2026. The board approved the unaudited financial results for the quarter ended June 30, 2026, along with the limited review report provided by Statutory Auditors. Additionally, the company greenlit the draft notice for its sixth Annual General Meeting (AGM) of members, scheduled for September 18, 2026.A significant corporate update was the approval of PPC & Co, Chartered Accountants, as the new Statutory Auditor for the company. The appointment, which is subject to member approval, secures their tenure as auditors for a period of five years, commencing from the conclusion of the upcoming Annual General Meeting until the AGM scheduled for the financial year 2030-31. This move marks a transition following the completion of M/s. Sanjay Vhanbatte & Co, Chartered Accountants' term.
The company's operations and results were reviewed during the board meeting, where approval was granted to both the unaudited quarterly financial results and the Board’s report for the financial year ended March 31, 2026.
Quarterly Financial Performance Snapshot
The un-audited financial statements for the quarter ended June 30, 2026, reflect various operational metrics including revenue and expenses. The following table details key performance indicators:| Particulars | Quarter Ended June 30, 2026 (Unaudited) | Quarter Ended March 31, 2026 (Audited) | Quarter Ended June 30, 2025 (Unaudited) | Year Ended March 31, 2026 (Audited) |
|---|---|---|---|---|
| Revenue from operations | 1,475.90 | 1,335.33 | 1,447.71 | 6,311.62 |
| Other Income | 13.99 | 17.32 | 8.85 | 48.12 |
| Total Revenue | 1,489.89 | 1,352.65 | 1,456.56 | 6,359.73 |
| Total Expenses | 1,403.25 | 1,309.90 | 1,373.22 | 6,057.51 |
| Profit before Exceptional Items and tax | 86.64 | 42.76 | 83.34 | - |
| Income from Associates | 2.48 | 1.03 | 43.79 | 9.73 |
| Profit before Tax | 89.13 | 3.79 | 85.92 | 311.96 |
The company also reported Total Comprehensive Income for the period, reaching 67.15. Additionally, Basic and Diluted Earnings per share (on INR 10 stock) stood at 1.70.
Auditor Profile Details
PPC & Co, Chartered Accountants, was identified as a professional services firm established in 2013. The firm features four partners with expertise across Audit & Assurance, Management Consultancy, Bookkeeping, Risk Advisory, Taxation and Business Advisory Services. PPC & Co operates from Vadodara, Gujarat, with branches located in Nadiad, Valsad, and Kodoli (Kolhapur), Maharashtra. The firm serves diverse industries including Healthcare, IT, Manufacturing, Banking & Financial Services, and SMEs.SSDL Stock Price Movement
Shares of Saraswati Saree Depot Limited shed 4.92% on Friday, settling at ₹65.14 after falling by ₹3.36 from its previous closing value. The stock traded in an intraday range, hitting a low of ₹63.35 amidst 65,020 shares changing hands 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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