The Indian Wood Products Co. Ltd. has disclosed to stock exchanges that the Enforcement Directorate (ED) conducted a search operation on December 11, 2025, at its registered office and the residence of its Chairman Managing Director. The company made this disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

Search Operation Details

The ED search operation covered two locations on December 11, 2025:

Company's Response and Cooperation

The Indian Wood Products Co. Ltd. has stated that it is fully cooperating with the authorities during this investigation. The company has provided all information and documents as required by the Enforcement Directorate. This cooperative approach demonstrates the company's commitment to transparency and compliance with regulatory requirements.

Business Impact Assessment

Management has assessed the potential impact of the search operation on the company's operations:

• No material impact anticipated on business operations
• Financial position expected to remain unaffected
• Day-to-day activities continuing normally
• All operations proceeding in the normal course

Regulatory Compliance and Future Updates

The company has committed to providing further updates as and when required under the SEBI LODR Regulations and other applicable provisions. This disclosure was signed by Company Secretary and Compliance Officer Anup Gupta, ensuring proper regulatory compliance and stakeholder communication.

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.