deco mica reported a 64.5% decline in net profit to ₹69.15 crore for the financial year ended March 31, 2026, compared to ₹194.80 crore in the previous year. Revenue from operations fell 9.9% to ₹6,855.16 crore from ₹7,606.30 crore in FY25, primarily driven by the company's laminates sheets segment. The Board of Directors approved the standalone audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 29, 2026.

For the quarter ended March 31, 2026, the company recorded a profit of ₹4.14 crore, a significant decrease from ₹86.96 crore in the same period of the previous year. Revenue for the quarter stood at ₹2,020.96 crore, down from ₹2,219.82 crore in Q4FY25. Total expenses for the year decreased to ₹6,838.48 crore from ₹7,459.10 crore in the prior year.

Board and Governance Changes

The Board took note of the vacation of office of Mr. Gunjan Yogesh Pandya and Ms. Nupur Bipinchandra Modi as Directors, effective May 29, 2026. This action was taken pursuant to Section 167(1)(b) of the Companies Act, 2013, due to their absence from all Board meetings held during a period of twelve months without obtaining leave of absence.

Additionally, the Board appointed M/S Nimesh M. Shah & Co., Chartered Accountants, as the Internal Auditor for the financial year 2026-27. The firm brings approximately 25 years of experience in income tax, statutory audit, and NBFC compliance. The Board also approved limits for related party transactions for the upcoming financial year, subject to shareholder and regulatory approvals.

Financial Performance Overview

The following table summarizes the key financial metrics for Deco Mica Limited for the year ended March 31, 2026:

The statutory auditors, J. T. Shah & Co., issued an unmodified opinion on the standalone financial results. The company operates in a single operating segment, Laminates Sheets, and does not have any subsidiaries or associates. Cash and cash equivalents at the end of the year stood at ₹9.11 lakh, down from ₹10.54 lakh in the previous year.

Deco Mica Limited has announced that its board of directors will meet on Friday, May 29, 2026. The primary agenda for the meeting is to consider and approve the audited standalone financial results for the company for the quarter and year ended March 31, 2026. This decision is in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Agenda for the Board Meeting

The board will deliberate on several key matters during the session. The financial results for the specified period are the main focus, alongside other regulatory and administrative items. The meeting will also address the disclosure of interest received from directors under Section 184 and MBP-1.

Key Appointments and Resignations

In addition to financial results, the board will take note of the vacation of office of Mr. Gunjan Pandya and Ms. Nupur Modi, directors of the company, under Section 167 of the Companies Act, 2013. The directors will also consider and approve the appointment of M/S Nimesh M Shah & Co., Chartered Accountants, as the internal auditor for the fiscal year 2026-27.

Trading Window Closure

Pursuant to the company's code of conduct for the prevention of insider trading, the trading window has been closed for all directors, employees, key managerial personnel, and designated persons. This closure took effect from April 1, 2026, and will remain in place until 48 hours after the announcement of the unaudited standalone financial results for the quarter and year ended March 31, 2026.

Related Party Transactions

The board is also scheduled to consider and approve the limits for related party transactions. This approval will be in line with the applicable provisions of the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.