Century Plyboards (India) Limited has informed the Exchange regarding Notice of Postal Ballot
CENTURYPLY · price
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Awaiting price reaction for this filing.
Century Plyboards has issued a Postal Ballot notice to shareholders seeking approval for two special resolutions. Item 1 is the appointment of Prof. (Dr.) Anuradha Lohia (DIN: 00599122), a 68-year-old scientist and former Vice-Chancellor of Presidency University Kolkata, as an Independent Director for a 5-year term from 29 May 2025 to 28 May 2030. Item 2 is the appointment of Shri Kothandaraman Hari (DIN: 08901674), a 58-year-old former Executive Vice President of NSE with 28+ years of capital markets experience, as an Independent Director for the same 5-year term. Both were appointed as Additional Directors on 29 May 2025 and now require shareholder approval. Remote e-voting opens on 9 June 2025 at 9:00 AM and closes on 8 July 2025 at 5:00 PM, with results expected by 10 July 2025.
This is a routine board-strengthening exercise with no financial or operational implications. The addition of a former NSE senior executive brings deep capital markets and regulatory expertise, while the academic appointee adds scientific and institutional leadership experience. No immediate effect on stock price is expected, though the appointments may be viewed positively by investors focused on governance quality.