Greenpanel Industries Ltd Alters Article of Association

Greenpanel Industries Limited has informed the stock exchanges about an alteration to its Article of Association, approved by shareholders at the 9th Annual General Meeting held on August 7, 2026. The amendment specifically modifies Article 58(17) concerning the remuneration of Independent Directors. The revised article clarifies that Independent Directors are not entitled to stock options but may receive sitting fees and expense reimbursements. Additionally, they can be paid other remuneration, subject to Board and Member approval, potentially exceeding limits prescribed under Section 197(1) of the Act, but not exceeding amounts approved by the Members as per relevant sections of the Act and Schedule V.