OUTCOME OF 42 AGM - 29.09.2025
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The 42nd AGM of Decorous Investment & Trading Co Ltd was held on 29 September 2025 via video conferencing, and all seven resolutions were approved. Shareholders adopted the audited financial statements for FY 2024-25 (year ended 31 March 2025) and re-appointed Mr. Amit Gupta (DIN: 00074483) as a Non-Independent Director. M/s G.K. Kedia & Co were re-appointed as Statutory Auditors, and shareholders approved giving loans, guarantees, or making investments beyond prescribed limits under Section 186 of the Companies Act, 2013. Mr. Ashok Kumar (DIN: 11252233) was appointed as Executive Director, Whole Time Director, and CFO for a 5-year term starting 1 October 2025, while M/s B. Bhushan & Co were appointed as Secretarial Auditors for 5 years. Mr. Raj Kumar Gupta (DIN: 00074532) resigned from all directorial and board positions effective end of 29 September 2025, and the company recorded a vote of thanks for his service.
Routine AGM outcome with a notable leadership change — Raj Kumar Gupta's exit and Ashok Kumar's elevation to WTD/CFO suggest a generational leadership transition at this small NBFC. Approval under Section 186 gives the company wider flexibility to deploy capital into loans or investments, which could benefit growth but also raises exposure risk for shareholders.