Shankar Laxmandas Dulhani Resigns as Chairman and Executive Director of Saraswati Saree Depot Ltd
Saraswati Saree Depot Ltd has announced the resignation of Mr. Shankar Laxmandas Dulhani from his roles as Chairman and Executive Director, effective June 5, 2026. The company stated that the change was necessitated by Mr. Dulhani's need to dedicate more time towards managing the business of his partnership firm.The immediate resignation marks a transition for the company following years of service from Mr. Dulhani. During his tenure, he contributed significantly to strengthening the company's governance framework and strategic development.
Details regarding the change in directorship are as follows:
| Particular | Detail |
|---|---|
| Resigned Individual | Mr. Shankar Laxmandas Dulhani |
| Position(s) | Chairman and Executive Director |
| Effective Date of Resignation | June 5, 2026 |
| Reason for Change | To dedicate more time towards managing his partnership firm business |
Mr. Dulhani tendered his resignation, stating that while stepping down from the company's leadership roles, he remains confident in the organization's future prospects and pledged to contribute to the company’s growth in any appropriate capacity as a supportive team member.
SSDL Stock Price Movement
Shares of Saraswati Saree Depot Limited slipped by 2.24% after market close today, settling at ₹57.15. The stock traded throughout the session between a high of ₹58.89 and a low of ₹57.00, with a volume of 37,520 shares recorded today.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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