Saraswati Commercial India logo

Saraswati Commercial India MD, chairman, board of directors and AGM

NSE: ZSARACOMBSE: 512020FinanceSmall Cap

Last close ₹9,380.00down ₹51.00 (0.54%)

Share price at the NSE close on 23 Oct 2026. Previous close ₹9,431.00.

52-week range of BSE trades to 22 Oct 2026
₹8,650.00Low, 30 Mar 2026₹14,499.95High, 13 Nov 2025
Market cap
₹1,028 Cr1,403rd largest listed
P/E
7.8
P/B
0.9
Dividend yield
Nonein the last 12 months
ROE
12.8%
NIM
0.35%
Cost of funds
13.97%
Credit cost
0.80%
ROA
7.93%
Leverage
1.12times net worth
Volume, NSE
11100.0% delivered

Saraswati Commercial India board of directors

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

  • ChairpersonRupal Anand Vora
  • Company Secretary and Compliance OfficerAvani Sanghavi

7 directors3 independent1 executive3 non-executive

  • Rupal Anand Vora · ChairpersonIndependent · joined Apr 2021 · reappointed Sep 2025 · 62 months as independent · 6 listed boards · 6 as independent · 10 committee seats, 4 as chair
  • Rohit Ashwin KothariNon-executive · joined May 2025 · reappointed May 2025 · 3 listed boards
  • Vaishali Rajesh DhuriExecutive · joined Oct 2024 · reappointed Oct 2024 · 1 listed board · 1 committee seat
  • Hetal Rajnikant KhalpadaNon-executive · joined May 2021 · reappointed Sep 2021 · 2 listed boards · 2 committee seats
  • Sandeep Kumar KejariwalNon-executive · joined Jul 2019 · reappointed Sep 2019 · 2 listed boards · 2 committee seats
  • Vallabh Prasad BiyaniIndependent · joined Feb 2022 · reappointed May 2022 · 52 months as independent · 3 listed boards · 3 as independent · 8 committee seats, 2 as chair
  • Neha BandyopadhyayIndependent · joined Feb 2025 · reappointed Sep 2025 · 16 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 2 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.

2 directors who left
  • Ketan Natvarlal Desai, left 11 Feb 2025: Tenure Completion
  • Ritesh Vijay Zaveri, left 9 Oct 2024: Others

Committees and meetings

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

  • Board

    • 26 May 20266 of 7 present3 independent · 102 days in between
    • 12 Feb 20267 of 7 present3 independent
  • Audit Committee

    Chair Rupal Anand Vora

    Hetal Rajnikant Khalpada, Vallabh Prasad Biyani

    • 26 May 20263 of 3 present2 independent · 102 days in between
    • 12 Feb 20263 of 3 present2 independent
  • Nomination and remuneration committee

    Chair Vallabh Prasad Biyani

    Sandeep Kumar Kejariwal, Rupal Anand Vora

    • 26 May 20263 of 3 present2 independent
  • Stakeholders Relationship Committee

    Chair Vallabh Prasad Biyani

    Vaishali Rajesh Dhuri, Rupal Anand Vora

    • 26 May 20263 of 3 present2 independent · 102 days in between
    • 12 Feb 20263 of 3 present2 independent
  • Corporate Social Responsibility Committee

    Chair Vallabh Prasad Biyani

    Vaishali Rajesh Dhuri, Rupal Anand Vora

    • 26 May 20263 of 3 present2 independent
  • Risk Management Committee

    Chair Hetal Rajnikant Khalpada

    Rupal Anand Vora, Sandeep Kumar Kejariwal, Rajiv Pathak

    • 26 May 20263 of 3 present1 independent · 102 days in between
    • 12 Feb 20263 of 3 present1 independent
  • Asset Liability Management Committee

    Chair Rajiv Pathak

    Rupal Anand Vora, Hetal Rajnikant Khalpada, Sandeep Kumar Kejariwal

    • 26 May 20263 of 3 present1 independent · 102 days in between
    • 12 Feb 20263 of 3 present1 independent
  • IT Strategy Committee

    Chair Rupal Anand Vora

    Sandeep Kumar Kejariwal

    • 28 Apr 20263 of 3 present1 independent · 89 days in between
    • 28 Jan 20263 of 3 present1 independent
  • IT Steering Committee

    • 28 Apr 20261 of 1 present0 independent · 89 days in between
    • 28 Jan 20261 of 1 present0 independent
  • Information Security Committee

    • 28 Apr 20261 of 1 present0 independent · 89 days in between
    • 28 Jan 20261 of 1 present0 independent
  • Special Committee of the Board for Monitoring and Follow-Up of Cases of Frauds

    • 30 Mar 20261 of 1 present0 independent

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.

Saraswati Commercial India 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.Saraswati Commercial India share news and announcements

Annual general meeting, 24 Sep 2026

2,926 shareholders on the register on 17 Sep 2026; present: 12 promoters and 33 others; votes counted by Avani Gandhi / Avani Gandhi & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt: (a) the Audited Standalone Financial Statements of the Company for the year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon; and (b) the Audited Consolidated Financial Statements of the Company for the year ended March 31, 2026, together with the Reports of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 91.56% · promoters 100.00% · institutions 0.00% · other public 66.40%

  2. To appoint a Director in place of Mr. Hetal Khalpada (holding DIN: 00055823) Non-Executive Director, who retires by rotation and being eligible, seeks re-appointment.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 91.56% · promoters 100.00% · institutions 0.00% · other public 66.40%

  3. Re-appointment of Mr. Vallabh Prasad Biyani (DIN: 00043358) as a Non-Executive Independent Director of the Company for a second term of five consecutive years.
    Special
    100.00% for0.00% against

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

    Turnout: all 91.56% · promoters 100.00% · institutions 0.00% · other public 66.40%

  4. Approval of Material Related Party Transaction(s) to be entered into with Winro Commercial (India) Limited.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 16.68% · promoters 0.00% · institutions 0.00% · other public 66.40%

  5. Approval of Material Related Party Transaction(s) to be entered into with Singularity Holdings Limited.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 16.68% · promoters 0.00% · institutions 0.00% · other public 66.40%

  6. Approval of Material Related Party Transaction(s) to be entered into with Geecee Ventures Limited.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 16.68% · promoters 0.00% · institutions 0.00% · other public 66.40%

  7. Approval of Material Related Party Transaction(s) to be entered into with Sam-Jag-Deep Investments Private Limited.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 16.68% · promoters 0.00% · institutions 0.00% · other public 66.40%

  8. Approval of Material Related Party Transaction(s) to be entered into with Geecee Fincap Limited.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 16.68% · promoters 0.00% · institutions 0.00% · other public 66.40%

  9. Approval of Material Related Party Transaction(s) to be entered into with Four Dimensions Securities (India) Limited.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 16.68% · promoters 0.00% · institutions 0.00% · other public 66.40%

  10. Approval of Material Related Party Transaction(s) to be entered into with Urudavan Investment & Trading Private Limited.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 16.68% · promoters 0.00% · institutions 0.00% · other public 66.40%

  11. Approval of Material Related Party Transaction(s) to be entered into with Four Dimensions Advisors Private Limited.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 16.68% · promoters 0.00% · institutions 0.00% · other public 66.40%

  12. Approval of Material Related Party Transaction(s) to be entered into with Better Time Realtors Private Limited.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 16.68% · promoters 0.00% · institutions 0.00% · other public 66.40%

  13. Approval of Material Related Party Transaction(s) to be entered into with Geecee Holdings LLP.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 16.68% · promoters 0.00% · institutions 0.00% · other public 66.40%

  14. Approval of Material Related Party Transaction(s) to be entered into with Nebulon Investment Managers Private Limited.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 16.68% · promoters 0.00% · institutions 0.00% · other public 66.40%

  15. Approval of Material Related Party Transaction(s) to be entered into with Nebulon Ventures LLP.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

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

    Turnout: all 16.68% · promoters 0.00% · institutions 0.00% · other public 66.40%

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.

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

At most 4 complaints open, quarter to Sep 2025.
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
No
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
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.