OUTCOME OF BOARD MEETING - AGM DETAILS
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Decorous Investment & Trading Co Ltd held a board meeting on 2 September 2025 where several key decisions were taken. The board approved the audited annual accounts for FY2024-25 and the 42nd Annual General Meeting is scheduled for 29 September 2025 via video conferencing, with book closure from 22 September to 3 October 2025 and no dividend declared. Mr. Ashok Kumar (DIN: 11252233) was appointed as Executive Non-Independent Director, to be further designated as Whole Time Director and CFO from 1 October 2025 for a 5-year term, subject to shareholder approval. The existing WTD & CFO, Mr. Raj Kumar Gupta, resigned from all positions effective 2 September 2025, to be relieved by 30 September 2025. The board also approved the delisting of equity shares from Calcutta Stock Exchange and re-constitution of various committees.
Key changes at the top: a new WTD & CFO (Mr. Ashok Kumar) is being appointed while the current WTD & CFO (Mr. Raj Kumar Gupta) has resigned, which means leadership transition. No dividend for shareholders, and the proposed delisting from Calcutta Stock Exchange simplifies the company's listing to BSE only. Shareholders should participate in the e-voting window (26-28 September 2025) to vote on these resolutions, including the new appointment and the Section 186 investment limit resolution.