Shangar Decor Limited , a company specializing in event management and decorations, has released its unaudited financial results for the second quarter and half-year ended September 30, 2025. The company also announced the appointment of a new internal auditor.

Financial Performance

For the quarter ended September 30, 2025, Shangar Decor Limited reported:

For the half-year ended September 30, 2025:

The company's revenue from operations for the quarter decreased by 22% compared to the same quarter last year. The net profit for the quarter saw a significant decline of 79.02% year-over-year.

For the half-year period, revenue from operations marginally decreased by 3.37%, while net profit declined by 67.26% compared to the corresponding period in the previous year.

Operational Highlights

• The company's total expenses for Q2 FY2026 stood at Rs 220.28 lakhs, compared to Rs 239.99 lakhs in Q2 FY2025.
• Employee benefits expenses for the quarter were Rs 9.87 lakhs, up from Rs 7.71 lakhs in the same quarter last year.
• Depreciation and amortization expenses increased to Rs 64.97 lakhs from Rs 37.72 lakhs year-over-year.

Appointment of Internal Auditor

The Board of Directors has approved the appointment of M/s. Kishan Patel and Associates as the Internal Auditor of the company. The appointment is for a period of five financial years, from FY 2025-26 to FY 2029-30. Kishan Patel and Associates is a chartered accountancy firm based in Mahesana, established in 2019, specializing in statutory audits, tax planning, internal audits, and project funding.

Auditor's Note

The limited review report by S K Bhavsar & Co., Chartered Accountants, highlighted that the balances for trade receivables, trade payables, and all loans and advances are pending comprehensive verification. The auditors also noted that reliable value documentation for investments was not presented, and they have relied on management representations in this regard.

Shangar Decor Limited continues to operate primarily in the "Event Management" segment. The company's board of directors approved these results at their meeting held on November 11, 2025.

Investors and stakeholders should note that these financial results are unaudited and subject to limited review by the company's statutory auditors.

Shangar Decor , a company specializing in wedding decor, theme decor, exhibitions, and religious & corporate events, has announced significant board changes and set the date for its 30th Annual General Meeting (AGM). The decisions were made during a board meeting held on September 3, 2025, and subsequently disclosed to the Bombay Stock Exchange.

Key Board Appointments and Changes

The company's board approved several important appointments and changes:

1. Mrs. Jalpa Moulin Shah has been appointed as an Additional Non-Executive Non-Independent Director, subject to shareholder approval at the AGM. Mrs. Shah, a Commerce Graduate from the University of Mumbai, brings experience in Human Resources and Administration to the board.

2. Mr. Marlin Samir Shah has been redesignated from a Non-Executive role to Executive and Chief Financial Officer (CFO), effective September 3, 2025.

3. Mr. Samirbhai Rasiklal Shah, the Managing Director, has been appointed as the Chairman of the company.

4. The board has reconstituted various committees of directors to reflect these changes.

30th Annual General Meeting Details

Shangar Decor has scheduled its 30th AGM for September 30, 2025, at 11:30 AM. The meeting will be held via video conferencing (VC) or other audio-visual means (OAVM). Key details include:

• Cut-off date for voting eligibility: September 23, 2025
• Appointment of Mr. Anuj Bharatbhai Udani, Practicing Company Secretary, as the scrutinizer for the AGM

Other Significant Approvals

The board has also approved several other important matters, pending shareholder approval at the AGM:

1. Increased limits for managerial remuneration payable to directors
2. Enhanced borrowing limits under Section 186 of the Companies Act, 2013
3. Approval for loan/guarantee provisions under Section 185 of the Companies Act, 2013
4. Appointment of M/s A B Udani & Associates as Secretarial Auditors for five consecutive years, from the 30th to 35th AGM

Financial Reporting

The board has approved the Director's Report and its annexures for the financial year ended March 31, 2025. This report will be presented to shareholders at the upcoming AGM.

Shangar Decor continues to operate in the decorative and event management sector, with its registered office located in Ahmedabad. The company's focus on corporate governance and transparency is evident in these comprehensive disclosures and board-level changes.

Investors and stakeholders are advised to review the full AGM notice and related documents for complete details on the proposed resolutions and changes.