Board Meeting28 Apr 2026, 04:10 pm
Greenply recommends ₹0.50 dividend, invests in JV, CEO resigns
AI Summary
Greenply Industries' Board approved the re-appointment of Ms. Vinita Bajoria as an Independent Director for five years, subject to shareholder approval. The Board also sanctioned further investment by subscribing to 1.5 crore equity shares of ₹10 each in its Joint Venture, Greenply Samet Private Limited. A final dividend of ₹0.50 per equity share for FY 2025-26 was recommended, with August 4, 2026, set as the record date, pending shareholder approval at the upcoming AGM. Additionally, the Board noted the resignation of Mr. Manoj Tulsian as Joint Managing Director and CEO, effective April 30, 2026; he will transition to an advisory role.
Key Highlights
- Board recommended ₹0.50 final dividend for FY26, record date Aug 4, 2026.
- Approved subscription of 1.5 Cr shares in JV Greenply Samet Private Limited.
- Ms. Vinita Bajoria re-appointed as Independent Director for five years.
- Mr. Manoj Tulsian resigned as Jt. MD & CEO, effective April 30, 2026.