Greenpanel Industries Limited issued a clarification to the stock exchanges regarding the resignation of Mr. Sunil Singh, President – Sales. The resignation, effective April 30, 2025, was initially disclosed on March 4, 2025. However, the formal resignation letter was inadvertently missed during the initial regulatory filing. The company assured stakeholders that this omission was unintentional and confirmed full compliance commitment.
Clarification on Regulatory Filing Omission
Greenpanel Industries Limited addressed a query from the stock exchange dated March 11, 2026, concerning the required details for the corporate announcement related to a key personnel change. The company confirmed that the resignation of Mr. Sunil Singh, previously designated as President – Sales (Senior Management Personnel), had been disclosed to the exchanges on March 4, 2025.
Details of the Resignation
The internal notification, originating from PeopleConnect and dated March 1, 2025, detailed Mr. Singh’s resignation, effective from the close of business hours on April 30, 2025. Mr. Singh, whose Pay Group was Corp & Sales and Function was Sales, cited ‘Better Career’ as the reason for leaving. His notice period was set at 60 days, with no shortfall days.
Explanation for Delayed Document Submission
Greenpanel stated that while the initial fact of the resignation was communicated on time, the actual resignation letter of Mr. Singh was inadvertently missed when forwarding the disclosure to the stock exchanges. The company has now attached the correct letter, effective April 30, 2025, for compliance purposes. Management acknowledged the importance of timely disclosures and affirmed that the omission was purely inadvertent, not an attempt to withhold material information.
Commitment to Governance
The company concluded by assuring the exchange of its dedication to upholding the highest standards of corporate governance and regulatory compliance moving forward.
Source: BSE
