Century Plyboards (India) Limited has accepted the resignation of Ratan Rajkhowa as Senior President and Head of Productivity & Administration, effective July 31, 2026. The departure marks the end of a nearly 33-year tenure for Rajkhowa, who cited personal reasons for leaving the organization to embrace a new phase of life. The company confirmed there are no other material reasons associated with the exit.

The disclosure was made pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. In a letter dated August 1, 2026, addressed to the BSE and National Stock Exchange of India Ltd., the company stated that Rajkhowa’s last working day was July 31, 2026. Sundeeep Jhunjhunwala, Company Secretary, signed the communication.

Rajkhowa, identified as a Senior Management Personnel (SMP), informed the board that he was moving on due to personal reasons. The filing explicitly noted that there is no other material reason for the resignation other than those mentioned. A copy of his resignation letter was enclosed with the regulatory submission.

In an internal email sent on July 30, 2026, Rajkhowa thanked colleagues and leadership for their support over his three-decade-plus career. He expressed gratitude to the Chairman for guidance and to colleagues for collaboration during challenging times. He described Century Plyboards as his "second home" and wished the organization continued growth and success.

Key Details of Resignation

The company also referenced SEBI Circular No SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, read with the SEBI Master Circular dated July 11, 2023 (last updated on January 30, 2026), in providing additional details in the annexure to the letter. No brief profile or disclosure of relationships between directors was required for this resignation filing.

Century Plyboards (India) Limited reported a 39% year-on-year increase in standalone net profit to ₹944.87 crore for the quarter ended June 30, 2026, driven by robust revenue growth and improved operational efficiency. The plywood manufacturer’s total income from operations surged 32% to ₹13,587.24 crore, while EBITDA expanded to ₹1,720 million with margins widening to 12.76% from 11.00% in the corresponding period last year. This performance underscores strong demand across its core segments, including plywood, medium-density fibreboard (MDF), and laminates, despite broader industry headwinds.

Financial Performance Overview

The company’s consolidated net profit also showed significant improvement, rising to ₹833.04 crore from ₹529.29 crore in Q1FY26. Consolidated revenue from operations grew to ₹13,635.55 crore, up from ₹11,712.36 crore year-ago. The expansion in profitability was supported by better cost management and higher realisation rates across product lines.

Consolidated figures reveal similar trends, with net profit after tax reaching ₹833.04 crore against ₹529.29 crore previously. The company’s earnings per share (basic & diluted) stood at ₹4.25 for the standalone entity and ₹3.61 on a consolidated basis, compared to ₹3.05 and ₹2.33 respectively in Q1FY26.

Operational Highlights

Management attributed the growth to increased volume sales and optimized pricing strategies. The Board of Directors, led by Managing Director & CEO Sanjay Agarwal, approved the unaudited financial results at their meeting held on July 31, 2026. The results were reviewed by the Audit Committee and subjected to limited review by the Statutory Auditors, who expressed an unmodified audit opinion.

Key executives participating in the investor discussions included Keshav Bhajanka (Executive Director), Nikita Bansal (Executive Director), Arun Julasaria (CFO), Navarun Sen (COO, Plywood), Sumant Wattas (CEO, MDF & Particle Board), and Vishu Goel (CEO, Laminates). Their presence highlighted the company’s focus on transparent communication regarding strategic developments and segment-wise performance.

Regulatory Compliance and Disclosures

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Century Plyboards published its unaudited financial results in Business Standard (national daily) and Aajkaal (regional daily-Bengali) on August 1, 2026. The announcement was issued by Sundep Jhunjhunwala, Company Secretary, confirming adherence to material disclosure requirements. Copies of the publications are hosted on the company’s website, www.centuryply.com .

An earnings conference call was scheduled for August 4, 2026, at 2:30 PM IST, allowing investors and analysts to review the quarterly performance and seek clarity on future outlooks. The notice was submitted to both BSE Ltd. and the National Stock Exchange of India Ltd., ensuring broad accessibility for stakeholders.