Announced Fri, 7 Aug · 18:30 IST
Greenpanel shareholders approve amendment to Articles of Association
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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+1.0-1.2-0.3-0.6-5.1-8.6-11.0-9.4-12.4-16.1-19.0-17.3——
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AI summary
Shareholders at Greenpanel Industries' 9th AGM on August 7, 2026 approved amending Article 58(17) of the Articles of Association. The new article clarifies that Independent Directors cannot receive stock options but may get sitting fees, expense reimbursement, and remuneration as recommended by the Nomination and Remuneration Committee. Remuneration may exceed Section 197(1) limits subject to shareholder approval under Sections 149, 197, 198 and Schedule V of the Companies Act.
Likely market impact
No direct material impact on shareholders; aligns Independent Director pay rules with Companies Act provisions.