Rushil Decor shareholders approved the re-appointment of Rushil K. Thakkar as Managing Director for a term of three years, effective August 13, 2026, through August 12, 2029. The approval was granted at the company's 32nd Annual General Meeting held on September 28, 2026.

The meeting, conducted via video conferencing, also adopted the audited standalone and consolidated financial statements for FY26 and proposed a final dividend of ₹0.05 per equity share for the fiscal year ended March 31, 2026. A total of 56 members attended the session, which commenced at 10:30 am and concluded at 11:13 am.

Managing Director re-appointment details

The Board had previously intimated on August 8, 2026, that Mr. Rushil K. Thakkar (DIN: 06432117) would be re-appointed subject to shareholder approval. This condition has now been met.

Mr. Thakkar is a member of the Promoter Group and the son of Chairman and Whole Time Director Krupesh G. Thakkar. He has been associated with the company for 13 years, contributing to key projects such as the Andhra Pradesh-based Thin & Thick MDF project and the Gujarat-based Jumbo Laminate Sheet manufacturing project. His expertise spans quality control, plant machinery functioning, and budgeting within the Laminate Sheet, MDF Board, and Laminated Flooring segments.

Board attendance and governance

Key managerial personnel and directors participated in the virtual meeting to address shareholder queries and present business performance updates. Statutory registers were available for electronic inspection during the proceedings.

Resolutions passed

Shareholders considered six items of ordinary and special business. The agenda included the appointment of new statutory auditors and the re-appointment of key leadership figures.

• Adoption of audited standalone and consolidated financial statements for FY26.
• Declaration of a final dividend of ₹0.05 per equity share of face value ₹1 each.
• Appointment of Mr. Rushil K. Thakkar as Managing Director for a three-year term effective August 13, 2026.
• Appointment of M/s. Parikh & Majmudar, Chartered Accountants, Ahmedabad as Statutory Auditors.

Auditor and secretarial compliance

The Company Secretary confirmed that there were no qualifications, observations, or adverse remarks in the reports issued by the Statutory Auditors (M/s. Pankaj R. Shah & Associates) or the Secretarial Auditors (M/s. SPANJ & Associates). These clean audit opinions indicate no material irregularities affecting the company's functioning during the reporting period.

Mr. Ashish C. Doshi of SPANJ & Associates served as the scrutinizer for remote e-voting and e-voting during the AGM. The detailed voting results for all resolutions will be announced separately upon receipt of the scrutinizer's report.

Rushil Decor has scheduled its 32nd Annual General Meeting for September 28, 2026, at 10:30 am via video conferencing. The company also shared the web-link to its FY26 annual report on August 31, 2026.

The meeting will address the adoption of financial statements for FY26 and key governance resolutions. Shareholders who have not registered email addresses with depositories can access the annual report and AGM notice via the link provided in the intimation sent to the National Stock Exchange of India Ltd and BSE Limited.

The Board proposes a final dividend of ₹0.05 per equity share of face value ₹1 each for the financial year ended March 31, 2026. Shareholders on record as of September 8, 2026, will be eligible for the payout, subject to approval at the AGM. The cut-off date for remote e-voting is September 21, 2026.

Auditor Rotation

The company seeks shareholder approval to appoint M/s. Parikh & Majmudar, Chartered Accountants, as Statutory Auditors for a five-year term ending in 2031. This follows the decision by the incumbent auditors, M/s. Pankaj R. Shah & Associates, to decline reappointment for a second term after completing their initial five-year tenure.

Parikh & Majmudar had previously served as statutory auditors until the conclusion of the 27th AGM in 2021. The cooling-off period mandated under the Companies Act, 2013, has now lapsed, making them eligible for reappointment. The Audit Committee recommended the change based on the firm’s qualifications and independence.

Management Reappointment

Shareholders will also vote on the reappointment of Mr. Rushil Krupesh Thakkar as Managing Director for a three-year period from August 13, 2026, to August 12, 2029.

The proposed aggregate remuneration for Mr. Thakkar is ₹15,00,000 per month, with a ceiling of ₹25,00,000 per month including salary and perquisites. This structure excludes leave benefits, provident fund contributions, and other non-taxable allowances. The Nomination and Remuneration Committee approved the terms, citing his 13 years of experience in the laminate and MDF board industries.

Voting Details

Remote e-voting will be open from September 24, 2026, at 9:00 am until September 27, 2026, at 5:00 pm. Institutional shareholders must submit scanned copies of board resolutions or authority letters to the scrutinizer via email. Physical attendance is dispensed with in compliance with Ministry of Corporate Affairs circulars.