Greenpanel Industries Ltd Share Price – NSE  / BSE

Plywood Boards/Laminates, Small Cap

Greenpanel Industries announced that Sunil Singh, President - Sales, and a part of the senior management of the company has tendered his resignation to pursue opportunities outside the organization.

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Greenpanel Industries announced that the commissioning of a new MDF plant at its existing unit in the Tirupati district (Andhra Pradesh), with an installed capacity of 2,31,000 CBM per annum, has been successfully completed. The company has commenced trial production of the thin MDF range, with thicknesses ranging from 1.5 mm to 1.7 mm, as of today.

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The company has commenced trial production of the thin MDF range, with thicknesses ranging from 1.5 mm to 1.7 mm, as of today.

“The commissioning of the plant experienced delays from the initially expected timeline due to the late delivery of imported plant and machinery, caused by the ongoing geopolitical crisis,” the company said in a statement.

Greenpanel Industries is India's largest manufacturer of wood panels. Its manufacturing plants in Uttarakhand and Andhra Pradesh make medium-density fibreboard (MDF), plywood, veneers, flooring, and doors.

The company's net profit declined 69.27% to Rs 8.50 crore on a 6.80% fall in sales to Rs 359.44 crore in Q3 FY25 as compared with Q3 FY24.

The scrip fell 1.04% to end at Rs 291.25 on the BSE yesterday.

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Greenpanel Industries announced that the Board of Directors of the Company at its meeting held on 6 February 2025, inter alia, have recommended the interim dividend of Rs 0.3 per equity Share (i.e. 30%) , subject to the approval of the shareholders.

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