Greenpanel Industries Addresses Oversight in CIO Resignation Disclosure 4 days ago
Greenpanel Industries has submitted the resignation letter of its Chief Information Officer, Jayanta Bhowmik, to the stock exchange, addressing an inadvertent omission in previous regulatory filings. Bhowmik's resignation, effective from August 7, 2025, was initially disclosed on July 30 and August 8, 2025. He joined the company on December 26, 2022, and resigned on May 29, 2025, citing better career opportunities. Greenpanel emphasized that the oversight was unintentional and reaffirmed its commitment to regulatory compliance and corporate governance standards.
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More news about Greenpanel Industries
30Jul 25
Greenpanel Industries Reports Loss of ₹3,462.36 Lakhs in Q1, Appoints New CIO
Greenpanel Industries posted a net loss of ₹3,462.36 lakhs in Q1 FY24, compared to a profit of ₹1,571.49 lakhs in Q1 FY23. Revenue declined 10% year-over-year to ₹32,819.35 lakhs. The loss was primarily attributed to a ₹2,754.27 lakhs foreign exchange loss due to ECB loan revaluation. The company's MDF segment generated ₹29,674.25 lakhs in revenue, while the Plywood segment contributed ₹3,145.10 lakhs. Greenpanel also announced the appointment of Mr. Vineet Bansal as the new CIO, effective August 8.
23May 25
Greenpanel Industries Reports Mixed Q4 Performance with MDF Revenue Decline
Greenpanel Industries faced a 15% YoY decline in MDF revenue in Q4, with overall volumes dropping 20%. Domestic volumes fell 25% due to discontinuation of commercial grade MDF. However, exports grew 34%, with realizations improving across markets. The company benefited from the EPCG scheme, supporting its export growth. IDBI Capital maintained a Hold rating on the stock.
22May 25
Greenpanel Industries Q4 Results: Revenue and EBITDA Dip, Net Profit Stable
Greenpanel Industries reported Q4 revenue of ₹3.75 billion, down 5.5% year-over-year. EBITDA decreased 7% to ₹479.5 million, with a slight margin contraction to 12.8%. Despite these challenges, net profit remained relatively stable at ₹293.9 million. The company showed significant quarter-over-quarter improvement, with net profit increasing from ₹85 million in the previous quarter.
26Feb 25
Greenpanel Industries Launches Trial Production at New MDF Plant in Tirupati
Greenpanel Industries has started trial production at its new Medium Density Fiberboard (MDF) plant in Tirupati, Andhra Pradesh. The facility has an annual capacity of 231,000 CBM and is currently producing thin MDF boards (1.5-1.7 mm). The plant's commissioning was delayed due to late delivery of imported equipment caused by global geopolitical issues. Commercial production date is yet to be announced.