Century Plyboards (India) Limited has informed the Exchange about Shareholders meeting
CENTURYPLY · price
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Century Plyboards held its 44th AGM on 18th September 2025 via video conferencing, where all 7 resolutions were passed with overwhelming shareholder approval (over 90% in favour on each). Chairman Sajjan Bhajanka highlighted that FY 2024-25 revenue grew 16.5% to ₹4,527.80 crore, though margin pressures from capacity expansion were noted. The board declared a final dividend of Re. 1 per equity share (on face value of Re. 1). New capacities coming online include a particle board plant at Thiruvallur (Tamil Nadu), a plywood unit at Hoshiarpur (Punjab), and scaling up of the integrated Badvel unit in Andhra Pradesh. Key appointments include re-appointment of Sajjan Bhajanka as Chairman & MD for 5 years (April 2026–March 2031) and Keshav Bhajanka as Executive Director for 5 years (January 2026–January 2031), along with MKB & Associates as Secretarial Auditors for 5 years. The company reiterated its aspiration to reach ₹12,000 crore turnover by 2031 and diversify into logistics through Century Ports Ltd. and Century Infra Ltd.
Strong shareholder approval across all resolutions signals confidence in management and the growth roadmap. The dividend offers modest shareholder returns, while the ₹12,000 crore turnover target by 2031 and ongoing capacity expansion point to ambitious long-term growth, though near-term margin pressures from new plants remain a watch point.