Shangar Decor Limited Announces Major Board Changes and 30th AGM Schedule
Shangar Decor, a wedding and event decor company, has made significant board changes and set its 30th AGM for September 30, 2025. Key appointments include Mrs. Jalpa Moulin Shah as Additional Non-Executive Non-Independent Director, Mr. Marlin Samir Shah as Executive and CFO, and Mr. Samirbhai Rasiklal Shah as Chairman. The board approved increased managerial remuneration limits, enhanced borrowing limits, and appointed M/s A B Udani & Associates as Secretarial Auditors for five years. The AGM will be held via video conferencing, with September 23, 2025, as the voting eligibility cut-off date.
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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:
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.
Mr. Marlin Samir Shah has been redesignated from a Non-Executive role to Executive and Chief Financial Officer (CFO), effective September 3, 2025.
Mr. Samirbhai Rasiklal Shah, the Managing Director, has been appointed as the Chairman of the company.
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:
- Increased limits for managerial remuneration payable to directors
- Enhanced borrowing limits under Section 186 of the Companies Act, 2013
- Approval for loan/guarantee provisions under Section 185 of the Companies Act, 2013
- 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.
Historical Stock Returns for Shangar Decor
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.56% | -7.32% | -19.15% | -60.82% | -68.60% | -90.45% |
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