Greenply seeks shareholder approval for chairman's reappointment, sets pay

Greenply Industries is seeking shareholder approval for the re-appointment of Rajesh Mittal as chairman cum managing director for a further five-year term, effective January 1, 2026, to December 31, 2030. The proposal, to be passed as a special resolution via remote e-voting, includes a monthly basic salary of INR 2,300,000 and a commission not exceeding 1.5% of net profit. Other benefits include a house rent allowance of INR 730,000 per month and additional allowances of INR 770,000 per month.

Medical expense reimbursements are capped at one month's salary annually, alongside travel expenses, club membership fees, and a personal accident and mediclaim policy premium not exceeding INR 100,000 per annum. Mr. Mittal will also be provided with a car, telephone, cell phone, and PC. The total remuneration proposed for Mr. Mittal represents 0.18% of the company's annual consolidated turnover, excluding perquisites and commission.

The e-voting period for this resolution will run from Sunday, November 30, 2025, at 9:00 a.m. (IST) to Monday, December 29, 2025, at 5:00 p.m. (IST). Results are expected to be announced on Tuesday, December 30, 2025.