Submission of Annual Report for the financial year 2024-25
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Yug Decor has submitted its Annual Report for FY 2024-25 and called its 22nd AGM on Saturday, September 20, 2025 at 12:00 PM in Ahmedabad. Total revenue grew about 18% to Rs. 33.21 crore (from Rs. 28.10 crore in FY 2023-24), but profit after tax collapsed nearly 95% to just Rs. 67.73 lakh (from Rs. 12.99 crore) because expenses, finance costs (which tripled to Rs. 92.50 lakh), and depreciation all rose sharply. The Board has skipped dividend for the year. During FY24-25, the company also made a rights issue of 35.96 lakh equity shares at Rs. 10, raising paid-up capital to Rs. 10.79 crore. Key AGM resolutions include re-appointment of Whole-Time Director Ms. Ankita Saraswat (daughter of CMD Chandresh Saraswat), appointment of M/s Riddhi Khaneja & Associates as Secretarial Auditor for five years (FY 2025-26 to 2029-30) at Rs. 50,000 per annum, and an increase in authorized share capital from Rs. 16 crore to Rs. 17 crore to support the company's new plywood and board manufacturing business.
Shareholders should note the steep drop in profits and absence of dividend despite revenue growth, which signals margin pressure and higher debt/finance costs. The proposed increase in authorized capital and entry into plywood manufacturing suggest the company is preparing for further fund-raising and business diversification, which could be dilutive but is aimed at future growth.