ECOBOARD INDUSTRIES LTD.: A Strategic Leap Forward

In a significant development for Ecoboard Industries Limited, a company renowned for its innovative production of plain and prelaminated particle boards, the firm has recently secured two substantial work orders, signaling a robust expansion in its operations. These orders, disclosed under Regulation 30 of SEBI (LODR) Regulations, 2015, underscore the company’s growing influence in both the particle board and biogas sectors.

On August 14, 2025, Ecoboard Industries Limited announced the receipt of a work order from Kaligiri Renewable Energy Private Limited, valued at Rs. 2250.00 Lakh, excluding GST. This order pertains to a 12 TPD CBG (Cultivated Biomass Gas) Plan, marking a significant stride in the company’s foray into the biogas industry. This development not only diversifies Ecoboard’s portfolio but also aligns with global sustainability trends, positioning the company as a forward-thinking player in renewable energy solutions.

Simultaneously, Ecoboard has also been awarded a work order by Athani Sugars Limited, amounting to Rs. 440.00 Lakh, excluding GST. This order involves the design, engineering, supply, and fabrication of unspecified components, further cementing Ecoboard’s reputation for versatility and innovation in manufacturing.

These strategic acquisitions come at a pivotal moment for Ecoboard Industries Limited, which is listed on the Bombay Stock Exchange Ltd. The company’s market capitalization stands at 497,334,469 INR, with a close price of 27.89 INR as of August 12, 2025. Despite fluctuations in its stock price, with a 52-week high of 42.46 INR and a low of 18.5 INR, these new contracts are likely to bolster investor confidence and potentially drive the stock price upward.

In addition to these business developments, Ecoboard Industries Limited has undergone a significant change in its executive leadership. Mr. Praveen Kumar Raju Gottumukkala has been elevated from Director to Whole-Time Director and CFO, a move that promises to bring fresh strategic insights and financial acumen to the company’s leadership team. This change follows an inadvertent delay in the renewal of his term, attributed to unforeseen circumstances such as the resignation of the previous Company Secretary and ongoing office renovations.

Furthermore, the company has disclosed the unaudited financial results for the quarter ended June 30, 2025, as part of its regulatory obligations. While specific financial details were not provided in the disclosures, the announcement of these results is a testament to Ecoboard’s commitment to transparency and regulatory compliance.

As Ecoboard Industries Limited continues to navigate the complexities of the manufacturing and renewable energy sectors, these recent developments highlight the company’s strategic agility and its potential for sustained growth. Investors and industry observers will undoubtedly keep a close watch on how these new ventures and leadership changes unfold, shaping the future trajectory of this dynamic enterprise.