Concept:
Bromine water is a mild oxidising agent. It oxidises the aldehyde group of glucose to gluconic acid, not saccharic acid.
Step 1: Oxidation with bromine water.
Glucose with bromine water gives:
\[
\text{Gluconic acid}
\]
Step 2: Formation of saccharic acid.
Saccharic acid is formed when glucose is oxidised strongly, for example by nitric acid.
Step 3: Identify incorrect statement.
Therefore, statement (E) is not correct.