Century Plyboard Approves Appointment of Independent Directors via Postal Ballot

Century Plyboards (India) Limited announced the successful passing of resolutions for the appointment of Prof. (Dr.) Anuradha Lohia and Shri Kothandaraman Hari as Independent Directors, through a postal ballot and remote e-voting process. The results were declared on July 9, 2025, following the conclusion of the e-voting period on July 8, 2025.

Detailed Analysis

The postal ballot notice, dated May 29, 2025, was sent electronically on June 5, 2025, to members registered with Depositories/Company/Registrar and Share Transfer Agent as of May 30, 2025. M/s MKB & Associates, Company Secretaries, served as the Scrutinizer for the e-voting process. The e-voting commenced on June 9, 2025, and concluded on July 8, 2025.

Voting Results

The results, based on the Scrutinizer's report, indicated strong support for both resolutions.

Item No. 1: Appointment of Prof. (Dr.) Anuradha Lohia

• Votes in favor: 205,524,075

• Votes against: 2,685

• Total votes cast: 205,526,760

• Percentage of votes in favor: 99.9987%

Item No. 2: Appointment of Shri Kothandaraman Hari

• Votes in favor: 205,524,111

• Votes against: 2,704

• Total votes cast: 205,526,815

• Percentage of votes in favor: 99.9987%

Additional Context

The appointments are in compliance with Sections 149, 150, 152, 161, Schedule IV of the Companies Act, 2013, and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Both appointees have submitted declarations confirming they meet the criteria for independence as per Section 149(6) of the Act and Regulation 16(1)(b) of the Listing Regulations.

Strategic Implications

The appointment of Prof. (Dr.) Anuradha Lohia and Shri Kothandaraman Hari as Independent Directors is expected to bring valuable expertise and governance oversight to Century Plyboards, enhancing the company's strategic direction and compliance framework.