Century Plyboards Promoter Prem Kumar Bhajanka Reduces Shareholding by 0.81% Through Open Market Sale

Century plyboards (India) Limited promoter Prem Kumar Bhajanka has disclosed a significant reduction in his shareholding through open market transactions. The disclosure, made under SEBI regulations, reveals the sale of 18 lakh equity shares on February 11, 2026. Transaction Details The shareholding change represents a notable adjustment in the promoter's stake in the company. Bhajanka's transaction was conducted through open market sales, indicating a direct market-based approach to the share disposal. Parameter Details Transaction Date February 11, 2026 Mode of Sale Open Market Shares Sold 18,00,000 equity shares Percentage Reduction 0.81% Shareholding Changes The transaction resulted in a measurable change in Bhajanka's ownership percentage in Century Plyboards. His shareholding position shifted from 1.65% to 0.84% of the company's total equity capital. Shareholding Status Number of Shares Percentage Before Transaction 36,72,561 1.65% Shares Sold (18,00,000) (0.81%) After Transaction 18,72,561 0.84% Company Share Capital Structure Century Plyboards maintains a consistent equity structure with no changes to the overall share capital following this transaction. The company's equity base remains stable at 22,21,72,990 equity shares of Re.1/- each, aggregating to Rs. 22,21,72,990. Regulatory Compliance The disclosure was submitted to both major stock exchanges where Century Plyboards shares are listed - the National Stock Exchange of India Limited and BSE Limited. The company trades under the scrip code 532548 on BSE and under the symbol "centuryply" on NSE. This disclosure fulfills the requirements under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, ensuring transparency in promoter shareholding changes. Promoter Group Holdings The broader promoter group's total shareholding stands at 71.83% after this transaction, down from 72.60% previously. The promoter group includes multiple entities and individuals across different categories, with the overall promoter and promoter group structure remaining intact despite this individual shareholding adjustment. Century plyboards (India) Ltd has announced a key change in its senior management personnel with the resignation of Shri Ashok Kumar Goyal from his position as Plant Head - Hoshiarpur. The resignation takes effect on February 7, 2026, marking the end of his tenure with the plywood manufacturing company. Resignation Details and Timeline The company disclosed the resignation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Goyal, who held the position of Senior Management Personnel (SMP), submitted his resignation citing personal reasons. Parameter: Details Employee Name: Shri Ashok Kumar Goyal Position: Plant Head - Hoshiarpur Reason for Change: Resignation Last Working Day: February 7, 2026 Nature of Change: Cessation due to personal reasons Personal Reasons Behind Departure In his resignation letter addressed to the CEO, Goyal explained that family commitments necessitated his departure from the company. He specifically mentioned his inability to continue in his current role due to the need to devote more time to his family. The resignation letter emphasized that this decision was made after thoughtful consideration of his personal responsibilities. Goyal expressed gratitude for the trust, opportunities, and guidance he received during his tenure with Century Plyboards. He committed to ensuring a smooth handover of all ongoing activities to avoid any disruption to operations. Company Response and Compliance Century Plyboards has accepted Goyal's resignation and confirmed that there are no other material reasons for his departure beyond the personal reasons stated. The company secretary, Sundeep Jhunjhunwala, signed the regulatory disclosure on February 7, 2026. The announcement was made to both major stock exchanges where the company is listed: BSE Ltd: Scrip Code 532548 National Stock Exchange: Scrip Name Centuryply The disclosure follows the requirements of SEBI Circular No SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, and the SEBI Master Circular dated July 11, 2023, ensuring full regulatory compliance in announcing senior management changes. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. 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