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 Company Limited (IWPCL) has initiated a significant leadership transition and strategic move, as revealed in a recent postal ballot notice to its shareholders. The company is seeking approval for two key resolutions that could shape its future direction and governance structure.

Leadership Transition

IWPCL plans to re-designate Mr. Bharat Mohta from his current position as Whole Time Director and CEO to the role of Chairman and Managing Director. This change is set to take effect from November 15, 2025, following the decision of Mr. Krishna Kumar Mohta to step down from his position due to advanced age.

Strategic Consultancy Appointment

In a related move, the company is also seeking shareholder approval to appoint Mr. Krishna Kumar Mohta as a Senior Strategic Consultant for a period of three years. This appointment comes with an annual remuneration of Rs. 10.00 lakhs.

Shareholder Voting Process

The company has outlined the following timeline for the e-voting process:

• Commencement of e-voting: November 20, 2025, at 9:00 AM (IST)
• Conclusion of e-voting: December 19, 2025, at 5:00 PM (IST)

Shareholders are required to cast their votes electronically through the NSDL e-voting system.

Implications and Considerations

These proposed changes reflect IWPCL's efforts to ensure continuity in leadership while leveraging the experience of its long-standing executives. The re-designation of Mr. Bharat Mohta suggests a planned succession strategy, while the appointment of Mr. Krishna Kumar Mohta as a consultant indicates the company's intent to retain his strategic insights.

The proposed resolutions, if approved, may have implications for the company's governance structure and strategic direction. Shareholders are advised to review the detailed postal ballot notice, which includes the full text of the resolutions and explanatory statements, before casting their votes.

IWPCL has emphasized that these decisions are aimed at benefiting the company and ensuring business continuity. The outcome of this postal ballot may provide insights into the shareholders' confidence in the proposed leadership changes and strategic appointments.

As the voting process unfolds, market observers will be keenly watching for any potential impact on the company's operations and market performance.