Shangar Decor Ltd

Financial snapshot

• Revenue from operations: 527.80 lakhs; Total income: 528.08 lakhs for quarter ended 30 Jun 2026.
• Net profit for the period: 69.31 lakhs; Profit before tax: 92.72 lakhs.
• Earnings per share: Basic 0.01; Diluted 0.01 for quarter ended 30 Jun 2026.
• Board approved unaudited results; Limited Review Report issued by SK Bhavsar & Co.
• No reportable segments; company operates in a single Event Management segment.

Notes & audit

• Emphasis of Matter: trade receivables, payables, and loans pending verification.
• Closing stock and investments not verified; reliance on management representations.
• Statutory auditors conduct: Limited review, not an audit.
• Standalone unaudited results for quarter ended 30 June 2026.

Awards received

• Shangar Decor received four awards at the Event Management Federation Global function in Kathmandu, Aug 1, 2026.
• Gold Award for Best Flower Decor of the Year.
• Silver Award for Best Wedding Destination (India).
• Silver Award for Best Production House of the Year.
• Bronze Award for Best Production House of the Year.

Meeting Details

• Board meeting scheduled for 14 August 2026 at the registered office; time not disclosed.

Key Agenda Items

• To consider and approve unaudited standalone financial results for the quarter ended 30 June 2026.
• Any other items with the permission of the chairperson.

Other Notes

• Trading window closed for Designated Persons and relatives from 01 July 2026 until 48 hours after results.

Resolutions and outcome

• Special: appoint Darshil Shah (DIN 09013533) as Independent Director; no equity terms; promoter interest: none; outcome: approved.
• Special: appoint Konark Patel (DIN 10832659) as Independent Director; no equity terms; promoter interest: none; outcome: approved.

Governance impact

• Two independent directors appointed; no change to promoter holdings.
• Board composition updated; no material change to control.

Meeting/voting context

• EGM held on 30 June 2026; approvals.

Resolution 1: Darshil Shah

• Type: ordinary; Nature: appointment of independent director (non-exec) Darshil Shah (DIN 09013533).
• Voting: approved; 99.13% assent, 0.87% dissent.

Resolution 2: Konark Patel

• Type: ordinary; Nature: appointment of independent director (non-exec) Konark Patel (DIN 10832659).
• Voting: approved; 99.67% assent, 0.33% dissent.

Resolutions proposed

• Special resolution to appoint Darshil Hemendrakumar Shah (DIN 09013533) as Independent Director.
• Special resolution to appoint Konark Patel (DIN 10832659) as Independent Director.

Voting status

• Voting results pending; e-voting open; results to be announced later.

Governance impact

• If approved, two independent directors would join the board.

EGM purpose

• Board approved convening an EGM on 30 June 2026.
• Notice for the EGM was approved.

Meeting administration

• Mr. Anuj Bharatbhai Udani was appointed scrutinizer.
• 23 June 2026 was fixed as the cut-off date for voting eligibility.

Appointment of Directors

• Mr Darshil Hemendrakumar Shah appointed as Additional Non-Executive Independent Director from 03.04.2026 for 5 years
• Mr Konark Patel appointed as Additional Non-Executive Independent Director from 03.04.2026 for 5 years
• Shareholder approval for appointments to be obtained within 3 months
• Darshil Shah is a fellow member of Institute of Company Secretaries of India with 10+ years legal and corporate secretarial experience
• Konark Patel is a practising Company Secretary specializing in corporate compliance and project finance
• Neither appointee is related to any existing directors of the company
• Both appointees are not debarred from holding director office by SEBI or other authorities