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.

Yug Decor has scheduled its 23rd Annual General Meeting (AGM) for September 26, 2026. The company published the formal notice in newspapers on September 6, 2026, confirming the date and providing specific timelines for e-voting and book closure alongside its Annual Report for FY26.

The meeting will be held at 12:00 noon at the company’s registered office in Ahmedabad. Shareholders holding shares as of the cut-off date of September 19, 2026, are eligible to vote. The company has enabled remote e-voting through Central Depository Services (India) Limited (CDSL).

E-Voting and Book Closure

Remote e-voting will commence on Wednesday, September 23, 2026, at 9:00 am and conclude on Friday, September 25, 2026, at 5:00 pm. Shareholders who do not cast their votes during this period can vote electronically during the physical meeting. Votes cast via the e-voting facility are final and cannot be changed subsequently.

The Register of Members, Share Transfer Books, and Register of Beneficial Owners will remain closed from Sunday, September 20, 2026, to Saturday, September 26, 2026, inclusive.

FY26 Financial Performance

The AGM agenda includes the adoption of audited financial statements for the fiscal year ended March 31, 2026. Yug Decor reported a total revenue of ₹392.3 crore (₹3,92,272.21 lakh), an increase from ₹332.1 crore in FY25. Net profit after tax rose to ₹7.65 crore (₹764.90 lakh) compared to ₹6.77 crore in the previous year.

Operating profit before interest, depreciation, and taxes (PBIT) stood at ₹24.97 crore, up from ₹18.33 crore in FY25. However, finance costs increased significantly to ₹14.61 crore from ₹9.25 crore, reflecting higher borrowing levels despite a rights issue that raised paid-up capital to ₹161.8 crore.

Director Appointments

The board previously reappointed Mr. Chandresh S. Saraswat as Managing Director and Ms. Ankita Saraswat as Whole-Time Director for five-year terms effective February 7, 2027. These appointments require shareholder approval at the upcoming AGM.

Mr. Sunil Thakore was appointed as an Additional Director in the Independent Director category on August 27, 2026. He holds this position until the AGM, after which shareholders may appoint him as an Independent Director for a five-year term. Additionally, Mr. Santosh Kumar Saraswat retires by rotation and offers himself for reappointment as Non-Executive Director.

Governance and Compliance

The company affirmed that none of the appointed or reappointed directors are debarred from holding office by SEBI or any other authority. Details regarding these appointments were disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Chandresh S. Saraswat brings over 40 years of experience in marketing within the timber, plywood, and FMCG sectors. Ms. Ankita Saraswat has managed marketing, human resources, and brand activities since 2012. Mr. Sunil Thakore has over three decades of experience in project management and the laminates/plywood industry.