The Indian Wood Products Co. Ltd. has successfully concluded its postal ballot process, with shareholders overwhelmingly approving both proposed resolutions with a 99.99% majority. The company announced the voting results on December 20, 2025, following the completion of the e-voting period that concluded on December 19, 2025.

Voting Results and Participation

The postal ballot process witnessed significant shareholder participation, with detailed results scrutinized by Mr. Md. Shahnawaz of M/s. M Shahnawaz Associates, the appointed scrutinizer. The voting was conducted exclusively through electronic means via the NSDL e-voting platform.

Leadership Transition Approved

Shareholders approved the re-designation of Mr. Bharat Mohta (DIN: 00392090) from Whole Time Director and CEO to Chairman and Managing Director, effective from November 15, 2025. This transition follows Mr. Krishna Kumar Mohta's decision to step down from his position due to advanced age.

Strategic Consultancy Appointment

The second resolution, approving the appointment of Mr. Krishna Kumar Mohta as Senior Strategic Consultant, also received overwhelming support. This related party transaction involves an annual remuneration of ₹10.00 lakhs for a three-year period, ensuring the company retains his strategic expertise during the leadership transition.

Regulatory Compliance and Process

The postal ballot was conducted in accordance with Section 110 of the Companies Act 2013 and the Companies (Management Administration) Rules 2014. The company completed the electronic dispatch of postal ballot notices on November 19, 2025, to shareholders whose names appeared in the Register of Members as of the cut-off date of November 7, 2025.

The results have been disclosed to BSE Limited under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and are displayed at the company's registered office and website for stakeholder access.

Indian Wood Products has reported robust financial results for the fiscal year 2024-25 (FY25), with significant growth in revenue and profitability. The company has also announced its 105th Annual General Meeting (AGM) and proposed a dividend for shareholders.

Financial Highlights

For FY25, Indian Wood Products achieved a total revenue of Rs 22,635.94 lakhs, marking a 17.6% increase from Rs 19,241.53 lakhs in the previous year. The company's profit after tax rose to Rs 367.79 lakhs, up from Rs 259.01 lakhs in FY24, representing a substantial 42% year-over-year growth.

The company's EBITDA improved to Rs 1,631.01 lakhs in FY25 from Rs 1,489.20 lakhs in FY24, indicating enhanced operational efficiency. Earnings per share (EPS) for the fiscal year stood at Rs 0.57, compared to Rs 0.40 in the previous year.

Operational Performance

Indian Wood Products, which primarily operates in the Katha manufacturing sector, reported strong sales volume growth. The company achieved sales of 3,983 MT of Katha in FY25, a 19.4% increase from 3,337 MT in the previous year. This growth in volume, combined with improved average realization and operational efficiencies, contributed to the company's strong financial performance.

Dividend Announcement

The Board of Directors has recommended a dividend of Rs 0.15 per equity share for FY25, subject to shareholders' approval at the upcoming AGM. This represents a 50% increase from the previous year's dividend of Rs 0.10 per share.

Annual General Meeting

The 105th AGM of Indian Wood Products is scheduled to be held on Friday, September 12, 2025, at 3:00 PM through video conferencing. The company has set September 5, 2025, as the record date for determining shareholders' eligibility for the dividend.

Management Commentary

Krishna Kumar Mohta, Chairman and Managing Director of Indian Wood Products, commented on the results: "We are pleased to report a strong performance for FY25, with significant growth in both our top and bottom lines. Our focus on operational excellence and market expansion has yielded positive results, as evidenced by the substantial increase in our Katha sales volume."

Bharat Mohta, Whole Time Director and CEO, added: "The improved profitability reflects our efforts in enhancing operational efficiencies and managing costs effectively. We remain committed to delivering value to our shareholders, as demonstrated by the increased dividend recommendation."

Future Outlook

The management expressed optimism about the company's future prospects, citing ongoing efforts to strengthen its market position in the Katha industry. The company operates manufacturing units in Uttar Pradesh, Gujarat, Rajasthan, and Jammu & Kashmir, positioning it well to cater to diverse market demands.

As Indian Wood Products continues to focus on sustainable growth and operational excellence, investors and stakeholders will be keenly watching the company's performance in the coming quarters.

The AGM will provide an opportunity for shareholders to engage with the management and gain further insights into the company's strategies and future plans.