Greenpanel Industries experienced a significant boost in its stock performance on Thursday, September 11, with shares soaring 13% in a single trading session. This marked the fourth consecutive day of gains for the company and represented the largest single-day increase since November 2019.

Record Trading Volumes

The stock witnessed unprecedented trading activity, with approximately 1.5 crore shares changing hands during the session. This volume surge far exceeded the 20-day average of 65,000 shares, indicating heightened investor interest in the company.

Technical Breakout

Greenpanel Industries' stock price broke above key technical levels, surpassing both its 50-day moving average of ₹283.00 and its 200-day moving average of ₹290.00. The shares reached ₹321.00, signaling a potential shift in market sentiment.

Year-to-Date Performance

Despite the recent rally, it's worth noting that Greenpanel Industries' shares remain down 18% year-to-date. This follows a 12% decline in the previous year, highlighting the stock's volatile performance over the past two years.

Technical Indicators

The Relative Strength Index (RSI) for Greenpanel Industries reached 73, indicating overbought conditions. This suggests that the stock may be due for a short-term pullback or consolidation.

Analyst Recommendations

Among the 20 analysts covering Greenpanel Industries:

This mixed sentiment among analysts reflects the diverse opinions on the company's future prospects.

Conclusion

The sudden surge in Greenpanel Industries' stock price and trading volumes has caught the attention of market participants. While the technical breakout and consecutive days of gains are positive signs, investors should also consider the stock's year-to-date performance and the current overbought conditions indicated by the RSI. As always, it's advisable to conduct thorough research and consider multiple factors before making investment decisions.

Greenpanel Industries has taken steps to rectify an inadvertent omission in its regulatory filings by submitting the resignation letter of its Chief Information Officer (CIO), Jayanta Bhowmik, to the stock exchange. This move underscores the company's commitment to maintaining transparency and adhering to corporate governance standards.

Details of the Resignation

Jayanta Bhowmik's resignation from the position of CIO at Greenpanel Industries was effective from August 7, 2025. The company had previously disclosed this information to the exchanges on July 30, 2025, and August 8, 2025. However, the submission of the actual resignation letter was overlooked in these communications.

Timeline of Events

• December 26, 2022: Jayanta Bhowmik joined Greenpanel Industries
• May 29, 2025: Bhowmik submitted his resignation, citing better career opportunities
• July 30, 2025: Initial disclosure of resignation to stock exchanges
• August 7, 2025: Effective date of Bhowmik's resignation
• August 8, 2025: Second disclosure to stock exchanges

Company's Response

Greenpanel Industries emphasized that the omission of the resignation letter in previous communications was purely inadvertent. The company reaffirmed its dedication to regulatory compliance and upholding high standards of corporate governance.

Departure Process

According to the company's internal records, Jayanta Bhowmik completed a 60-day notice period following his resignation, with no shortfall in the required notice time. This orderly transition suggests a smooth handover of responsibilities within the company's information technology department.

The prompt action taken by Greenpanel Industries to address this oversight demonstrates the company's responsiveness to regulatory requirements and its commitment to keeping shareholders and the market informed of significant personnel changes within its executive ranks.