Greenply Industries has officially confirmed the schedule for its 36th Annual General Meeting (AGM) through a public notice published in Business Standard and Aajkal on August 1, 2026. The meeting is set for Tuesday, August 25, 2026, at 11:00 a.m. IST and will be conducted via Video Conferencing/Other Audio Visual Means (VC/OAVM). Shareholders will vote on a final dividend of Re.0.50 per share for FY26 and key board appointments, including the re-appointment of Ms. Vinita Bajoria and the appointment of Mr. Girish Kulkarni as independent directors.

The public notice, filed with BSE Limited and National Stock Exchange of India Limited, reaffirms that the dividend record date is fixed at August 4, 2026. Payments will be made electronically to shareholders who have updated their bank details with Depository Participants or the Registrar and Share Transfer Agent (RTA), M/s. S. K. Infosolutions Pvt. Ltd. Failure to comply with Know Your Customer (KYC) norms may result in withheld dividends. The company emphasized that unclaimed dividends are subject to transfer to the Investor Education and Protection Fund (IEPF), with 44,035 equity shares currently held in the IEPF demat account as of March 31, 2026.

Board Restructuring and Appointments

The AGM agenda includes special business resolutions for board restructuring. Ms. Vinita Bajoria, an MBA from ICFAI and Harvard Business School, seeks re-appointment as an Independent Director for a second five-year term starting September 15, 2026. Her appointment ensures statutory compliance regarding independent woman directors. During FY25-26, she received ₹12,00,000 in sitting fees and ₹15,00,000 in annual commission.

Mr. Girish Kulkarni, appointed as an Additional Director effective July 24, 2026, requires shareholder approval for his formal five-year term. He brings over four decades of experience from the insurance sector, having served at Dai-Ichi Life, Star Union Dai-Ichi Life Insurance, and SBI Life. Additionally, Mr. Sanidhya Mittal retires by rotation but offers himself for re-appointment. His remuneration includes a basic salary of ₹10,00,000 per month and a commission not exceeding 1.5% of net profit.

E-Voting and Meeting Logistics

Shareholders holding shares as of the cut-off date, August 18, 2026, are eligible to vote. Remote e-voting will be available from August 21, 2026, at 10:00 a.m. IST to August 24, 2026, at 5:00 p.m. IST. Central Depository Services (India) Limited (CDSL) has been engaged as the e-voting agency, with EVSN 260730008. Mr. Dilip Kumar Sarawagi of M/s. DKS & Co. has been appointed as the Scrutinizer to ensure a fair voting process.

The company has complied with SEBI Listing Regulations and Ministry of Corporate Affairs (MCA) circulars by sending electronic notices on July 31, 2026. Physical copies were dispatched only to shareholders without registered email addresses. Shareholders are advised to update their contact details to avoid missing critical communications or dividend payments.

Greenply Industries Limited has published its Business Responsibility and Sustainability Report (BRSR) for the financial year April 1, 2025 to March 31, 2026. The standalone report discloses the company’s adherence to the nine National Guidelines on Responsible Business Conduct (NGRBC), highlighting a turnover of ₹2,022.41 crores and net worth of ₹897.88 crores. The filing provides comprehensive data on environmental stewardship, workforce well-being, and governance frameworks, reinforcing its commitment to sustainable growth in the wood-based products sector.

Operational and Financial Overview

Greenply’s operations are split between manufacturing (55.35% of turnover) and trading (44.65%). The manufacturing segment produces plywood, blockboards, decorative veneers, flush doors, and allied products, while the trading segment handles similar items along with Polyvinyl Chloride (PVC) products. The company operates three manufacturing plants and 60 offices across India, serving customers in 28 states and six Union Territories. Exports to four countries contribute approximately 0.10% of total revenue.

Workforce Composition and Well-Being

As of March 31, 2026, the company employed 1,589 employees and 3,030 workers. Women constitute 3.52% of total employees and 19.21% of total workers. The Board of Directors includes one female director, representing 16.66% of the board. Well-being expenditure rose to 0.22% of total revenue in FY2026 from 0.17% in FY2025. All permanent employees and workers are covered under Provident Fund with 100% timely deposits.

Environmental Stewardship

Greenply has implemented Zero Liquid Discharge (ZLD) systems across its facilities. Wastewater is treated via in-house Effluent Treatment Plants (ETP) and Sewage Treatment Plants (STP) and recycled for operational use. Total water withdrawal increased significantly to 1,79,725 kilolitres in FY2026 from 41,060 kilolitres in FY2025, resulting in a water intensity per rupee of turnover of 0.89 compared to 0.22 in the previous year. The company holds ISO 50001:2018 for energy management and ISO 14001:2015 for environmental management. Scope 3 GHG emission inventory remains undeveloped.

Sustainable sourcing accounts for 36% of inputs from FSC-certified imported sources, 34% from MSMEs, and 30% from local agroforestry. All timber is sourced through agroforestry to prevent deforestation, and wood waste is utilized as biomass fuel in boilers.

Governance and Compliance

The company’s policies cover all nine NGRBC principles and have been approved by the Board or relevant committees. No fines or penalties breaching materiality thresholds under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 were imposed during FY2025-26. There were no complaints related to conflict of interest, bribery, corruption, sexual harassment, child labour, or data privacy in FY2026. Days of accounts payables increased to 99 in FY2026 from 83 in FY2025. Gross wages paid to females as a percentage of total wages rose to 7.27% from 4.68% in FY2025.

CSR Initiatives

CSR activities aligned with Sustainable Development Goals (SDGs) included sponsoring girl child education, healthcare through Mobile Medical Vans, eye check-up camps, plantation activities, and vocational skill development for carpenter communities. Mr. Rajesh Mittal, Chairman cum Managing Director, oversees business responsibility policies and sustainability decision-making.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE461C01038/1d15129b78df4a5c.pdf