The Indian Wood Products Company declared a dividend of ₹0.20 per equity share for the financial year ended March 31, 2026, during its 106th Annual General Meeting held on September 22, 2026.

The meeting was conducted via Video Conferencing/Other Audio-Visual Means (VC/OAVM) in compliance with Ministry of Corporate Affairs and SEBI circulars. Bharat Mohta, Chairman and Managing Director, chaired the proceedings, which saw 33 members present as per NSDL records, ensuring quorum throughout the session.

Key resolutions passed

Shareholders approved several key items through electronic voting, including the adoption of financial statements and board changes. The resolutions covered both ordinary and special business matters outlined in the AGM notice.

Virtual meeting protocols

As the AGM was conducted virtually, no proxies were allowed. Remote e-voting was available from September 19, 2026, to September 21, 2026. The CEO presented highlights of operational and financial performance, while registered speakers sought clarifications on projects under implementation and future prospects. The Chairman addressed all member queries during the session.

Outcome and next steps

The results of the e-voting will be displayed on the company website and BSE within 48 hours of the meeting's conclusion. The annual report for FY26 was dispatched to eligible members on August 24, 2026. The auditor's report and secretarial audit report were taken as read, with no qualifications or adverse remarks noted.

Promoter Bharat Mohta acquired 91,60,200 equity shares of The Indian Wood Products from his mother, Savita Mohta, through a gift deed executed on August 24, 2026.

The off-market transaction involved no monetary consideration and was structured as an inter-se transfer among immediate relatives. Mohta filed the requisite disclosure with the Securities and Exchange Board of India (SEBI) on September 10, 2026, under Regulation 10(7) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Shareholding Changes

The acquisition significantly consolidated promoter ownership within the entity. Prior to the transfer, Bharat Mohta held 76,37,530 shares, representing 11.94% of the total paid-up share capital. Following the receipt of the gifted shares, his individual holding rose to 1,67,97,730 shares, or 26.26%.

Savita Mohta, who previously held 91,60,200 shares (14.32%), disposed of her entire stake in the company through this transaction, leaving her with a nil holding.

Regulatory Compliance

The acquirer adhered to the procedural timelines mandated by the SEBI SAST Regulations. The prior intimation regarding the proposed acquisition was filed with BSE Limited on August 17, 2026, satisfying Regulation 10(5). The post-acquisition disclosure under Regulation 10(6) was submitted to the stock exchange on August 27, 2026.

Additionally, both the acquirer and the seller filed disclosures under Regulation 29(2) on August 26, 2026, reporting the change in shareholding. The transaction relied on the exemption provided under Regulation 10(1)(a)(ii), which covers transfers between persons named as promoters for at least three years prior to the acquisition.

Promoter Group Consolidation

While the individual holdings of Bharat and Savita Mohta changed substantially, the aggregate holding of the promoter group remained effectively stable. The total promoter group holding decreased marginally from 4,55,58,765 shares (71.216%) to 4,55,46,018 shares (71.122%). This minor reduction was due to a separate disposal of 61,107 shares by Krishna Kumar Mohta, another member of the promoter group, during the same period.