Rushil Decor sets AGM for Sep 28; proposes ₹0.05 dividend
- Rushil Decor proposes a final dividend of ₹0.05 per share for FY26
- Parikh & Majmudar appointed as new statutory auditors for five years
- Outgoing auditors declined reappointment after completing their term
- Managing Director Rushil Thakkar up for reappointment for three years
- AGM scheduled for September 28, 2026, via video conferencing
*this image is generated using AI for illustrative purposes only.
Rushil Decor has scheduled its 32nd Annual General Meeting for September 28, 2026, at 10:30 am via video conferencing. The meeting will address the adoption of financial statements for FY26 and key governance resolutions.
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.
Historical Stock Returns for Rushil Decor
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.85% | -3.46% | -10.43% | -7.05% | -36.20% | 0.0% |
How might the reappointment of Parikh & Majmudar, who previously served until 2021, influence the audit rigor and financial reporting standards compared to the outgoing firm?
Given the modest final dividend of ₹0.05 per share, what are the company's projected capital allocation strategies for FY27 regarding debt reduction versus expansion?
Will the fixed remuneration structure for Mr. Rushil Thakkar remain static over his three-year term, or are there performance-linked incentives tied to specific operational targets?
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