- Business
- Deco Mica Limited (DECOMIC.BO) manufactures and sells high-pressure laminated sheets, decorative surfaces, cut pieces, and industrial insulator boards in India and internationally; its core products include decorative laminates, compact laminates, exterior laminates, multi-color core laminates, metal laminates, chalkboard and marker board laminates, Becker and balancing laminates, lab-grade and chemical-resistant laminates, and fire-retardant laminates offered in various sizes from 0.6mm to 25mm thickness with finishes such as glossy, matt, suede, wood grain, stone, ash, veneer, saw cut, marble, fabric, and over 100 fancy options. Founded in 1988 and headquartered in Ahmedabad, Gujarat with a manufacturing facility in Rajpur, Mehsana, the company operates primarily in the plastics and laminates industry, supplying leading laminate manufacturers in India while exporting to countries including Saudi Arabia, the United States, Nepal, Bangladesh, and Qatar. In 2024, Deco Mica revised its annual report for FY 2023-24, approved related party transactions for FY 2024-25 exceeding Rs. 4,000 lakhs involving sales, purchases, and leasing with entities such as Salasar Laminates Ltd., Heritage Board Limited, Hidesign Innovation, and family members, re-appointed Vijay Kumar Dindayal Agarwal as Managing Director for five years at up to Rs. 100 lakhs annually despite being over 70, changed designations of Vishal Vijaybhai Agarwal to Executive Promoter Non-Independent Director and Vikas Vijaybhai Agarwal to Non-Executive Non-Independent Director, and approved increased remuneration up to Rs. 500,000 monthly for Shraddha V. Agarwal, Head of Design and Digital Strategy, a related party.