Board of Greenply Industries approves sub-division of shares

At meeting held on 28 October 2015

Greenply Industries announced that the Board of Directors of the Company at its meeting held on 28 October 2015, inter alia, has approved the following:

1. Postal ballot notice along with its related documents for sending to the shareholder of the Company for following items:-

a) Sub-division of equity shares of the Company from the face value of Rs. 5/- to face value of Re. 1/- per equity share in compliance with applicable provisions of the Companies Act, 2013, to the extant rules notified.

b) Alteration of the Capital Clause in the Memorandum of Association.

c) Re-appointment of Rajesh Mittal as a Managing Director of the Company.

2. Fixed 06 November 2015 as the cut-off date for reckoning Voting Rights and ascertaining those Members to whom the Postal ballot notice and postal ballot forms shall be sent.

3. Approved the appointment of Dilip Kumar Sarawagi, Practicing Company Secretary, Proprietor of M/s. DKS & Co., Kolkata-700 007, as the Scrutinizer for conducting the Postal Ballot and e-voting process in a fair and transparent manner.

4. Authorized Kaushal Kumar Agarwal, Company Secretary & Vice President-Legal and/or Rajesh Mittal, Managing Director to issue notice for Postal Ballot under their signature(s) to the shareholders and all other persons entitled to receive the same and to do all such acts, matters, deeds and things, as may be required in connection with the Postal Ballot.

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