Promoter Bharat Mohta acquired 9,160,200 equity shares in The Indian Wood Products Co Ltd from his mother Savita Mohta via an off-market gift on August 24, 2026. The transaction represents 14.319% of the company’s total share capital.

The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transfer consolidates family holdings within the promoter group.

Gift Transaction Details

Savita Mohta transferred her entire holding of 9,160,200 shares to Bharat Mohta. Consequently, Savita Mohta’s stake fell from 14.319% to 0.00%, while Bharat Mohta’s stake increased from 11.939% to 26.258%.

Promoter Group Holdings

The broader promoter group’s aggregate holding fell from 71.216% to 71.122%. This reduction is driven by the open market sale by another promoter, Krishna Kumar Mohta.

Krishna Kumar Mohta disposed of 61,107 equity shares on August 24 and August 25, 2026, via open market transactions. His stake reduced from 3.190% to 3.095%.

Other entities in the promoter group maintained unchanged stakes. These include Security Company Limited (19.267%), Avanti Mohta (11.765%), Bharat Mohta HUF (7.112%), Indian Glass & Electricals Ltd (1.876%), Arvind Engineering Works Ltd (0.951%), Krishna Kumar Mohta HUF (0.438%), and ACMA Industrial Projects Pvt Ltd (0.360%).

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.