Mumbai, Feb. 21 -- CFFL has been established as a 100% wholly owned subsidiary, with an initial subscription of 50,000 equity shares priced at Rs 10 each. The company received approval from the Registrar of Companies, Central Registration Centre, Ministry of Corporate Affairs, on 18 February 2025. The authorized share capital stood at Rs 15,00,000, with a paid-up share capital of Rs 5,00,000.

As a wholly owned subsidiary, CFFL qualifies as a related party to Century Plyboards. However, the initial subscription amount does not fall under the category of related party transactions. Furthermore, the promoters and promoter group of Century Plyboards do not have any personal interest in CFFL.

Century Plyboards (India) is a manufacturer and d...