Greenpanel Industries Limited has scheduled its 9th Annual General Meeting for August 7, 2026, at 11:00 A.M. IST via video conferencing. The Board of Directors has recommended a dividend of ₹0.50 per equity share for the financial year ended March 31, 2026, subject to the approval of shareholders. Shareholders as of July 31, 2026, are eligible to vote and receive dividends.

The company reported a net loss of ₹29.13 crore for FY26, compared to a profit after tax of ₹72.11 crore in the previous year. Revenue from operations grew 7.22% to ₹1,539.37 crore from ₹1,435.77 crore in FY25. The decline in profitability was attributed to adverse exchange rate movements on EURO-denominated borrowings, which impacted the bottom line by ₹49.06 crore, along with initial inefficiencies during the stabilization of the new line at Andhra Pradesh and higher interest and depreciation expenses.

Business Agenda

The Ordinary Business includes the adoption of audited financial statements for FY26, the declaration of dividend, and the re-appointment of Mr. Shobhan Mittal, Director, who retires by rotation. Special Business encompasses altering the Articles of Association to facilitate remuneration for Independent Directors in the absence of profits and approving the specific remuneration structure.

Financial Context

The proposal for Independent Director remuneration follows the reported net loss. The Board has approved remuneration of ₹5 Lakhs per Independent Director for FY26, subject to the approval of the Members at the ensuing Annual General Meeting. The company stated the remuneration is commensurate with industry standards and the directors' contributions.

Meeting Details

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.