Century Plyboards (India) Ltd has appointed Dr. Rakesh Kumar Jain as an Independent Director for a term of five years, following approval through a postal ballot process. The appointment, effective from 22nd May, 2026 to 21st May, 2031, received overwhelming support from shareholders with 99.9987% of valid votes cast in favour. This move strengthens the company's board governance structure amidst its ongoing operations in the plywood and decorative laminates sector.

The resolution was passed pursuant to the provisions of Sections 149, 150, 152, and 161 of the Companies Act, 2013, and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dr. Jain, who holds DIN 11683647, was initially appointed as an Additional Director in the Independent category and had submitted a declaration confirming his independence under Section 149(6) of the Act. The postal ballot notice was sent electronically on 1st June, 2026, with the remote e-voting period commencing on 8th June, 2026, and concluding on 7th July, 2026.

Voting Details

The e-voting facility was managed by National Securities Depository Limited (NSDL). The scrutinizer for the process was Shri Raj Kumar Banthia of M/s MKB & Associates, and in his absence, Shri Manoj Kumar Banthia. The results were declared by Shri Rajesh Kumar Agarwal, Executive Director, based on the scrutinizer's report submitted on 8th July, 2026. The cut-off date for reckoning voting rights was 29th May, 2026.

Resolution Results

The Board of Directors has authorized the Company Secretary and individual directors to take all necessary actions to give effect to this resolution. The minutes of the postal ballot were entered into the company's records on 10th July, 2026.

Century Plyboards (India) Ltd has closed its trading window for all Directors, Designated Persons, and their immediate relatives effective July 1, 2026. The restriction is implemented to comply with SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company's internal Code of Conduct to regulate, monitor, and report trading by Designated Persons. The window will remain shut until 48 hours after the Board of Directors announces the unaudited financial results for the quarter ended June 30, 2026.

The closure prevents insiders from trading in the company's securities during the period leading up to the financial results announcement. This is a standard procedural measure to ensure that no insider trading takes place when unpublished price-sensitive information is likely to be in circulation. The specific date for the Board Meeting to consider these financial results has not yet been announced and will be intimated in due course.

The company's Code of Conduct mandates that the trading window be closed during such periods to maintain market integrity. The reopening of the window is contingent upon the expiry of the 48-hour period following the results declaration, allowing sufficient time for the information to be assimilated by the market.