Greenpanel Industries announced that Prakash Rameshbhai Tripathi, Chief Sales Officer and Senior Management Personnel, has resigned from his position. The resignation is effective from the close of business hours on November 5, 2026, citing personal reasons.

The company filed this intimation with BSE and NSE pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing confirms that Tripathi’s services will cease on the specified date following the acceptance of his resignation by the management.

Transition and notice period details

Internal communications indicate that Tripathi submitted his resignation on October 15, 2026. The standard notice period required for his role was 60 days. However, the actual notice period served is 22 days, resulting in a shortfall of 38 days. The company acknowledged receipt of the resignation through its HRMS system and confirmed the relief date.

Regulatory compliance

The company stated that requisite details regarding the change in Senior Management Personnel were disclosed in compliance with Regulation 30(6), read with Para A(7) and A(7C) of Part A of Schedule III to the SEBI LODR Regulations, 2015. This also aligns with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Lawkush Prasad, Company Secretary and Compliance Officer, signed the digital submission confirming the board's acceptance of the resignation and the subsequent relief of duties.

Bandhan Mutual Fund acquired 4,50,000 equity shares of Greenpanel Industries in the open market on September 1, 2026.

The acquisition increased the mutual fund's total holding to 7.51% of the company's paid-up capital. This rise triggered a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as the stake increased by more than 2% from the last reported level.

Holding Details

Prior to this transaction, Bandhan Mutual Fund held 87,63,954 shares, representing 7.15% of the voting capital. The fund had previously reported a holding of 5.15% on April 19, 2024.

The acquisition was executed through open market purchases. There were no warrants, convertible securities, or encumbrances associated with these holdings. The total equity share capital of Greenpanel Industries remained unchanged at Rs. 12,26,27,395.