The Indian Wood Products Company Ltd — Board Meeting, 29-05-2025: Board Meeting

The Indian Wood Products Co Ltd has announced a board meeting on May 29, 2025, approving the financial results for the quarter and half-year. The company reported consolidated revenue from operations of Rs. 225.81 Cr and a consolidated net profit after tax of Rs. 5.20 Cr for the year ended March 31, 2025, up from Rs. 3.66 Cr the previous year. The board has recommended a final dividend of Re. 0.15 per equity share of Rs. 2 each, subject to shareholder approval. Mr. Surendra Bagri is reappointed as an Independent Director for five years pending approval. M/s RK DS & Associates and M/s M Shahnawaz & Associates were appointed as Internal Auditor and Secretarial Auditor, respectively. The company plans to invest Rs. 2.66 Cr to set up a 1 MW solar power plant at its Bareilly factory, targeting annual savings of Rs. 60 lakh in electricity costs, supporting sustainability and lowering operating expenses.