Appointment of Independent Directors- Shri K. Hari & Prof(Dr). Anuradha Lohia w.e.f 29.05.2025
Awaiting price reaction for this filing.
Century Plyboards has appointed two new Independent Directors on its Board with effect from May 29, 2025, each for a five-year term, subject to shareholder approval. Prof. (Dr.) Anuradha Lohia (DIN: 00599122), aged 68, is a molecular biologist with a Ph.D. in Biochemistry and 39 years of experience. Shri Kothandaraman Hari (DIN: 08901674), aged 58, is a qualified Cost Accountant and Company Secretary with 28 years of experience in management and governance. The filing also notes that the second term of existing Independent Directors Shri Sunil Mitra and Shri Debanjan Mandal will end on July 31, 2025, suggesting these new appointments are part of a planned board transition. Neither new appointee holds any shares in the company, and neither has been debarred from directorship by SEBI.
This is a routine board refresh that brings scientific research and finance/governance expertise to the board. No immediate impact on shareholders or stock price is expected, as these are regulatory compliance appointments requiring shareholder approval.