Century Plyboards (India) Ltd shareholders approved the reappointment of five key directors at its 45th Annual General Meeting on September 16, 2026. The resolutions included fresh five-year terms for senior management roles.

Sajjan Bhajanka, Chairman and Managing Director, chaired the proceedings conducted via video conferencing. Members adopted the audited standalone and consolidated financial statements for FY26 and declared a dividend on equity shares.

Governance and Appointments

Shareholders approved the re-appointment of Rajesh Kumar Agarwal and Prem Kumar Bhajanka as directors retiring by rotation under Section 152(6)(c) of the Companies Act, 2013.

The meeting also passed special resolutions for senior management appointments, confirming five-year terms effective from specific dates:

• Sanjay Agarwal as CEO and Managing Director, effective July 1, 2026
• Ajay Baldawa as Executive Director (Technical), effective July 1, 2026
• Nikita Bansal as Executive Director, effective February 1, 2027

Members also approved revisions in the remuneration of Executive Directors Nikita Bansal and Keshav Bhajanka.

Director Profiles and Relationships

The exchange filing disclosed detailed profiles for the reappointed directors. Sanjay Agarwal, aged 65 with 39 years of experience, holds 2,49,30,460 equity shares. He is the father of Nikita Bansal, who was reappointed as Executive Director. Bansal, aged 37, holds 69,200 shares.

Rajesh Kumar Agarwal, 56, brings 35 years of experience in administration and holds 40,53,882 shares. Prem Kumar Bhajanka, 68, has 46 years of experience in management and production, holding 18,72,561 shares. Ajay Baldawa, 69, specializes in production and technical implementation with 44 years of experience and holds 75,000 shares.

Financial and Operational Resolutions

The AGM addressed critical financial governance matters. Shareholders granted approval for an increase in the company's borrowing limits under Section 180(1)(c) of the Companies Act, 2013. This enables the firm to access debt financing beyond statutory thresholds without further shareholder approval for specific instances.

Members also approved the creation of charges on the company's assets under Section 180(1)(a) of the Companies Act, 2013. This allows the board to mortgage or charge assets to secure loans, subject to the overall borrowing limit approved.

Voting Process

The company provided remote e-voting facilities to members as of September 9, 2026. Voting commenced on September 12, 2026, at 9:00 am and concluded on September 15, 2026, at 5:00 pm. Members attending the virtual meeting could also vote electronically via the NSDL platform.

Raj Kumar Banthia, Partner at MKB & Associates, served as the scrutinizer for the voting process. All resolutions were passed by the requisite majority. The consolidated voting results were scheduled for announcement by September 17, 2026.

Century Plyboards has scheduled its 45th Annual General Meeting (AGM) for September 16, 2026, at 11:30 am via video conference. The Board approved a final dividend of ₹1 per equity share during its May 22, 2026 meeting.

The company notified stock exchanges on August 24, 2026, enclosing the Annual Report for FY26 and the meeting notice. On August 25, 2026, the company confirmed the completion of newspaper publications in Business Standard (English) and AajKaal (Bengali) intimating the AGM details. The agenda includes approving the dividend payout and other routine business matters for the financial year ended March 31, 2026. Shareholders on record as of September 9, 2026, will be eligible for the distribution if the proposal is approved by shareholders at the AGM.

E-Voting and Record Dates

The company has outlined specific timelines for e-voting and record dates. Shareholders can cast their votes electronically between September 12 and September 15, 2026. The cut-off date for e-voting is September 9, 2026. The Registrar of Members and Share Transfer Books will remain closed from September 10, 2026, to September 16, 2026.

National Securities Depository Limited (NSDL) is facilitating the e-voting process. Members who have cast their votes through remote e-voting may still attend the meeting but shall not be entitled to cast their vote again. Results of voting will be declared within two working days or three calendar days, whichever is earlier, from the conclusion of the AGM.

Tax Deduction at Source Provisions

The company communicated that tax will be deducted at source from the dividend as per the Income-tax Act, 2025. Shareholders must submit requisite documents to claim exemptions or lower deduction rates before the record date.

Resident Members

For resident individual members, no tax is deducted if the aggregate dividend during Tax Year 2026-27 does not exceed ₹10,000 or if a valid Form 121 is submitted. For other resident shareholders with valid PANs, the TDS rate is 10%. In the absence of a PAN, the rate rises to 20%.

Non-Resident Members

For Foreign Institutional Investors and Foreign Portfolio Investors, the TDS rate is 20%, plus applicable surcharge and cess. Lower rates under Double Taxation Avoidance Agreements may apply if specific documents, including Tax Residency Certificates and Form 41, are furnished.

Submission Guidelines

Shareholders must submit scanned copies of documents such as PAN, Form 121, or Form 41 via the designated link before September 9, 2026. The company reserves the right to reject incomplete documents. Physical mode shareholders are advised to update KYC details with the Registrar and Transfer Agent, Maheshwari Datamatics Pvt. Ltd., to ensure electronic payment of dividends.