Yug Decor Limited passed all five resolutions set out in the notice for its 23rd Annual General Meeting (AGM), held on September 26, 2026. The meeting, chaired by Chandresh S. Saraswat, concluded with unanimous support for the adoption of financial statements and director reappointments.

The AGM was conducted via remote e-voting through Central Depository Services (India) Limited (CDSL) and venue e-voting. A total of 13 shareholders attended in person or by proxy, while 29 members participated through remote e-voting. The quorum requirements under Section 103 of the Companies Act, 2013 were met throughout the proceedings. The scrutinizer’s report, submitted by Mukesh Pamnani & Associates, confirmed that votes were unblocked in the presence of two witnesses not employed by the company.

Key Resolutions Passed

The following resolutions were approved with the requisite majority:

1. Adoption of audited standalone financial statements for FY26.
2. Reappointment of Santosh Kumar Saraswat as Non-Executive Director.
3. Reappointment of Chandresh S. Saraswat as Managing Director.
4. Reappointment of Ankita Saraswat as Whole-Time Director.
5. Appointment of Sunil Thakore as Independent Non-Executive Director.

The cessation of Rajesh Shah as Independent Director, effective September 9, 2026, was also taken on record by the members.

Voting Results Overview

The voting data indicates strong promoter support and zero opposition across all agenda items. The table below summarizes the voting outcome for each resolution based on the Scrutinizer's report.

What the Numbers Show

A distinct pattern emerges when comparing the voting turnout for ordinary versus special resolutions. For ordinary resolutions (Items 1, 2, and 5), votes polled stood at 11,990,155, representing approximately 74.09% of total outstanding shares. However, for the special resolution regarding the reappointment of Managing Director Chandresh S. Saraswat (Item 3), votes polled dropped to 7,036,272, or roughly 43% of outstanding shares.

This divergence is explained by the exclusion of interested parties from voting. The promoter group, holding 9,940,572 shares, was likely deemed interested in the remuneration resolution for the MD, leading to a significant reduction in eligible voters for that specific item compared to non-related party resolutions. Despite this lower base, the resolution passed with 100% of the valid votes cast in favour. Notably, for the reappointment of Whole-Time Director Ankita Saraswat (Item 4), votes polled were higher at 11,352,767 (70.15%), suggesting a different calculation of interested parties or exclusion criteria applied to that specific remuneration package.

Yug Decor announced that Mr. Rajesh Shah ceased to serve as an Independent Director on September 9, 2026, upon completing his first five-year term.

The departure follows the mandatory rotation of independent directors under SEBI listing regulations. The Board expressed gratitude for his contributions during his tenure.

Regulatory Compliance

The intimation was issued pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It also aligns with Schedule III of the same regulations and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Mr. Shah’s cessation took effect from the close of business hours on September 9, 2026. His Director Identification Number (DIN) is 09254647.

Board Acknowledgement

The Board of Directors and management acknowledged Mr. Shah’s extensive stewardship. No replacement director was named in this filing. Further details are available on the company website.