Greenply Industries Limited has informed the Exchange regarding Change in Director(s) of the company.
GREENPLY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Greenply Industries' board has approved the re-appointment of Mr. Rajesh Mittal as Chairman cum Managing Director for a further 5-year period, from January 1, 2026 to December 31, 2030, subject to shareholder approval via postal ballot (cut-off date November 24, 2025). Mr. Mittal has been with the company since inception and brings over 37 years of experience across factory operations, finance, sales and marketing. A separate board approval was given for granting an unsecured loan of up to Rs. 15 crore to its wholly owned subsidiary, Greenply Speciality Panels Private Limited, to support working capital needs. The loan is repayable on demand and priced at the company's borrowing cost plus 1% or Repo Rate plus 2%, whichever is higher, on an arms' length basis.
The re-appointment ensures leadership continuity at the top with an experienced promoter-family director, which is generally viewed positively for strategic stability. The Rs. 15 crore inter-corporate loan to a wholly owned subsidiary is a routine related-party transaction and unlikely to materially impact shareholders.