Promoter Bharat Mohta is set to acquire 91,60,200 equity shares of indian wood products through an off-market inter-se transfer by way of gift from Savita Mohta. The transaction, scheduled for on or after June 26, 2026, increases Mohta's shareholding to 26.26% while the aggregate holding of the promoter group remains unchanged. The transfer falls under the exemption provided by Regulation 10(1)(a)(ii) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011.

The disclosure was submitted to BSE Limited on June 19, 2026, by Bharat Mohta. The acquirer confirmed that the transferor and transferee have complied with applicable disclosure requirements in Chapter V of the SEBI SAST Regulations during the three years prior to the proposed acquisition. The shares are being transferred via the execution of a Gift Deed, and no open offer is required due to the inter-se nature of the transaction.

Shareholding Pattern

The transfer significantly alters the individual shareholding distribution within the promoter group. Bharat Mohta's holding rises from 11.94% to 26.26%, while Savita Mohta ceases to hold shares in the company following the transfer.

Transaction Details

The acquisition involves 91,60,200 shares, representing 14.32% of the total share capital of The Indian Wood Products Co Ltd. As the transfer is a gift, the volume weighted average market price and other pricing mechanisms are not applicable. The acquirer has declared full compliance with all conditions specified under Regulation 10(1)(a)(ii) regarding exemptions.

Separate disclosures submitted to the exchange confirm that the promoter group has not created any encumbrance on the shares of the company during the financial years 2023-24, 2024-25, and 2025-26. These declarations were made by Krishna Kumar Mohta on behalf of the promoter and promoter group.

Indian Wood Products reported a net profit of ₹355.31 lakh for the financial year ended March 31, 2026, compared to ₹367.79 lakh in the previous year. Revenue from operations for the year stood at ₹22,853.42 lakh, up from ₹22,580.82 lakh in FY25. The Board has recommended a final dividend of Re. 0.20 per equity share, representing 10% of the face value, for approval at the upcoming Annual General Meeting.

The audited standalone financial results for the quarter ended March 31, 2026, show a net profit of ₹59.66 lakh, while revenue from operations for the quarter was ₹6,850.10 lakh. For the same quarter in the prior year, the company reported a net profit of ₹66.11 lakh on revenue of ₹5,444.67 lakh. The statutory auditor, M/s. S K Agrawal & Co. Chartered Accountants LLP, issued an audit report with an unmodified opinion on the standalone and consolidated financial results.

Consolidated Performance

On a consolidated basis, the company reported a net profit of ₹456.18 lakh for FY26, a decrease from ₹529.15 lakh in the previous year. Total revenue for the year was ₹22,918.46 lakh. The consolidated results include the company's share of profit from its joint venture, M/s Agro & Spice Trading PTE. Ltd, amounting to ₹100.87 lakh for the year. The joint venture's financial information was converted from accounting principles generally accepted in its respective country to those accepted in India.

Key Financial Metrics

The following table outlines the standalone financial performance for the year and quarter ended March 31, 2026:

Corporate Governance and Appointments

The Board appointed M/s. R K D S & Associates, Chartered Accountants, as the Internal Auditor for the financial year 2026-27. The firm was re-appointed based on the recommendation of the Audit Committee. Additionally, the Board scheduled the 106th Annual General Meeting for September 22, 2026, via Video Conferencing. The register of members and share transfer books will remain closed from September 16, 2026, to September 22, 2026, to determine dividend entitlement.

The company noted that the Government of India's implementation of new Labour Codes, including the Code on Wages, 2019, led to a provision of ₹13.63 lakh primarily arising from the change in the definition of "wages". The company continues to monitor the finalization of rules and will record the appropriate accounting impact as developments occur.