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.

Rushil Decor Limited submitted its Business Responsibility and Sustainability Report (BRSR) for FY26 to the National Stock Exchange of India Ltd and BSE Limited on August 31, 2026. The report outlines the company’s environmental, social, and governance disclosures for the financial year ending March 31, 2026.

The filing covers operational data across its manufacturing facilities in Gujarat, Andhra Pradesh, and Karnataka. Rushil Decor reported a turnover of ₹856.13 crore and a net worth of ₹637.14 crore for the period. The company confirmed that Corporate Social Responsibility (CSR) provisions under Section 135 of the Companies Act, 2013 are applicable.

Operational and Environmental Metrics

Rushil Decor operates six plants and nine offices across India. Its product portfolio consists primarily of Medium Density Fibre Boards (MDF), which accounted for 74% of turnover, and Decorative Laminate Sheets, contributing 25%. Exports represented 22% of total turnover, reaching 39 countries.

Energy intensity rose to 16.29 GJ per lakh rupees of turnover from 11.69 in the prior year, despite a reduction in total water withdrawal by nearly 57% to 1,29,015 kilolitres. The company maintains a Zero Liquid Discharge (ZLD) framework across all facilities, resulting in zero water discharge.

What the Numbers Show

A divergence exists between rising energy intensity and declining total waste generation. While energy consumption per unit of revenue increased significantly, total waste generated fell to 71,755.22 metric tonnes from 73,837.68 metric tonnes in FY25. This suggests that while production efficiency regarding material usage improved slightly, the energy required per rupee of sales became more intensive during the period.

Employee Welfare and Safety

The company employed 942 permanent employees and 1,206 workers as of the end of FY26. Female representation among permanent employees stood at 3.20%, while 16.67% of the Board of Directors were women. The turnover rate for permanent employees decreased to 27% in FY26 from 32% in FY25.

Safety performance improved with zero lost-time injuries per million person-hours worked for both employees and workers in FY26, compared to 0.133 and 0.16 respectively in FY25. No fatalities or high-consequence injuries were recorded.

Governance and Compliance

Rushil Decor paid a penalty of ₹40,000 to the NSE for a two-day delay in allotting equity shares upon conversion of warrants. The company received 60 customer complaints in FY26, a decline from 91 in FY25, with all resolved by year-end. One shareholder complaint remained pending resolution.