Century Plyboards (India) Limited — Credit Ratings, 20-03-2026: Credit Rating

SES ESG rated Century Plyboards with a B+ grade (72.5), an improvement from 68.0. This reflects strong environmental performance, including Zero Liquid Discharge and 79.57% renewable energy use, plus zero fatalities. However, governance is impacted by ₹11.53 Cr in political donations for FY25, up from ₹6.00 Cr, and a combined Chairman and MD role. This rating is not an investment endorsement.