30th Annual Report for the financial year 2024 25
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Shangar Decor Limited has filed its 30th Annual Report for FY 2024-25 along with the notice for its Annual General Meeting scheduled for 30th September 2025 at 11:30 AM via video conferencing. The AGM agenda includes adoption of financial statements, re-appointment of Director Saumil Shah (retiring by rotation), and re-appointment of statutory auditors S K Bhavsar & Co for another four-year term till FY 2029-30. The company is also seeking shareholder approval to appoint A B Udani & Associates as secretarial auditors for five years, raise the maximum managerial remuneration ceiling to Rs. 70 lakh per annum, and increase limits for loans, guarantees and investments under Sections 185 and 186 of the Companies Act to Rs. 300 crore each. A new director, Mrs. Jalpa Moulin Shah, is being regularized as a Non-Executive Non-Independent Director, and the company secretary changed during the year from Shubhangi Chourasia to Shagun Rathi.
The resolutions mainly seek routine governance approvals and expanded financial flexibility for loans/investments up to Rs. 300 crore, which could signal plans for future lending, acquisitions, or support to group entities. Shareholders should note the proposed increase in managerial remuneration and the inclusion of a related-party director (Jalpa Moulin Shah), which warrant closer scrutiny of related-party transactions.