The Indian Wood Products Company Limited reported a standalone net profit of ₹355.31 lakh for the financial year ended March 2026, down 3.4% from ₹367.79 lakh in the previous year. Revenue from operations rose 1.2% to ₹22,918.46 lakh, driven by improved product realisation despite lower Katha sales volumes.

The company’s Profit Before Tax (PBT) increased 7.8% to ₹545.96 lakh, reflecting better operational efficiency and cost management. However, higher tax expenses contributed to the decline in net profit. On a consolidated basis, net profit fell 13.8% to ₹456.18 lakh, impacted by a lower share of profit from its Singapore-based joint venture.

Operational Highlights

Katha sales volumes declined marginally to 3,846.70 MT from 3,983.24 MT in FY25, attributed to limited availability of quality raw materials. Conversely, sales of Cutch, a by-product, grew significantly to 1,105.30 MT from 977.98 MT, indicating improved by-product utilization.

Dividend and Governance

The Board recommended a final dividend of Re 0.20 per equity share (10%), an increase from Re 0.15 (7.5%) in the previous year. Total dividend payout is estimated at ₹127.95 lakh. Mr. Bharat Mohta was redesignated as Chairman & Managing Director effective November 15, 2025, following the resignation of Mr. Krishna Kumar Mohta due to advancing age.

What the Numbers Show

While top-line growth remained modest at 1.2%, the expansion in PBT by 7.8% highlights successful cost containment strategies amidst input inflation. The divergence between rising PBT and falling net profit underscores the impact of higher tax outgo, which increased from ₹138.62 lakh to ₹190.65 lakh. Additionally, the significant rise in Cutch sales suggests the company is effectively monetizing by-products to offset volume declines in its core Katha business.

The Indian Wood Products Co. Ltd. has scheduled its 106th Annual General Meeting (AGM) for Tuesday, September 22, 2026, at 3:00 pm. The meeting will be conducted through Video Conference or other Audio-Video Means (VC/OAVM) in compliance with Ministry of Corporate Affairs (MCA) and SEBI circulars.

Key Agenda Items

The primary business to be transacted includes the adoption of the audited standalone and consolidated financial statements for FY26. The Board of Directors has recommended a final dividend of Re. 0.20 per equity share for the financial year ended March 31, 2026, subject to shareholder approval.

Director Appointments

Shareholders will vote on the re-appointment of Mr. Bharat Mohta, who retires by rotation. Additionally, the Board seeks approval for the appointment of Mrs. Puja Somani as an Independent Director. Mrs. Somani, a Chartered Accountant with over 10 years of experience in financial reporting and data analytics, was initially appointed as an Additional Director on August 14, 2026. Her term will extend until the 110th AGM in 2030.

Voting and Record Details

The record date for determining eligibility to vote and receive dividends is Tuesday, September 15, 2026. The share transfer books will remain closed from September 16, 2026, to September 22, 2026, both days inclusive.

National Securities Depositories Limited (NSDL) will facilitate remote e-voting. Members holding shares as of the record date can cast their votes electronically between September 19 and September 21, 2026. The facility for e-voting during the AGM will also be available for those who have not voted remotely.

Dividend Payment Process

Dividends will be paid electronically to members who have updated their bank account details. For physical shareholders without updated KYC or bank details, payments will be made only after completion of requisite formalities. Tax Deducted at Source (TDS) will apply as per the Income Tax Act, 2025. Residents not liable to pay income tax can submit Form 15G/15H to avoid TDS, while non-residents may avail beneficial rates under applicable tax treaties by providing necessary documentation.