Century Plyboards independent director faces corruption probe

Century Plyboards (India) Limited [BSE: 532548] disclosed that a special court has directed the Anti-Corruption Bureau (ACB) in Mumbai to register a First Information Report (FIR) against individuals, including independent director Mr. Pramod Agrawal. The allegations relate to stock market fraud and regulatory violations during Mr. Agrawal’s tenure as ex-chairman of the Bombay Stock Exchange (BSE). Century Plyboards stated the company is not a party to the proceedings and anticipates no impact on its operations. The company assures stakeholders of its commitment to compliance and transparency, promising further updates as developments occur. The firm maintains that the alleged irregularities are unrelated to the company's current operations.