StockWatch
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Plywood Boards/ Laminates
Board Meeting28 Apr 2026, 04:17 pm

Greenply Board Approves 0.50 Dividend, Director Reappointment, JV Investment

AI Summary

Greenply Industries Ltd's Board of Directors, at its meeting on April 28, 2026, made several key decisions. The board recommended a final dividend of Re. 0.50 per equity share for FY2025-26, with August 4, 2026, set as the record date. The re-appointment of Ms. Vinita Bajoria as an Independent Director for a further five years (Sept 2026 - Sept 2031) was approved, subject to shareholder approval. Additionally, the board sanctioned a further subscription of 1,50,00,000 equity shares of Greenply Samet Private Limited (GSPL), a joint venture. The resignation of Mr. Manoj Tulsian, Joint Managing Director and CEO, effective April 30, 2026, was noted, though he will continue as an advisor.

Key Highlights

  • Board recommended a final dividend of Re. 0.50 per equity share for FY2025-26.
  • August 4, 2026, fixed as record date for the final dividend payment.
  • Ms. Vinita Bajoria re-appointed as Independent Director for five years.
  • Approved further investment in joint venture Greenply Samet Private Limited.
  • Joint MD & CEO Mr. Manoj Tulsian resigned, will continue as an advisor.