Greenpanel Industries has received requests from eight members of its promoter group to reclassify their status to public shareholders. The requests, submitted via letters dated July 15, 2026, are driven by the entities' nil shareholding and lack of involvement in the company's operations. The Board of Directors will consider these requests in its next meeting pursuant to Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015.

The applicants include individuals and entities such as Rajesh Mittal, Karuna Mittal, Sanidhya Mittal, and Rajesh Mittal & Sons HUF. Corporate entities like RS Homcon Limited, Shakuntala Safeinvest Pvt. Ltd., and RKS Family Foundation have also sought reclassification. Additionally, a request was made by Rajesh Mittal, Sanidhya Mittal, and Karuna Mittal on behalf of the Trade Combines partnership firm.

In their correspondence, the applicants confirmed they do not hold any equity shares in the company and do not exercise control over its affairs or decision-making processes. They further stated they are not represented on the Board of Directors and do not hold key managerial positions. The applicants also confirmed they are not willful defaulters or fugitive economic offenders as per Reserve Bank of India guidelines.

The reclassification process requires the applicants to comply with specific conditions under Regulation 31A(3)(b). These include maintaining a voting rights stake below ten per cent and abstaining from board representation or key managerial roles for a minimum of three years from the date of reclassification. The company will undertake the necessary steps to facilitate this change in shareholding pattern upon approval.

The intimation to the stock exchanges was made by Lawkush Prasad, Company Secretary & VP – Legal, on July 16, 2026. The filing was submitted in compliance with Regulation 31A(8)(a) of the SEBI LODR Regulations.

Greenpanel Industries Limited has filed its Business Responsibility and Sustainability Report for the financial year 2025-26 with BSE and NSE. The filing, submitted by Lawkush Prasad, Company Secretary & VP – Legal, details the company's adherence to the National Guidelines on Responsible Business Conduct (NGRBC) and its comprehensive ESG strategy. The report highlights Greenpanel's commitment to sustainable manufacturing, including 100% wood procurement from agro-forestry plantations and the implementation of Zero Liquid Discharge (ZLD) systems.

Governance and Oversight

The Board of Directors, comprising six members including four Independent Directors, oversees the company's ESG strategy. Mr. Shobhan Mittal, Managing Director & CEO, and Mr. Himanshu Jindal, Chief Financial Officer, are responsible for the implementation and oversight of the Business Responsibility policy. The company confirmed that all Independent Directors meet the criteria of independence prescribed under Section 149(6) of the Companies Act, 2013, and Regulation 16(1)(b) of the SEBI Listing Regulations. The Board meets quarterly to review progress and provide strategic direction on sustainability matters.

Environmental Performance

Greenpanel reported that exports constituted 9.63% of its total turnover for the year. The company has focused on reducing its carbon footprint by transitioning to green power procurement at its Rudrapur facility and utilizing renewable energy through the Indian Energy Exchange (IEX). Key environmental initiatives include the use of process residues like bark and wood chips as alternative fuels in the energy plant, reducing reliance on fossil fuels. The company also reported implementing energy-efficiency measures such as Variable Frequency Drives (VFDs) and LED lighting systems across its plants.

Social and Employee Welfare

The company employed a total of 1,161 employees and 659 workers as of March 31, 2026. Greenpanel maintains an Occupational Health and Safety Management System (OHSMS) certified under ISO 45001:2018. The report indicates that no female employees took maternity leave during FY 2025. The company also conducts annual medical examinations for all staff and has established a dedicated Internal Complaints Committee to address sexual harassment grievances. No complaints were reported during the financial year.

Corporate Social Responsibility

Greenpanel's CSR initiatives focused on community development in areas surrounding its operational units, including Tirupati, Rudrapur, and Dehradun. Programs included mobile health services, nutrition support for schoolchildren, skill development training for youth, and farmers' training programs in natural farming. The company reported that it did not engage in sourcing materials from vulnerable or marginalized segments during the year. The CSR Committee met three times during the year to monitor the implementation of these programs.

Financial and Regulatory Disclosures

The company confirmed full compliance with all statutory requirements and reported no instances of non-compliance. Greenpanel does not have any subsidiaries as on March 31, 2026. The report also disclosed that the company did not raise any funds through preferential issue or warrant conversion during the financial year. The voting rights on 7,346 equity shares lying in the Unclaimed Suspense Account remain frozen until claimed by the rightful owners.