Greenpanel Industries Limited (GREENPANEL) — Board Meeting

📢 Key Event
AGM scheduled for August 7, 2026, to approve dividend, director appointments, and special resolutions on remuneration and Articles alteration.

🔄 What Changed
Approved ₹0.50 per share dividend for FY 2025-26; capped independent director remuneration at ₹10 lakh annually with ₹5 lakh approved for FY 2025-26; restricted stock options for independent directors; re-appointed four directors including MD Shobhan Mittal.

💡 Investor Takeaway
The dividend signals shareholder returns despite losses, but director pay approval amid losses raises governance concerns.

Greenpanel Industries Limited announced its 9th AGM on August 7, 2026, via video conferencing, where shareholders will vote on adopting audited financials, declaring a ₹0.50 per share dividend for FY 2025-26, appointing a new director, and passing two special resolutions: altering Article 58(17) to restrict independent director stock options and capping annual remuneration at ₹10 lakh, with specific approval for ₹5 lakh in FY 2025-26. The notice, issued on July 15, 2026, sets July 31 as the record date for voting eligibility and details remote participation via e-voting platforms including InstaVote and CDSL Easiest, with voting open from August 4 to 6. Shareholders must use demat account credentials to vote, and non-resident investors must submit treaty benefit documents to claim reduced tax withholding. The filing also covers dividend tax rules, scrutinizer appointment, and proxy procedures under SEBI and MCA regulations.

📄 View Original Announcement (PDF)

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