Net profit of Century Plyboards (India) rose 163.51% to Rs 65.85 crore in the quarter ended December 2020 as against Rs 24.99 crore during the previous quarter ended December 2019. Sales rose 9.10% to Rs 660.10 crore in the quarter ended December 2020 as against Rs 605.04 crore during the previous quarter ended December 2019.

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The Board of Century Plyboards (India) at its meeting held on 09 February 2021 has approved a proposal to acquire 19,95,000 shares of Rs 10 each constituting 39.94% of the share capital of its subsidiary company 'Century Infotech' (CIL) from other shareholders. Upon completion of this acquisition, CIL would become a wholly owned subsidiary of the company.

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The Board of Century Plyboards (India) at its meeting held on 09 February 2021 has approved the appointment of Rajesh Kumar Agarwal (DIN: 00223718) as an Executive Director of theCompany for a period of 3 years w.e.f. 9 February 2021.

The Board also approved appointment of Naresh Pachisia (DIN: 00233768) as an Independent Director of the Company fora period of 3 years w.e.f. 1 April 2021 in place of Santanu Ray (DIN: 00642736), whose present(second) term expires on 31 March 2021. Santanu Ray shall serve as an Independent Director onthe Board of the Company till 31 March 2021.

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The Board of Century Plyboards (India) at its meeting held on 09 February 2021 has approved proposal for expansion of the Company's Medium Density Fiber (MDF) Board unit located at Hoshiarpur in Punjab bymaking an additional capital expenditure of approx. Rs. 200 crore. The existing operating capacity of the plantis 600 cbm per day which is expected to be increased to 1000 cbm per day, post this expansion.

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