Greenply Industries Limited has informed the Exchange that Record date for the purpose of Dividend is 04-Aug-2026.
GREENPLY · price
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Greenply Industries' Board approved four key items on April 28, 2026. First, Ms. Vinita Bajoria was re-appointed as Independent Director for five years (Sept 2026-Sept 2031), pending shareholder approval at the AGM on August 25, 2026. Second, the company approved investing Rs. 15 crore in its 50-50 joint venture Greenply Samet Private Limited (GSPL) for CAPEX and working capital; GSPL reported losses of Rs. 50.47 crore in FY26 despite total income of Rs. 44.27 crore. Third, a final dividend of Rs. 0.50 per share was recommended with record date August 4, 2026. Fourth, Mr. Manoj Tulsian resigned as Joint Managing Director and CEO effective April 30, 2026, citing personal reasons; he will serve as an advisor post-resignation.
The sudden resignation of the CEO creates leadership uncertainty in the near term, though the advisor role may provide continuity. The dividend signals financial health while the JV investment reflects commitment to the furniture hardware business despite its current losses.