Revised Annual Report for the financial year 2024-25
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Yug Decor Ltd has filed a revised Annual Report and AGM Notice for FY 2024-25, correcting a printing error where the original Notice wrongly mentioned 'Consolidated Financial Statements' in Resolution No. 1; only Standalone Financial Statements are applicable for the company. The 22nd AGM is scheduled for Saturday, 20th September 2025 at 12:00 noon at the registered office in Ahmedabad, with e-voting from 17–19 September 2025 and a cut-off date of 12 September 2025. Four items are up for shareholder approval: (1) adoption of audited standalone financial statements for FY25, (2) reappointment of Whole-Time Director Ms. Ankita Saraswat (who retires by rotation), (3) appointment of M/s Riddhi Khaneja & Associates as Secretarial Auditor for 5 years (FY26–FY30) at Rs. 50,000 p.a., and (4) increase in Authorized Share Capital from Rs. 16 crore to Rs. 17 crore (1.6 crore to 1.7 crore equity shares of Rs. 10 each) to support plywood business expansion. Key FY25 financials: Total Revenue rose to Rs. 33.21 crore from Rs. 28.10 crore (~18% growth), but Profit After Tax fell sharply to Rs. 6.77 lakh from Rs. 1.30 crore (a ~95% drop), dragged by higher finance costs (Rs. 92.5 lakh vs Rs. 32.5 lakh) and depreciation. No dividend has been recommended.
The revision is largely procedural and does not change the substance of the AGM agenda. However, shareholders should note the steep fall in profits despite revenue growth, the absence of any dividend, and the proposed capital expansion tied to the company's new plywood and board manufacturing venture, which could lead to future dilution if the expanded authorized capital is utilized. Voting decisions on the auditor appointment and capital increase will shape the company's governance and growth direction.