Greenpanel Industries Limited has provided additional documentation to BSE Limited regarding the resignation of a senior management personnel, addressing an inadvertent omission in its earlier regulatory filing.

Regulatory Compliance Update

The company submitted the additional details on March 13, 2026, in response to BSE's email dated March 11, 2026, requesting complete disclosure information. The original resignation disclosure was filed on March 4, 2025, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, but the actual resignation letter was inadvertently not included in the submission.

Senior Management Personnel Details

The resignation pertains to Mr. Sunil Singh, who held the position of President Sales and was classified as Senior Management Personnel. The key details of his departure are presented below:

Corporate Governance Commitment

The company has acknowledged the importance of timely and complete disclosures in its communication to BSE. Lawkush Prasad, Company Secretary & VP – Legal, emphasized that the omission was purely inadvertent and not intended to withhold any material information. The company has reaffirmed its commitment to upholding the highest standards of corporate governance and regulatory compliance.

Documentation Process

The resignation process was initiated through the company's HRMS system on March 1, 2025, with internal notifications sent to relevant HR personnel and management. The employee completed the standard 60-day notice period without any shortfall days, with his last working day scheduled for April 30, 2025.

The company has now provided the complete documentation to BSE, including the previously omitted resignation letter, ensuring full compliance with regulatory disclosure requirements.

Greenpanel Industries Limited has disclosed to stock exchanges that the Income Tax Department conducted comprehensive search proceedings at multiple company locations and associated premises from February 26, 2026 to March 2, 2026. The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Search Operation Details

The Income Tax Department's search operations spanned multiple days and locations, commencing at 6:25 AM on February 26, 2026 and concluding at 7:00 PM on March 2, 2026 at the company's registered office. The search was conducted by the Deputy/Assistant Director of Income Tax (Investigation), New Delhi.

Locations Covered

The search proceedings encompassed seven distinct locations, including the company's registered office, other offices, plant locations, and residences of a promoter and an ex-employee:

• DLF Downtown, Block 3, 1st Floor, DLF Phase 3, Sector 25A, Gurugram, Haryana – 122002
• Thapar House, 2nd Floor, 163, S.P. Mukherjee Road, Kolkata - 700026
• Plot No. 2, Sector 9, IIE, Pant Nagar, SIDCUL, Rudrapur, Udham Singh Nagar, Uttarakhand – 263153
• Survey No. 97/1, 98/1, 99/1, Routhusuramala, Srikalahasti, Thottambedu, Tirupati - 517642
• 10, Maulsari Avenue, Westend Green Farms, Rajokri, Southwest Delhi – 110038
• Flat No. 2NW, 2nd Floor, 5, Queens Park, Ballygunge, Kolkata – 700019
• Diamond City South, Tower – 4, Flat – 7D/7E, 58, M.G. Road, Karunamoyee, Paschim Putiari, Kolkata - 700041

Documents and Data Seizure

During the course of the search proceedings, the Income Tax authorities seized certain books of accounts, documents, and digital data from the searched premises. The company has emphasized its full cooperation with the Income Tax authorities throughout the entire process.

Current Status and Impact

Greenpanel Industries has provided mandatory disclosures as required under SEBI regulations, stating that specific details regarding violations or contraventions cannot be ascertained at this point in time. Similarly, the financial impact of these proceedings is not quantifiable at present.

The company has fulfilled its regulatory obligations by informing both BSE Limited and National Stock Exchange of India Limited about these developments through proper channels and documentation as mandated under SEBI disclosure requirements.