Greenply Industries Limited has informed the Exchange regarding Outcome of Board Meeting held on July 29, 2025.
GREENPLY · price
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Greenply Industries' board, at its July 29, 2025 meeting, appointed Mr. Sanjiv Keshri as the new Chief Financial Officer and Key Managerial Personnel, effective the same day. Mr. Keshri, a Chartered Accountant (2002 batch) with 23 years of experience including 7+ years in CFO/leadership roles, also takes over as Chief Investor Relations Officer from Mr. Nitinkumar Dagdulal Kalani. The board also reconstituted the Risk Management Committee, which now includes the new CFO as a member. Additionally, the company approved a corporate guarantee of up to INR 26.50 crores in favour of a bank for credit facilities to its wholly owned subsidiary, Greenply Speciality Panels Pvt. Ltd., to fund capital expenditure for PVC products.
The new CFO appointment brings experienced financial leadership, while the corporate guarantee supports the subsidiary's PVC expansion plans; since the subsidiary is fully owned, its financials will be consolidated, meaning limited standalone impact but a modest increase in contingent liabilities for the parent.