Announced Fri, 7 Aug · 18:32 IST
Greenpanel Industries amends AOA on independent director remuneration
GREENPANEL · price
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Price reaction · full curve 14 horizons · vs prior close
-5.1%1-day move
₹192.90
prior close
₹192.03
base price
After-mkt
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AI summary
Greenpanel Industries shareholders approved an amendment to Article 58(17) of the Articles of Association at the 9th AGM held on August 7, 2026. The new article clarifies that Independent Directors cannot receive stock options and may receive sitting fees plus remuneration as approved by members, which may exceed the limit under Section 197(1) of the Companies Act subject to member approval per Sections 149, 197, 198.
Likely market impact
Routine governance update clarifying remuneration rules for Independent Directors. No material financial impact on shareholders expected.