Century Plyboards (India) Limited — JV/Acquisition, 20-02-2025: Acquisition

Century Plyboards (India) Ltd. has incorporated a wholly owned subsidiary, Centuryply Furniture Fittings Limited, located in Kolkata, with an authorized share capital of ₹15 Cr and an initial paid-up capital of ₹5 Cr. This subsidiary aims to manufacture fittings and fixtures for furniture, enhancing the company’s operational capacity in this sector. Century Plyboards holds 100% equity in the new entity, having subscribed to 50,000 equity shares at ₹10 each. This strategic move is expected to bolster their market position and drive future growth in the fittings and fixtures industry.