Greenply Industries Limited has informed the Exchange regarding Appointment of Mr. Sanjiv Keshri as the Chief Financial Officer of the company w.e.f. July 29, 2025.
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Greenply Industries' board, at its meeting on July 29, 2025, approved the appointment of Mr. Sanjiv Keshri as the new Chief Financial Officer and Key Managerial Personnel, effective the same day. Mr. Keshri is a Chartered Accountant (2002 batch) with 23 years of experience, including 7+ years in CFO/leadership roles, and was recognized among the top 10 CFOs in manufacturing by CEO Insights in 2022. He has also been named Chief Investor Relations Officer, replacing Mr. Nitinkumar Dagdulal Kalani. Additionally, the Risk Management Committee was reconstituted with Mr. Manoj Tulsian as Chairman, and the board approved a corporate guarantee of up to INR 26.50 crores in favour of a bank for credit facilities to be availed by its wholly owned subsidiary, Greenply Speciality Panels Pvt. Ltd., for PVC product capital expenditure.
The appointment of a seasoned CFO with strong fundraising, treasury, and M&A experience is a positive signal for financial discipline and capital strategy. The corporate guarantee to the wholly owned subsidiary is for growth capex in PVC products and will have no impact on consolidated financials, though it will be reported as a contingent liability.