The Indian Wood Products Company Ltd — Updates, 26-05-2025: Company Update

The Indian Wood Products Co. Ltd. submitted its Annual Secretarial Compliance Report confirming general adherence to applicable laws and regulations. Two fines were imposed for committee constitution lapses: INR 120 for falsely showing a committee Chairperson status (applied for waiver) and INR 59,000 for a delay in appointing an independent director on the nomination and remuneration committee (fine paid). The company clarified these were unintended, procedural oversights without deliberate non-compliance. All other compliance areas including policy adoption, disclosures, insider trading norms, and performance evaluations are in order, supporting governance stability and transparency for shareholders.