Board approves Q3 results, CEO re-appointment, new UP unit
CENTURYPLY · price
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On the reaction day the stock moved 6.6 pts less than Nifty Microcap 250 and 5.4 pts less than its Plywood Boards/ Laminates peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Century Plyboards board approved Q3 FY26 unaudited standalone and consolidated results for the quarter and nine months ended December 31, 2025. Re-appointed Sanjay Agarwal as CEO and Managing Director for five years from July 1, 2026, and Ajay Baldawa as Executive Director (Technical) for five years. Dr Sandip Pradhan was redesignated as Chief Digital and Information Officer under the SMP category. The board also approved setting up a new manufacturing unit in Uttar Pradesh for plywood and MDF boards, signalling capacity expansion.
New UP unit indicates growth push in plywood and MDF. CEO re-appointment ensures leadership continuity. Q3 numbers and capex details will be key for stock direction.