Greenpanel Industries shareholders approved a special resolution to amend its Articles of Association (AoA) during the 9th Annual General Meeting held on August 7, 2026, enabling the payment of remuneration to independent directors that exceeds statutory limits. The amendment, which substitutes existing Article 58(17), allows the Board to determine remuneration in any form or proportion permissible under the Companies Act, subject to member approval under Sections 149, 197, and 198 read with Schedule V. This governance change provides greater flexibility in compensating independent directors while maintaining shareholder oversight.

The meeting also saw the approval of a dividend of ₹0.50 per equity share and the re-appointment of Shobhan Mittal as Managing Director. Conducted via Video Conferencing/Other Audio-Visual Means (VC/OAVM), the AGM commenced at 11:00 A.M. and concluded at 12:14 P.M., with 73 members in attendance. Shiv Prakash Mittal, Whole-time Director & Executive Chairman, chaired the proceedings, recusing himself only from the re-appointment vote where Mahesh Kumar Jiwrajka assumed the chair. Statutory Auditors M/s. S S Kothari Mehta & Co LLP and Secretarial Auditor M/s. P. Sarawagi & Associates were present, confirming no qualifications in their respective reports.

Key Resolutions Passed

Shareholders voted on five items using remote e-voting facilities open from August 4, 2026, to August 6, 2026. All resolutions were passed with the following outcomes:

Governance Implications

The new Article 58(17) explicitly states that independent directors are not entitled to stock options but may receive sitting fees and expense reimbursements. Crucially, it permits the Board, based on Nomination and Remuneration Committee recommendations, to pay remuneration exceeding the limit prescribed under Section 197(1) of the Companies Act, provided such amounts are approved by members. This aligns with broader regulatory frameworks under Sections 149, 197, and 198. Company Secretary Lawkush Prasad confirmed the intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transcript of the AGM will be uploaded to the company’s website, with voting results filed upon receipt of the scrutinizer’s final report.

Greenpanel Industries will host a conference call for investors and analysts on Tuesday, August 11, 2026, at 2:30 p.m. IST to discuss its unaudited financial results for the quarter ended June 30, 2026. The event provides stakeholders with an opportunity to review the company's performance for Q1FY27 and seek clarifications on operational metrics. This disclosure ensures timely communication of financial outcomes to the market.

The company notified the Bombay Stock Exchange and the National Stock Exchange of India Limited regarding the schedule on August 3, 2026. The filing confirms that the results pertain to the first quarter of the fiscal year ending March 31, 2027. Management has arranged the call to comply with regulatory requirements for disseminating quarterly financial information.

Shobhan Mittal, Managing Director, and Himanshu Jindal, Chief Financial Officer, will represent Greenpanel Industries during the session. Their participation allows investors to gain direct insights into the strategic direction and financial health of the business. The leadership team is expected to address questions related to revenue generation, cost management, and future outlook.

Participants can join the conference through multiple access points designed for global convenience. The primary dial-in number is +91 22 6280 1141/7115 8042. International participants may use local access numbers provided for Hong Kong, Singapore, the UK, and the USA. A DiamondPass™ link is also available for express entry without wait times.

Conference Call Details

For further information, Ashish Kapur, DGM Finance & Accounts, serves as the contact person for Greenpanel Industries. Konpal Pali from CDR India acts as the intermediary for investor relations coordination.