A Special Court designated under the Prevention of Corruption Act, 1988, has directed the Anti-Corruption Bureau (ACB), Mumbai, to register a First Information Report (FIR) against multiple individuals, including Pramod Agrawal, an independent director on the board of Century Plyboards (India) Ltd.
The directive comes in response to a complaint alleging stock market fraud and regulatory violations.
Agrawal, who previously served as chairman of the Bombay Stock Exchange (BSE), faces accusations linked to his tenure at the exchange. Century Plyboards has clarified that it is neither a party to the case nor expects any impact from the proceedings.
The company stated it became aware of the development through publicly available information and reaffirmed its commitment to compliance with regulatory norms.
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The ACB has been tasked with investigating alleged irregularities, though specific financial implications remain undetermined. The company assured stakeholders that it would monitor the situation and provide updates as required under SEBI’s disclosure norms.
Shares of Century Plyboards (India) Ltd were trading at ₹717.70, down 0.54% from the previous close at 02:00 PM, after touching an intraday low of ₹687.15 on the BSE.
