Intimation of Vacation of Office of Directors under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015
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Deco Mica Ltd has announced that Mr. Gunjan Yogesh Pandya and Ms. Nupur Bipinchandra Modi have vacated their positions as Directors effective 29th May 2026. The vacation of office occurred pursuant to Section 167(1)(b) of the Companies Act, 2013, due to their absence from all Board meetings held during a twelve-month period without obtaining leave of absence. This was noted at the Board meeting held on the same date. The Managing Director and CEO, Mr. Vijaykumar Agarwal, signed the intimation to BSE.
Two directors leaving due to extended non-attendance signals potential governance or operational issues. With two board positions now vacant, shareholders should monitor whether the company appoints new directors to maintain board strength and comply with listing requirements.