Century plyboards (India) Ltd has announced a key change in its senior management personnel with the resignation of Shri Ashok Kumar Goyal from his position as Plant Head - Hoshiarpur. The resignation takes effect on February 7, 2026, marking the end of his tenure with the plywood manufacturing company.

Resignation Details and Timeline

The company disclosed the resignation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Goyal, who held the position of Senior Management Personnel (SMP), submitted his resignation citing personal reasons.

Personal Reasons Behind Departure

In his resignation letter addressed to the CEO, Goyal explained that family commitments necessitated his departure from the company. He specifically mentioned his inability to continue in his current role due to the need to devote more time to his family. The resignation letter emphasized that this decision was made after thoughtful consideration of his personal responsibilities.

Goyal expressed gratitude for the trust, opportunities, and guidance he received during his tenure with Century Plyboards. He committed to ensuring a smooth handover of all ongoing activities to avoid any disruption to operations.

Company Response and Compliance

Century Plyboards has accepted Goyal's resignation and confirmed that there are no other material reasons for his departure beyond the personal reasons stated. The company secretary, Sundeep Jhunjhunwala, signed the regulatory disclosure on February 7, 2026.

The announcement was made to both major stock exchanges where the company is listed:

• BSE Ltd: Scrip Code 532548
• National Stock Exchange: Scrip Name Centuryply

The disclosure follows the requirements of SEBI Circular No SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, and the SEBI Master Circular dated July 11, 2023, ensuring full regulatory compliance in announcing senior management changes.

Century Plyboards has achieved a significant milestone in its particle board segment operations, reaching breakeven EBITDA levels. The company has outlined clear targets for margin improvement in this business vertical over the coming quarters.

Particle Board Segment Performance

The particle board division has demonstrated notable progress by achieving breakeven EBITDA, marking a crucial turning point for this segment. This development indicates improved operational efficiency and better cost management within the division.

Margin Improvement Strategy

Century Plyboards has set ambitious targets for its particle board segment, aiming for stable margins by Q4 next year. The company expects to achieve 15% margins in this segment by Q4 next year, representing a significant improvement from the current breakeven position.

Business Outlook

The achievement of breakeven EBITDA in the particle board segment demonstrates the company's focus on operational efficiency and cost optimization. The targeted 15% margin by Q4 next year reflects management's confidence in the segment's growth potential and market positioning.

This strategic focus on margin improvement in the particle board segment aligns with the company's broader operational excellence initiatives across its product portfolio.