CENTURY PLYBOARDS (I) LTD. - Announcement under Regulation 30 (LODR)-Acquisition

This is to inform you that the Company at its Board meeting held on 9th February, 2021 has approved a proposal to acquire 19,95,000 shares of Rs. 10 each constituting 39.94% of the share capital of its subsidiary company 'Century Infotech Limited' ('CIL') from other shareholders. <BR> <BR> Upon completion of this acquisition, CIL would become a a wholly-owned subsidiary of the Company. Further, acquisition of these shares would be made at a price not exceeding the value determined by an Independent Valuer.<BR>