Deco Mica has notified the Bombay Stock Exchange that its Board of Directors will convene on Monday, August 17, 2026. The meeting is scheduled to address critical governance matters, including the approval of the notice for the company’s 38th Annual General Meeting (AGM) and the finalization of key shareholder engagement timelines.

The agenda, disclosed pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, outlines several substantive items for consideration. The Board is set to review and approve the Director's Report along with its annexures, the Corporate Governance Report, and the Management Discussion and Analysis Report. These documents provide stakeholders with a comprehensive overview of the company’s operational performance and strategic direction.

A significant portion of the meeting will be dedicated to compliance and shareholder approvals. The Board intends to approve related party transactions in accordance with Section 188 of the Companies Act, 2013, and relevant SEBI regulations. These transactions are subject to subsequent shareholder approval at the ensuing AGM. Additionally, the Board will appoint a scrutinizer to oversee the AGM process, ensuring procedural integrity.

Operational logistics for the upcoming AGM will also be finalized during this session. The Board plans to fix specific dates for the book closure period, the cut-off date for e-voting eligibility, and the duration of the e-voting window. These determinations are crucial for ensuring that eligible shareholders can exercise their voting rights effectively.

Key Agenda Items

The following matters are slated for discussion and approval at the meeting:

The intimation was issued by Vijaykumar Agarwal, Managing Director & CEO of Deco Mica Limited, bearing DIN 01869337. The notification was dated August 08, 2026, and addressed to the Department of Corporate Services at BSE Limited. This procedural step ensures transparency and allows investors to anticipate the upcoming corporate actions and reporting disclosures.

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.