Century Plyboards

Century Plyboards (India) Ltd. shareholders approved the re-appointment of four directors at their Annual General Meeting held on September 18, 2025. Ajay Baldawa and Nikita Bansal were re-appointed as Directors after retiring by rotation. Sajjan Bhajanka was re-appointed as Chairman and Managing Director for five years effective April 1, 2026, while Keshav Bhajanka was re-appointed as Executive Director for five years effective January 28, 2026. The company confirmed that none of the re-appointed directors are debarred from holding directorial positions by SEBI or any other authority.

Century Plyboards (India) Ltd has communicated tax deduction at source (TDS) provisions to shareholders regarding a recommended dividend of Re. 1 per equity share for the financial year ended March 31, 2025. The Board of Directors recommended this dividend at their meeting held on May 29, 2025, subject to shareholder approval at the 44th Annual General Meeting scheduled for September 18, 2025. The company has outlined detailed TDS rates and exemption procedures for different categories of shareholders. For resident individual members, no TDS applies if aggregate dividend doesn't exceed Rs. 10,000. If it exceeds Rs. 10,000, TDS rates vary from 10% for members with valid PAN to 20% for those without PAN or with invalid PAN. Various exemptions are available through forms 15G/15H and other declarations. For non-resident members, TDS is 20% plus applicable surcharge and cess, with potential relief under Double Tax Avoidance Agreements. The record date is September 11, 2025, and share transfer books will remain closed from September 12-18, 2025. Shareholders must submit required documents by September 11, 2025, to claim applicable exemptions or lower deduction rates.

Century Plyboards expects mid-teens topline growth in FY26 driven by capacity expansion across product segments. Executive Director Keshav Bhajanka outlined specific growth targets: 10% for plywood, 20% for laminates, 20% for MDF, and 40% for particle wood based on new capacity additions. The company anticipates value growth to exceed volume growth due to inflation-driven price increases in plywood and laminates. BIS mandatory quality control norms implemented in August are expected to benefit organized players like Century Plyboards. Despite MDF oversupply limiting price hikes, the company improved margins through operational efficiencies and raw material optimization, achieving close to 5% savings. For the quarter ended June 30, consolidated net profit rose 55% year-on-year to Rs 52.93 crore, while revenue increased 16.3% to Rs 1,169.36 crore. Century Plyboards shares closed 4.88% higher at Rs 764 on Monday.