Century Plyboards (India) Limited has informed the Exchange regarding Resignation of Mr Anup Mangaserri as Other of the company w.e.f. May 11, 2025.
CENTURYPLY · price
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On the reaction day the stock moved 0.2 pts more than Nifty Microcap 250 and 0.4 pts more 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 has informed the stock exchanges that Shri Anup Mangaserri, who served as CEO-Laminates and Senior Management Personnel of the company, has resigned due to personal reasons. The company has accepted his resignation and his last working day will be May 10, 2025. The disclosure was made under SEBI Listing Regulations, and no other material reasons were cited for his exit. He is not a director on the board but headed the laminates business vertical.
The departure of a divisional CEO, though for personal reasons, may create short-term uncertainty around the laminates segment's leadership and continuity. Investors should watch for any announcement on a replacement, as the laminates business is a key revenue contributor for Century Plyboards.