Sai Silks (Kalamandir) logo

Sai Silks (Kalamandir) MD, chairman, board of directors and AGM

NSE: KALAMANDIRBSE: 543989RetailingSmall Cap

Last close ₹66.91down ₹3.14 (4.48%)BSE ₹66.86

Share price at the NSE close on 23 Oct 2026. Previous close ₹70.05.

52-week range of traded prices to 23 Oct 2026
₹66.00Low, 23 Oct 2026₹223.03High, 28 Oct 2025
Market cap
₹1,026 Cr1,241st largest listed
P/E
7.5
P/B
0.8
Dividend yield
2.24%
ROE
11.4%
ROCE
15.3%
Debt to equity
0.02
Volume, NSE
9,25,78245.7% delivered

Sai Silks (Kalamandir) board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonRavindra Vikram Mamidipudi
  • Company Secretary and Compliance OfficerShilpa Kotagiri

7 directors4 independent3 executive

  • Ravindra Vikram Mamidipudi · ChairpersonIndependent · joined Feb 2022 · reappointed Feb 2022 · 54 months as independent · 3 listed boards · 2 as independent · 2 committee seats, 2 as chair
  • Nagakanaka Durga Prasad ChalavadiExecutive · joined Jul 2008 · reappointed Jul 2023 · 1 listed board
  • Kalyan Srinivas AnnamExecutive · joined Apr 2009 · reappointed Jul 2023 · 1 listed board
  • Doodeswara KanakaDurgarao ChalavadiExecutive · joined Jun 2009 · reappointed Jul 2023 · 1 listed board
  • Pramod KasatIndependent · joined Feb 2022 · reappointed Feb 2022 · 54 months as independent · 0 listed boards · 5 as independent · 7 committee seats, 3 as chair
  • Kunisetty VenkataRamakrishnaIndependent · joined Jun 2022 · reappointed Jun 2022 · 51 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Sridevi DasariIndependent · joined May 2026 · reappointed May 2026 · 4 months as independent · 0 listed boards · 2 as independent · 3 committee seats, 1 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • Sirisha Chintapalli, left 6 May 2026: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 29 Sep 20267 of 7 present4 independent · 75 days in between
    • 15 Jul 20266 of 7 present4 independent · 8 days in between
    • 6 Jul 20266 of 7 present4 independent
  • Audit Committee

    Chair Ravindra Vikram Mamidipudi

    Pramod Kasat, Kunisetty VenkataRamakrishna, Sridevi Dasari

    • 29 Sep 20264 of 4 present4 independent · 75 days in between
    • 15 Jul 20264 of 4 present4 independent
  • Nomination and remuneration committee

    Chair Kunisetty VenkataRamakrishna

    Ravindra Vikram Mamidipudi, Pramod Kasat, Sridevi Dasari

    • 29 Sep 20264 of 4 present4 independent · 75 days in between
    • 15 Jul 20264 of 4 present4 independent
  • Stakeholders Relationship Committee

    Chair Sridevi Dasari

    Nagakanaka Durga Prasad Chalavadi, Kalyan Srinivas Annam

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Nagakanaka Durga Prasad Chalavadi

    Kalyan Srinivas Annam, Doodeswara KanakaDurgarao Chalavadi, Ravindra Vikram Mamidipudi, Venkata Lakshmi Narasimha Sarma Konduri

    • 14 Aug 20264 of 4 present1 independent
  • Corporate Social Responsibility Committee

    Chair Ravindra Vikram Mamidipudi

    Nagakanaka Durga Prasad Chalavadi, Kalyan Srinivas Annam

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • Sagar & AssociatesPeer-review certificate valid to Nov 2028

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Sai Silks (Kalamandir) AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Sai Silks (Kalamandir) dividend history

Annual general meeting, 10 Aug 2026

66,778 shareholders on the register on 3 Aug 2026; present: 2 promoters and 89 others; votes counted by VIKAS SIROHIYA / P S RAO & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To receive, consider, and adopt the Audited Financial Statement of the Company for the financial year ended March 31, 2026 along with the Notes thereon and the Reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.50%

    Turnout: all 65.16% · promoters 100.00% · institutions 84.27% · other public 0.41%

  2. To declare final dividend @ Rs1.50/- per Equity Share of Rs. 2/- each for the Financial Year ended March 31, 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.48%

    Turnout: all 65.16% · promoters 100.00% · institutions 84.27% · other public 0.41%

  3. To appoint a director in place of Mr. Doodeswara Kanaka Durgarao Chalavadi (DIN: 02689280) who retires by rotation and being eligible offers himself for reappointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.01%

    Turnout: all 65.16% · promoters 100.00% · institutions 84.27% · other public 0.41%

  4. Reappointment of Statutory Auditors of the Company.
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 16.73%

    Turnout: all 65.16% · promoters 100.00% · institutions 84.27% · other public 0.41%

  5. Appointment of Mr. Bharadwaj Rachamadugu as Chief Executive Officer (CEO) of the Company
    OrdinaryPromoters have an interest in it
    95.22% for4.78% against

    Against: promoters 0.00% · institutions 35.12% · other public 2.77%

    Turnout: all 29.91% · promoters 42.17% · institutions 84.27% · other public 0.41%

  6. Appointment of Ms. Sridevi Dasari (DIN: 07512095) as an Independent Director of the company.
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 16.81%

    Turnout: all 65.16% · promoters 100.00% · institutions 84.27% · other public 0.41%

  7. Payment of commission to Non-Executive Independent Directors
    Ordinary
    97.74% for2.26% against

    Against: promoters 0.00% · institutions 35.63% · other public 17.76%

    Turnout: all 65.16% · promoters 100.00% · institutions 84.27% · other public 0.41%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Aug 2025, 4 resolutions

57,128 shareholders on the register on 22 Aug 2025; present: 2 promoters and 72 others; votes counted by VIKAS SIROHIYA / P S RAO & ASSOCIATES.The company's voting result (opens in a new tab)

  1. Adoption of Audited Financial Statement of the Company for the financial year ended March 31, 2025 along with the Notes thereon and the Reports of the Board of Directors and the Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.56%

    Turnout: all 74.20% · promoters 100.00% · institutions 84.00% · other public 0.18%

  2. Declaration of final dividend Rs.1.00/- per Equity Share of Rs. 2/- each for the Financial Year ended March 31, 2025.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.26%

    Turnout: all 74.20% · promoters 100.00% · institutions 84.00% · other public 0.18%

  3. Appointment of Mr. Kalyan Srinivas Annam (DIN: 02428313) to the office of Director, retirement by rotation
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.67%

    Turnout: all 74.20% · promoters 100.00% · institutions 84.00% · other public 0.18%

  4. Appointment of PS Rao & Associates as Secretarial Auditors
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.53%

    Turnout: all 74.20% · promoters 100.00% · institutions 84.00% · other public 0.18%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 27 Sep 2024, 3 resolutions

Present: 4 promoters and 44 others.The company's voting result (opens in a new tab)

  1. To receive, consider, and adopt the Audited Financial Statement of the Company for the financial year ended 31st March, 2024 along with the Notes thereon and the Reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.93%

    Turnout: all 78.19% · promoters 100.00% · institutions 87.68% · other public 0.17%

  2. To declare final dividend @ Re.1.00/- per Equity Share of Rs 2/- each for the Financial Year ended March 31, 2024.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.93%

    Turnout: all 78.19% · promoters 100.00% · institutions 87.68% · other public 0.17%

  3. To appoint a director in place of Mr. Doodeswara Kanaka Durgarao Chalavadi (DIN: 02689280) who retires by rotation and beingneligible offers himself for reappointment.
    Ordinary
    98.44% for1.56% against

    Against: promoters 0.00% · institutions 6.67% · other public 2.63%

    Turnout: all 75.98% · promoters 93.80% · institutions 87.68% · other public 0.20%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 10 Aug 2026, 2 fund houses so far (houses' deadline to file 15 Oct 2026)

  • To receive, consider, and adopt the Audited Financial Statement of the Company for the financial year ended March 31, 2026 along with the Notes thereon and the Reports of the Board of Directors and the Auditors thereon.MoreLess
    2 for0 against
  • To declare final dividend @ Rs1.50/- per Equity Share of Rs. 2/- each for the Financial Year ended March 31, 2026.
    2 for0 against
  • To appoint a director in place of Mr. Doodeswara Kanaka Durgarao Chalavadi (DIN: 02689280) who retires by rotation and being eligible offers himself for reappointment.
    2 for0 against
  • Reappointment of Statutory Auditors of the Company.
    2 for0 against
  • Appointment of Mr. Bharadwaj Rachamadugu as Chief Executive Officer (CEO) of the Company
    2 for0 against
  • Appointment of Ms. Sridevi Dasari (DIN: 07512095) as an Independent Director of the company.
    2 for0 against
  • Payment of commission to Non-Executive Independent Directors
    2 for0 against

Mutual fund votes, meeting of 29 Aug 2025, 6 fund houses

  • Adoption of Audited Financial Statement of the Company for the financial year ended March 31, 2025 along with the Notes thereon and the Reports of the Board of Directors and the Auditors thereon.
    6 for0 against
  • Declaration of final dividend Rs.1.00/- per Equity Share of Rs. 2/- each for the Financial Year ended March 31, 2025.
    6 for0 against
  • Appointment of Mr. Kalyan Srinivas Annam (DIN: 02428313) to the office of Director, retirement by rotation
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundCompliant with law. Governance Concern: Remuneration practice appears to be disjointed & skewed among the Promoter Directors.
    5 for1 against
  • Appointment of PS Rao & Associates as Secretarial Auditors
    6 for0 against
1 earlier meeting

Mutual fund votes, meeting of 27 Sep 2024, 10 fund houses

  • To receive, consider, and adopt the Audited Financial Statement of the Company for the financial year ended 31st March, 2024 along with the Notes thereon and the Reports of the Board of Directors and the Auditors thereon.MoreLess
    9 for0 against
  • To declare final dividend @ Re.1.00/- per Equity Share of Rs 2/- each for the Financial Year ended March 31, 2024.
    9 for0 against
  • To appoint a director in place of Mr. Doodeswara Kanaka Durgarao Chalavadi (DIN: 02689280) who retires by rotation and beingneligible offers himself for reappointment.
    10 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Tax disputes

Reported in the filing for the quarter to Sep 2026.

  • Tax disputeDeputy Commissioner of Income Tax, Central circle 1(3), HyderabadSince 27 Dec 2018
    No further response from the department
    At the filing before: Contingent Liabilities for the AY 2016-17 - Rs. 0.89 Cr Company has filed a rectification request u/s 154 of the Income Tax act 1961

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Jun 2026.

RaisedAmount raisedForSet asideSpentSpent elsewhereSpent elsewhere, amountReason and comments
Public IssuesSep 2023, checked by CARE RATINGS LIMITED600.00Funding capital expenditure towards setting-up of 30 new stores (“New Stores”);122.72116.23No2.36
The net proceeds of the issue are Rs.566.24 crore out of which Rs.539.47 crore was spent as of June 30, 2026. There has been a deviation in the timelines for utilization of funds under Objects 1 and 2; however, the necessary approval from the Board of Directors for extension of the timelines has been obtained. Further, an amount of Rs.2.36 crore has been utilized towards Object 3, i.e., “Funding working capital requirements of the company,” from the funds originally earmarked for Object 1, i.e., “Funding capital expenditure for setting up of 30 new stores.” The Board of Directors has approved the said reallocation. There are no material deviations in the utilization of proceeds. However, there is a deviation in the amount spent towards Object 3 as compared to the earmarked funds as per the IPO document. The deviation is within 10% as of June 30, 2026, and the necessary approval from the Board of Directors has been obtained. The means of finance for Objects 1 and 3 have been revised; however, the overall proceeds allocated towards the objects specified in the IPO document remain unchanged. The revision in funding towards objects 1 & 3 was already considered at the time of issuance of earlier monitoring report for Q4FY26.MoreLess
Public IssuesSep 2023, checked by CARE RATINGS LIMITED600.00Funding capital expenditure towards setting-up of two warehouses;25.405.12No
The net proceeds of the issue are Rs.566.24 crore out of which Rs.539.47 crore was spent as of June 30, 2026. There has been a deviation in the timelines for utilization of funds under Objects 1 and 2; however, the necessary approval from the Board of Directors for extension of the timelines has been obtained. Further, an amount of Rs.2.36 crore has been utilized towards Object 3, i.e., “Funding working capital requirements of the company,” from the funds originally earmarked for Object 1, i.e., “Funding capital expenditure for setting up of 30 new stores.” The Board of Directors has approved the said reallocation. There are no material deviations in the utilization of proceeds. However, there is a deviation in the amount spent towards Object 3 as compared to the earmarked funds as per the IPO document. The deviation is within 10% as of June 30, 2026, and the necessary approval from the Board of Directors has been obtained. The means of finance for Objects 1 and 3 have been revised; however, the overall proceeds allocated towards the objects specified in the IPO document remain unchanged. The revision in funding towards objects 1 & 3 was already considered at the time of issuance of earlier monitoring report for Q4FY26.MoreLess
Public IssuesSep 2023, checked by CARE RATINGS LIMITED600.00Funding working capital requirements of our Company;282.43282.43No2.36
The net proceeds of the issue are Rs.566.24 crore out of which Rs.539.47 crore was spent as of June 30, 2026. There has been a deviation in the timelines for utilization of funds under Objects 1 and 2; however, the necessary approval from the Board of Directors for extension of the timelines has been obtained. Further, an amount of Rs.2.36 crore has been utilized towards Object 3, i.e., “Funding working capital requirements of the company,” from the funds originally earmarked for Object 1, i.e., “Funding capital expenditure for setting up of 30 new stores.” The Board of Directors has approved the said reallocation. There are no material deviations in the utilization of proceeds. However, there is a deviation in the amount spent towards Object 3 as compared to the earmarked funds as per the IPO document. The deviation is within 10% as of June 30, 2026, and the necessary approval from the Board of Directors has been obtained. The means of finance for Objects 1 and 3 have been revised; however, the overall proceeds allocated towards the objects specified in the IPO document remain unchanged. The revision in funding towards objects 1 & 3 was already considered at the time of issuance of earlier monitoring report for Q4FY26.MoreLess
Public IssuesSep 2023, checked by CARE RATINGS LIMITED600.00Repayment or pre-payment, in full or part, of certain borrowings availed by our Company; and50.0050.00No
The net proceeds of the issue are Rs.566.24 crore out of which Rs.539.47 crore was spent as of June 30, 2026. There has been a deviation in the timelines for utilization of funds under Objects 1 and 2; however, the necessary approval from the Board of Directors for extension of the timelines has been obtained. Further, an amount of Rs.2.36 crore has been utilized towards Object 3, i.e., “Funding working capital requirements of the company,” from the funds originally earmarked for Object 1, i.e., “Funding capital expenditure for setting up of 30 new stores.” The Board of Directors has approved the said reallocation. There are no material deviations in the utilization of proceeds. However, there is a deviation in the amount spent towards Object 3 as compared to the earmarked funds as per the IPO document. The deviation is within 10% as of June 30, 2026, and the necessary approval from the Board of Directors has been obtained. The means of finance for Objects 1 and 3 have been revised; however, the overall proceeds allocated towards the objects specified in the IPO document remain unchanged. The revision in funding towards objects 1 & 3 was already considered at the time of issuance of earlier monitoring report for Q4FY26.MoreLess
Public IssuesSep 2023, checked by CARE RATINGS LIMITED600.00General corporate purposes.85.6985.69No
The net proceeds of the issue are Rs.566.24 crore out of which Rs.539.47 crore was spent as of June 30, 2026. There has been a deviation in the timelines for utilization of funds under Objects 1 and 2; however, the necessary approval from the Board of Directors for extension of the timelines has been obtained. Further, an amount of Rs.2.36 crore has been utilized towards Object 3, i.e., “Funding working capital requirements of the company,” from the funds originally earmarked for Object 1, i.e., “Funding capital expenditure for setting up of 30 new stores.” The Board of Directors has approved the said reallocation. There are no material deviations in the utilization of proceeds. However, there is a deviation in the amount spent towards Object 3 as compared to the earmarked funds as per the IPO document. The deviation is within 10% as of June 30, 2026, and the necessary approval from the Board of Directors has been obtained. The means of finance for Objects 1 and 3 have been revised; however, the overall proceeds allocated towards the objects specified in the IPO document remain unchanged. The revision in funding towards objects 1 & 3 was already considered at the time of issuance of earlier monitoring report for Q4FY26.MoreLess
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.