What’s new

• Two Deco-Mica directors were removed on May 29, 2026, for missing 12 consecutive months of board meetings.
• The exit is mandatory under Section 167(1)(b) of the Companies Act, triggered by total absence.
• Neither director had sought leave of absence before the board formalised their removal.

Why it matters

Forced director exits are rare; two at once for the same reason signals a deeper governance problem. In a nano-cap with a ₹26 cr market cap, the board is the primary check on management. Losing two-thirds of its oversight in one stroke is a material event.

What we’re watching

• Whether Deco-Mica discloses the reason behind the prolonged absences.
• If the board appoints replacements or continues with a reduced headcount.
• Any further governance disclosures in upcoming filings.

The full read

Deco-Mica lost two board members on May 29: Gunjan Yogesh Pandya and Nupur Bipinchandra Modi. The reason is simple. Both missed every single board meeting for 12 consecutive months, triggering a mandatory exit under the Companies Act. Neither asked for leave. For a ₹26 crore market-cap company, this is a significant governance event. The board is the primary check on management in such a small firm, and losing two directors in one stroke for negligence leaves it thinner. The filing gives no reason for the absences. The open question is why two directors would disengage so completely from a company small enough that every board seat matters.

Primary source: BSE · NSE