Century Plyboards (India) Ltd

Dividend and TDS updates

• Board recommended dividend of Re 1 per share for FY2025-26, subject to AGM approval.
• Record date for entitlement is 9 September 2026.
• Dividend payable only if approved at the AGM on 16 September 2026.
• TDS will apply to dividends under IT Act 2025, with rates by shareholder category.
• Non-residents face 20% TDS, with potential lower DTAA rates if documents provided.
• DTAA rates not automatically applied; rate determined after document review.
• Deadline to submit required documents is 9 September 2026; submissions via specified channels.
• Shareholders must update PAN and other tax details; mismatches may lead to higher withholding.
• KYC and bank details updates needed for demat and physical shares per SEBI guidelines.
• Company will issue TDS certificates by email after dividend payment.

AGM notice and e-voting details

• Intimation of 45th AGM on 16 September 2026 via video conference.
• Electronic AGM notice and FY2025-26 annual report sent to registered email addresses.
• Shareholders with unregistered emails can access materials via company website links.
• Cut-off date for e-voting: September 9, 2026.
• e-Voting window: 12 September 2026 09:00 to 15 September 2026 17:00.
• Final dividend for FY2025-26: Re. 1 per equity share; record date 9 September 2026.
• Dividend payments require KYC compliance of folio/demat accounts.
• Materials available on company website and exchange portals.

Overview

• Consolidated BRSR for FY2025-26; boundary includes Centuryply and Indian subsidiaries; overseas subsidiaries excluded.
• Main activities: plywood, laminates, MDF; 97% turnover from plywood products; CFS services 3%.
• Assurance by Moore Singhi Advisors; reasonable on Core KPIs, limited on select non-core KPIs.

Key ESG Risks & Opportunities

• Timber sourcing: 98% from agroforestry; over 50% FSC-certified; 78 lakh saplings distributed.
• Energy transition: 18% renewable energy; 14.26 MW rooftop solar; RE PPA for Chennai.
• Waste & water: ZLD across facilities; wood waste used as biomass; zero-landfill for chemical waste.
• Chemicals: low-emission binders; safety training; enhanced occupational health standards.
• Supply chain: ESG vetting and traceability; backward integration to curb unethical practices.
• Climate risk: Scope 3 emissions tracked; potential energy cost impacts and transition opportunities.

Governance & Policy Highlights

• Board oversight via Risk Management Committee; ESG Committee and Management Committee monitor KPIs and frameworks.
• Key policies: Anti-bribery, whistleblower, related party transactions, CSR and BRSR policy; board-approved.
• Assurance: Moore Singhi provides reasonable assurance on Core KPIs; limited assurance on non-core KPIs.
• No material penalties or disciplinary actions reported for FY2025-26.

Social Responsibility & Workforce

• Total workforce: 4,823; 4,621 permanent; 12,095 workers; board female representation 25%.
• Differently-abled: 6 permanent employees; 20 differently-abled workers.
• LTIFR: Employees 0.26; Workers 1.79; total injuries 4 employees, 52 workers; one worker fatality.
• Well-being spend: 0.08% of revenue; high training coverage for health, safety, and skills.
• Grievances: 129 employee/workers complaints; 0 pending; 4,742 customer complaints; 223 pending.
• CSR focus: VATAVARAN, GYANODAY, Swasthya Swachhata, Samajik Kalyan; 78 lakh saplings distributed.

Environmental Performance

• Energy: total 46,11,976 GJ; ~75% from biomass; 14.26 MW rooftop solar; 18% renewable share.
• GHG: Scope 1 41,722 tCO2e; Scope 2 129,003 tCO2e; intensity 0.32 MtCO2e per Lac turnover.
• Water: total withdrawal 752,382 KL; surface 218,709; groundwater 459,410; third party 74,263.
• Waste: total 166,643 MT; 98% wood waste used as biomass; zero-landfill for chemical waste.
• Certifications/targets: ISO 14001/45001/27001; Net Zero Scope 1+2 by FY2050; ZLD across facilities.

Stakeholder Engagement & Complaints

• Stakeholders: employees, investors, customers, suppliers, communities, government; channels include meetings and surveys.
• Engagement frequency: quarterly/annual; topics include safety, benefits, growth, product feedback.
• Customer complaints: 4,742 filed; 223 pending; employee/workers complaints: 129 filed; 0 pending.
• CSR oversight: Audit/Stakeholder relations/CSR committees review ESG and stakeholder inputs.

Other Notable Metrics

• RPTs: purchases from related parties 0.01%; sales/loans/investments with related parties minimal.
• Sourcing: 98% timber from agroforestry; 50%+ FSC-certified; ~7,990 dealers; top 10 dealers 6.17% of sales.
• Data privacy/cyber: Nil data breaches; ISO 27001:2022 information security management.
• Product recalls: Nil; consumer protection: Jaaniye Phir Chuniye and Century Promise for authenticity.
• CSR beneficiaries: extensive programs; 78 lakh saplings distributed; numerous education and healthcare initiatives.
• Public policy: engages with industry associations; no anti-competitive orders reported.

Consolidated financial & operational highlights

• Consolidated revenue ₹5,397.18 Cr; YoY +19.2%.
• Net profit to equity shareholders ₹26,269.54 Lacs; EPS ₹11.82.
• Final dividend ₹1 per share proposed.
• Exports ₹217.61 Cr in FY2025-26.
• Capex ₹393.37 Cr.
• Total assets ₹5,10,353.27 Lacs.
• Cash and cash equivalents ₹3,017.52 Lacs.
• Total borrowings ₹1,63,006.47 Lacs.
• Debt-to-equity ratio 0.68x.
• Geography: Indian revenue ₹5,24,357.92 Lacs; overseas ₹15,360.07 Lacs.

Financial Performance

• Quarterly revenue: INR 1,561 crores, up 33.5% YoY.
• EBITDA margin (excluding forest losses) at 13.0%.
• PAT rose 57% YoY to INR 83.3 crores.
• Plywood EBITDA margin at 16.9%, highest in the industry.
• Laminate revenue up 14.7%; EBITDA margin 10.2%.
• ROE 13.5%, ROCE 14.4%.
• Logistics: 9,000+ containers handled in July.

Operating Update

• Plywood revenue up 32.4% YoY; Hoshiarpur plant 60,000 CBM/year to commence Q3 FY27.
• Chennai brownfield: 12,500 CBM/month by Q3 FY27; 8k→10k in Q2.
• MDF capacity expanded to 950 CBM/day; revenue up about 29% YoY.
• Particle board revenue up 155.7% YoY; margins still early.
• Laminate: LookBook and Trendz Edit 2026-27 launched; strong response.
• Total Cover: furniture-cost reimbursement for defects for 10 years.
• Focus on utilization and asset productivity; not pursuing aggressive capex.

Projects and Capex

• UP plywood plant: capex ~INR 200 crores.
• Chennai brownfield expansion details follow Q3 FY27 target; 12,500 CBM/month.
• Laminate press capex ~INR 25 crores; incremental brownfield outlay smaller than earlier bets.
• No large near-term capex; UP MDF timing not finalized; likely lag plywood.
• Land for UP plywood plant targeted by year-end; go-live April 2028.

Outlook and Guidance

• Management does not provide formal guidance due to volatility.
• Aim to reach 15%+ MDF margins; growth trajectory intends to stay robust.
• UP plywood plant expected to go live by April 2028 (for FY28-29).
• Cash flows expected to fund debt repayment; balance sheet to strengthen.

Q&A Highlights

• Plywood volume drivers: 7% April price hike aided growth; industry 5-7%.
• Balance sheet: debt repayment prioritized; working capital uptick due to 30%+ growth.
• MDF value-added mix: not disclosed; target is 15%+ margins; guidance paused due to volatility.
• Volume guidance: not provided given fluid environment; focus remains on quarterly margin improvement.
• UP plant timeline: land by year-end; go-live by April 2028.

Key dates

• AGM on 16 September 2026 at 11:30 AM.
• Record date for dividend entitlement: 9 September 2026.
• Book closure: 10 September to 16 September 2026 (inclusive).
• Dividend entitlement subject to declaration by the company.

Standalone results

• Revenue from operations: 1,34,841.18 Lacs for quarter ended 30 Jun 2026.
• Total income: 1,35,872.36 Lacs; total expenses: 1,22,963.10 Lacs.
• Profit before tax after exceptional items: 12,909.26 Lacs.
• Tax expense: 3,460.53 Lacs; net profit: 9,448.73 Lacs.

Consolidated results

• Revenue from operations: 1,56,138.45 Lacs; total income: 1,56,355.47 Lacs.
• Total expenses: 1,44,727.36 Lacs; profit before tax: 11,628.11 Lacs.
• Tax expense: 3,297.68 Lacs; net profit: 8,330.43 Lacs.
• Earnings per share (Basic & Diluted): 3.61 (not annualised).

Meeting Details

• 04 August 2026 at 14:30 IST, virtual Q1 FY27 results conference call.
• Event: Q1 FY27 Result Conference Call; Organizer: Century Plyboards (India) Limited.

Participants

• Key company participants: MD & CEO; Executive Directors; CFO; COO; CEOs of MDF & Particle Board and Laminates.

Purpose

• Discuss unaudited Q1 FY27 results for the quarter ended 30 June 2026.

Additional Notes

• No explicit recording or transcript mentioned.