Decorous Investment & Trading Co Ltd has announced the convening of its 43rd Annual General Meeting (AGM) on Thursday, August 20, 2026, at 11:00 AM at its registered office located at R-489, GF-B, New Rajinder Nagar, New Delhi-110060. The notice, dated July 20, 2026, was issued jointly by Director Amit Gupta (DIN: 00074483) and Additional WTD cum CFO Varsha Jain (DIN: 11704482).

Key Agenda Items

The AGM will address both ordinary and special business. The ordinary business includes adoption of the audited Balance Sheet, Statement of Profit and Loss, and Cash Flow Statements for the year ended March 31, 2026, along with the reports of the Auditors and Directors. Additionally, the re-appointment of directors retiring by rotation and the formal appointment of statutory auditors are on the agenda.

Statutory Auditor Appointment

The company proposes to appoint M/s S M G A & Co., Chartered Accountants (FRN: 014671C), as Statutory Auditors for a term of five consecutive years, commencing from the conclusion of the 43rd AGM until the conclusion of the 48th AGM to be held in 2031. The firm had previously been appointed in an interim capacity following the completion of the term of M/s G. K. Kedia & Co. at the 43rd AGM held on September 29, 2025, and was regularized by members at an Extra-ordinary General Meeting (EoGM) held on November 12, 2025. The Audit Committee has evaluated the firm's performance, independence, and eligibility, and has confirmed that M/s S M G A & Co. holds a valid Peer Review Certificate issued by the Peer Review Board of the Institute of Chartered Accountants of India (ICAI).

Appointment of Ms. Varsha Jain as WTD cum CFO

The AGM will also consider the appointment of Ms. Varsha Jain as Additional Executive Director in whole-time capacity (WTD cum CFO) with effect from May 29, 2026, for a period of five years. This appointment follows Mr. Ashok Kumar's inability to continue in an executive capacity due to health reasons. The Nomination and Remuneration Committee (NRC) recommended Ms. Jain's appointment based on her qualifications and experience.

Ms. Varsha Jain is a qualified Company Secretary and an Associate Member of the Institute of Company Secretaries of India (ICSI), admitted on May 5, 2021, with membership number ACS-63340. She holds a Bachelor of Commerce from Delhi University and has over 5 years of experience in Corporate Laws and Corporate Governance.

Director Profiles Seeking Appointment or Re-appointment

Three directors are seeking appointment or re-appointment at the 43rd AGM. The following table summarises their key details:

E-Voting and Book Closure Details

The company has announced a book closure period from August 14, 2026 to August 23, 2026 (both days inclusive). Remote e-voting will be facilitated by National Securities Depositories Limited (NSDL) under Electronic Voting Event Number (EVEN) 139670.

Members are advised that the AGM notice and Annual Report for financial year 2025-26 will be available on the company's website at www.ditco.in and on the BSE Limited website at www.bseindia.com . For any queries related to e-voting, members may contact NSDL at the toll-free number 18001020990 or write to evoting@nsdl.co.in .

Decorous Investment & Trading Co reported a net profit of ₹10.51 lakh for the financial year ended March 31, 2026, marking a substantial increase from the ₹5.98 lakh recorded in the prior year. The company’s total income rose to ₹59.89 lakh from ₹55.88 lakh, driven by an expansion in revenue from operations to ₹37.09 lakh against ₹33.85 lakh previously. This financial performance coincides with significant leadership changes, including the appointment of Ms. Varsha Jain as Whole Time Director cum Chief Financial Officer (WTD cum CFO) effective May 29, 2026, following the resignation of Mr. Ashok Kumar due to health reasons.

The Board of Directors recommended the re-appointment of M/s SMGA & Co., Chartered Accountants, as statutory auditors for a five-year term commencing from the conclusion of the 43rd Annual General Meeting (AGM) on August 20, 2026. The AGM agenda also includes the re-appointment of Mr. Amit Gupta and Mr. Ashok Kumar as directors by rotation. Shareholders are provided with remote e-voting facilities via NSDL, with voting rights reckoned as of July 27, 2026.

Financial Performance

The company’s financial results reflect improved profitability despite a slight decline in gross margins within its core trading segments. Revenue from operations increased to ₹37.09 lakh, primarily aided by ₹7.00 lakh in consultancy income, a new revenue stream not present in the prior year. Other income remained robust at ₹22.79 lakh, largely comprising interest on loans.

Total expenditure decreased to ₹45.27 lakh from ₹47.78 lakh, contributing to the expansion in net profit. The surplus of ₹10.51 lakh was transferred to the Reserves & Surplus account. No dividend was declared for the year.

Leadership and Governance Changes

Ms. Varsha Jain, an Associate Company Secretary with over five years of experience in corporate laws, has been appointed as Additional Executive Director cum WTD and CFO for a five-year term. Her monthly remuneration is fixed at ₹25,000. This appointment follows the resignation of Mr. Ashok Kumar, who stepped down from his executive role effective May 29, 2026, though he continues to serve as a non-executive director.

The company also addressed past regulatory compliance issues. BSE Limited accepted the company’s waiver application on February 23, 2026, waiving off accumulated fines totaling ₹42.42 lakh related to previous non-compliances under SEBI LODR regulations. Additionally, the company is pursuing voluntary delisting from the Calcutta Stock Exchange, while maintaining its listing on the Bombay Stock Exchange.

What the Numbers Show

A critical observation from the financial statements is the heavy reliance on non-operating income. While revenue from operations grew by nearly 10%, other income—dominated by interest on loans at ₹22.29 lakh—constituted approximately 37% of total income. This indicates that the company’s profitability is significantly buoyed by its lending activities rather than its core consultancy or jewelry trading operations. Furthermore, the auditor highlighted irregularities in interest receipts from certain loan borrowers, with outstanding balances flagged for parties such as M/s SSPN Finance Limited and M/s Maa Pahari Mercantiles Pvt. Ltd., signaling potential credit risk management challenges.