Greenply reappoints Rajesh Mittal as CMD for 5 years; postal ballot results declared
Greenply Industries Limited has announced the results of the postal ballot process conducted through remote e-voting. The special business, concerning the re-appointment of Mr. Rajesh Mittal as an Exe...
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Why is Greenply Industries Limited in the news today?
Greenply Industries Limited (GREENPLY) is in the news due to the re-appointment of a key management personnel like the cmd for a significant period, with strong shareholder approval, is a positive development for the company's stability and future direction.
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Greenply reappoints Rajesh Mittal as CMD for 5 years; postal ballot results declared
December 30, 2025, 01:12 PM
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Greenply Industries Limited has announced the results of the postal ballot process conducted through remote e-voting. The special business, concerning the re-appointment of Mr. Rajesh Mittal as an Executive Director in the capacity of Chairman cum Managing Director, was approved by the members.
The re-appointment is for a further period of 5 years, effective from January 1, 2026, up to December 31, 2030. Mr. Mittal's remuneration package includes a basic salary of ₹23,00,000 per month, commission not exceeding 1.5% of net profit, and various perquisites such as House Rent Allowance of ₹7,30,000 per month, other allowances of ₹7,70,000 per month, reimbursement of medical and travel expenses, and provisions for insurance, car, telephone, and personal computer.
The postal ballot notice was dispatched on November 29, 2025, with the remote e-voting period open from November 30, 2025, to December 29, 2025. Mr. Dilip Kumar Sarawagi was appointed as the Scrutinizer for the process. The results of the postal ballot voting were declared on December 30, 2025, based on the Scrutinizer's report. The resolution for re-appointment was deemed to have been passed at an Extraordinary General Meeting on December 29, 2025.
The voting results indicate that out of 106,055,640 electronic votes polled, 103,736,850 (97.8136%) were in favour, and 2,318,790 (2.1864%) were against the special resolution.
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