Greenply Industries Limited has informed the Exchange regarding Outcome of Board Meeting (Other Agenda) held on April 28, 2026.
GREENPLY · price
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Greenply Industries' Board approved five key items at its April 28, 2026 meeting. Most significantly, Mr. Manoj Tulsian tendered his resignation as Joint Managing Director & Chief Executive Officer, effective April 30, 2026, citing personal reasons; he will stay on as an advisor. The Board also re-appointed Ms. Vinita Bajoria as Independent Director for another five-year term (Sept 2026 to Sept 2031), pending shareholder approval. Additionally, the company approved subscribing to 1.5 crore equity shares worth Rs. 15 crore in joint venture Greenply Samet Private Limited (GSPL), which makes furniture hardware and has been loss-making. A final dividend of Rs. 0.50 per share (50% on Rs. 1 face value) was recommended, with August 4, 2026 as the record date.
The CEO's departure creates a leadership vacuum that will need immediate attention. While the dividend and independent director re-appointment signal stability, investors will closely watch for the new CEO appointment and any impact on GSPL's turnaround plan.