Century Plyboards has announced the re-appointment of Shri Sanjay Agarwal as CEO and Managing Director, and Shri Ajay Baldawa as Executive Director (Technical), each for a further term of five years commencing July 1, 2026. The decision, made at a Board meeting on February 4, 2026, is subject to shareholder approval. This signals continuity in leadership as the company pursues its growth objectives.
Leadership Continuity Confirmed
At a meeting held on February 4, 2026, the Board of Directors of Century Plyboards (India) Limited approved the re-appointment of key executives, ensuring stability and continued strategic direction for the company. This decision reflects the Board’s confidence in the current leadership and their ability to drive future growth.
Re-appointment Details
The approved re-appointments are as follows:
- Shri Sanjay Agarwal (DIN: 00246132) will continue as CEO and Managing Director for another five years, effective July 1, 2026. His present term expires on June 30, 2026.
- Shri Ajay Baldawa (DIN: 00472128) has been re-appointed as Executive Director (Technical) for a similar five-year term, also effective July 1, 2026, succeeding his current term expiring on June 30, 2026.
Confirmation and Further Details
The company confirms that both Directors are not debarred from holding their positions by any regulatory authority. The re-appointments are subject to shareholder approval. Further details are available in the annexure attached to the official letter.
Directors’ Profile
Shri Sanjay Agarwal, aged 64, is an Indian national with 38 years of experience in marketing and sales promotion. He was first appointed on January 5, 1982, and holds 2,49,30,460 equity shares in the company. He is related to Smt. Nikita Bansal, Executive Director.
Shri Ajay Baldawa, aged 68, is an Indian national with 43 years of experience in production and technical roles. His initial appointment date was February 23, 1994, and he holds 75,000 equity shares in Century Plyboards.
Source: BSE
