Greenply industries has announced a key leadership appointment, naming Mr. Kunal Handa as Chief Information Officer and Senior Management Personnel effective March 13, 2026. The appointment was formalized through a Board of Directors' Circular Resolution passed on March 11, 2026, following the recommendation of the company's Nomination and Remuneration Committee.

Appointment Details

The company has informed stock exchanges about this senior management appointment in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The following table summarizes the key appointment details:

Professional Background

Mr. Kunal Handa is described as a capable and dynamic professional with strong expertise in sales, logistics, and operational technology ecosystems. He maintains a cost-conscious approach toward IT investments with a focus on measurable return on investment. Originally from Delhi, he is currently based in Mumbai.

Technical Expertise

Mr. Handa brings extensive experience across multiple enterprise technology platforms:

• SAP HANA implementation and management
• Warehouse Management Systems (WMS)
• Transport Management Systems (TMS)
• Data analytics solutions including CFO and CEO dashboards using Power BI
• Low-code and no-code platforms

Previous Experience at Eureka Forbes

At Eureka Forbes, Mr. Handa demonstrated his ability to bridge technology and business operations. He partnered closely with sales and operations teams to deploy Service Technicians Application and CRM solutions, which enhanced service efficiency and customer engagement.

Key Project Leadership

Mr. Handa was part of the core team that developed the One Retail Platform, a comprehensive solution that integrated multiple systems:

This integrated platform enabled end-to-end sales visibility, improved workforce productivity, and facilitated better data-driven decision-making across the organization.

Strategic Impact

The appointment of Mr. Handa as Chief Information Officer reflects Greenply Industries' commitment to strengthening its technology leadership and digital transformation initiatives. His proven track record in implementing enterprise technology solutions and his focus on ROI-driven IT investments align with the company's operational excellence objectives.

Greenply Industries has officially disclosed that the Income Tax Department conducted search and seizure operations at multiple company locations from February 26 to March 2, 2026. The company informed stock exchanges about the regulatory action through a formal intimation under SEBI Listing Regulations.

Search Operation Details

The Income Tax Department's search and seizure operations covered several locations including the company's registered office, manufacturing units, and the residence of promoters and executives. The operations also extended to the manufacturing unit of Greenply Sandila Private Limited, a wholly-owned subsidiary of the company.

Company Response and Cooperation

Greenply Industries stated that it extended full cooperation with the Income Tax authorities throughout the search process. The company responded to all clarifications and provided details sought by the tax officials during the proceedings.

Regulatory Compliance Details

The company filed the mandatory disclosure under Regulation 30 of SEBI Listing Regulations, providing specific details about the search operations:

Business Operations Continuity

Despite the search operations, Greenply Industries confirmed that its business operations continued without any disruption. The company assured stakeholders that it will continue making necessary disclosures in compliance with SEBI Listing Regulations as required.

The plywood and allied products manufacturer emphasized its commitment to regulatory compliance and transparency in its communication to BSE and NSE stock exchanges.