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Company Filings, Explained Simply

AI-powered plain-English analysis of every important corporate announcement — financial results, order wins, dividends, mergers and more. Updated live.

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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Saraswati Saree Depot Ltd
Saraswati Saree Depot: Independent Director Cessation & Re-appointment
MANAGEMENT ● No Immediate Change LOW RISK
📅 Filed on BSE: 08 Jun 2026, 04:16 PM IST  ·  BSE ID: 8cdde676-fe17-4826-a272-4c024fd1eff2
View Original BSE Filing (PDF)
💡
In Simple Terms
An independent director is leaving after their term ends, and another director's reappointment has been approved by the board.
🤖 AI Summary
  • Independent Director Mr. Maniklal Karmakar ceases role June 19, 2026.
  • Cessation due to completion of term under Companies Act, 2013.
  • Board approved Mr. Yatiraj Marda as Independent Additional Director.
  • Re-appointment is for 5 years, subject to shareholder approval.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Independent Director Cessation Effective Date
June 19, 2026
Approved Re-appointment Term
5 years
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders regarding these director changes.
👤
Who Is Affected
All shareholders are affected by changes in board composition, impacting corporate governance oversight.
🔍
Management Signal
The board's actions signal adherence to corporate governance norms and a process for director succession.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Shareholder approval for Mr. Yatiraj Marda's re-appointment at AGM.
Subsequent board meetings for operational updates and strategy.
Disclosure of any further changes in directorships.
LOW RISK Routine board governance event with no immediate financial or operational risks disclosed.
💡 Investor Takeaway
Saraswati Saree Depot Ltd confirmed Mr. Maniklal Karmakar's cessation as Independent Director effective June 19, 2026, and approved Mr. Yatiraj Marda's re-appointment for 5 years, subject to shareholder vote.
❓ Frequently Asked Questions
When does Mr. Maniklal Karmakar cease to be an Independent Director at Saraswati Saree Depot Ltd?
Mr. Maniklal Karmakar will cease to be an Independent Director effective June 19, 2026.
Why is Mr. Maniklal Karmakar ceasing to be an Independent Director?
He is ceasing upon completion of his term in accordance with the Companies Act, 2013.
Who has been approved for re-appointment as an Independent Additional Director?
Mr. Yatiraj Marda has been approved for re-appointment as an Independent Additional Director.
What is the tenure for Mr. Yatiraj Marda's re-appointment?
Mr. Yatiraj Marda's re-appointment is for 5 years, subject to shareholder approval.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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