Archidply Decor has announced the resignation of its Chief Financial Officer, Raju Ram Prajapat, effective November 24, 2026. The resignation letter was dated October 5, 2026.

CFO departure details

The following details summarise the key information regarding the resignation:

The departure marks a senior-level change in the finance leadership of Archidply Decor. In his resignation letter, Prajapat confirmed that there are no material reasons for his departure other than those mentioned in the letter dated October 5, 2026.

Transition and governance

Prajapat stated that the decision was taken after careful consideration due to personal reasons. To ensure that his departure does not disrupt the company's financial governance, upcoming statutory closures, or ongoing corporate banking arrangements, he requested to be relieved from executive duties on the close of business hours on November 24, 2026.

During this transition period, Prajapat remains committed to leading the accounts and finance function to facilitate a seamless handover of compliances, corporate reporting cycles, and banking relationships to his designated successor. The company stated it will take necessary steps for the appointment of a new Chief Financial Officer in accordance with the Companies Act, 2013 and SEBI Listing Regulations.

Archidply Decor has scheduled its ninth Annual General Meeting for September 30, 2026, to adopt audited standalone financials for FY26. The company reported an 11% decline in total income to ₹4,778.73 lakh, with net profit slipping to ₹0.20 lakh. No dividend was declared.

The meeting will convene at the company’s registered office in Chintamani, Karnataka, at 12:30 pm. Shareholders will also vote on the reappointment of Mr. Rajiv Daga as a director. He retires by rotation and is eligible for reappointment under Section 152 of the Companies Act, 2013.

Financial Performance

Revenue from operations decreased to ₹4,633.23 lakh in FY26 from ₹5,248.15 lakh in FY25. Total income fell to ₹4,778.73 lakh from ₹5,372.04 lakh. Profit before tax stood at ₹14.82 lakh, compared to ₹11.93 lakh in the previous year. However, after accounting for an exceptional item of ₹15.97 lakh related to labour code impact, profit after tax was ₹0.20 lakh, down significantly from ₹5.65 lakh in FY25.

Meeting Logistics and Voting

The register of members and share transfer books will remain closed from September 23, 2026, to September 30, 2026. Remote e-voting will be available through Kfin Technologies Limited. The voting window opens on September 27, 2026, at 10:00 am and closes on September 29, 2026, at 5:00 pm. Only shareholders holding shares as on the record date of September 23, 2026, can cast their votes electronically.

Director Reappointment Details

Mr. Daga serves as the Managing Director and CEO of Archidply Industries Limited. His profile highlights expertise in general management, sales, and industrial engineering. He holds degrees in Industrial Engineering and Economics from Purdue University.

During FY25-26, Mr. Daga received sitting fees of ₹15,000 for attending board and committee meetings. He does not receive other remuneration from Archidply Decor. The disclosure notes he is the brother of Mr. Shyam Daga, the Managing Director of the company.

Shareholder Instructions

Corporate members must submit a certified copy of the board resolution authorizing their representative to attend. Physical copies of the annual report are being sent only to those who have not registered email addresses. The company encourages electronic communication to align with green initiative measures.