Duroply Industries Ltd

Duroply Industries Limited was formerly incorporated as 'Sarda Plywood Industries Private Limited' on June 26, 1957. The Company became Public Limited, changing its name to Sarda Plywood Industries Limited on March 30, 1974. Later, the name of the Company was changed to Duroply Industries Limited on December 13, 2018. The Company manufactures water plywood, special decorative plywood and plywood products. It diversified into manufacturing special woolpack, high-density polyethylene (HDPE) bags by setting up a 100% EOU with a buy-back agreement with Elders, Australia. The company has signed an MoU with the West Bengal Industrial Development Corporation and Punjab Agro Industries Corporation to set up a medium-density fibre plant and particle board plant. It also envisages a foray into the manufacture of polypropylene non-woven fabric (with German collaboration) and ceramic tiles. The Brought Leaf Tea Processing Factory set up at Jeypore (Assam) has started commercial production w.e.f. 19.03.98 and the tea produced was well accepted by the market. The Company initiated operations in tea chest manufacturing in Jeypore, Assam. It commissioned a manufacturing facility in Rajkot in 1999. The total installed capacity of Tea as on 30.09.2001 was 16 Lakhs Kgs. During year 2007, the Company started plywood manufacturing activities at Makum (Assam) and Rajkot (Gujarat) with effect from 16th August 2006 and 1st' April 2007 respectively. It started the production of newly plywood manufacturing unit at Jeypore, Assam in 2010. P S Plywood Products Pvt. Ltd. got amalgamated with the Company effective in August, 2018 and accordingly, all the assets and liabilities of P S Plywood Products Pvt. Ltd. were transferred to the Company from that date. Further, the Company allotted 19,42,857 Equity Shares of Rs. 10/- each of the Company to the shareholders of P. S. Plywood Products Private Limited subsequent to the Scheme of Amalgamation at 2:7 ratio i.e. 2 equity shares of Rs. 10/- each of the Company for every 7 equity shares of Rs. 10/- each of P. S. Plywood Products Private Limited. During year 2021, the Company got into business transfer agreement with Teloijan Techno Agro Limited and divested its Tea Processing Business by way of slump sale on going concern basis. The Company launched Duro Advantage - 9x Safety, standardising premium product safety across the portfolio in FY25.