Greenpanel Industries Ltd Reports on Sustainability, ESG Performance for FY 2025-26

Greenpanel Industries Ltd Reports on Sustainability, ESG Performance for FY 2025-26​

Greenpanel Industries Limited has released its Business Responsibility and Sustainability Report covering the financial year 2025-26. The comprehensive report details operational statistics, corporate governance structures, and the company's commitments to environmental and social responsibility (ESG).

The company manufactures plywood, MDF, and allied products, with its operations spanning both national and international markets. Greenpanel operates in two states and union territories across India and has a presence in nine countries internationally. The contribution of exports towards total turnover stood at 9.63%.

Operational Snapshot and Workforce Details​

Greenpanel reports having a workforce of 1,161 employees, comprising 563 permanent staff and 659 workers. Management practices emphasize strong customer engagement through tailored approaches for different groups: Trade Customers (dealers and OEMs) receive support via regular Dealer Meets, while End Consumers are engaged through digital platforms and social media.

The company's operational focus areas include Medium Density Fibreboard (MDF) at 91.17% and Plywood and allied products at 8.83%. The report highlights a strong customer network, with sales to dealers or distributors accounting for 90.37% of total sales in FY 2025-26.

Commitment to ESG and Sustainability​

Greenpanel has established a robust sustainability agenda that addresses material risks across climate change, biodiversity, water management, and waste. The company views waste management and the circular economy as a significant opportunity for operational enhancement.

Environmental Stewardship:
The company is committed to reducing its carbon footprint through focused sustainability initiatives. The Rudrapur facility transitioned to green power procurement, while the Tirupati unit operates with a Zero Liquid Discharge (ZLD) system and rainwater harvesting infrastructure.

Key environmental performance indicators from FY 2025-26 show:


In terms of resource consumption and management:

• The company manages all process water within a closed loop system through the ETP and RO systems, ensuring no wastewater is discharged into the environment.
• Non-hazardous waste generated stands at 11,218.76 MT/` lakh for FY 2025-26, with processes residues like bark and rejected wood chips being repurposed as fuel in the energy plant.

Social Responsibility:
Greenpanel's commitment to human rights is underscored by its grievance redressal mechanisms, which include third party audits and a dedicated remediation plan designed to resolve labour or human rights violations. The company also reports active engagement with local communities through CSR initiatives focused on education, healthcare, and skill development across various regions.

Governance and Corporate Oversight​

The Board of Directors comprises six members, including two Promoter Directors: Mr. Shiv Prakash Mittal (Whole-time Director & Executive Chairman) and Mr. Shobhan Mittal (Managing Director & CEO). The Board maintains a diverse set of expertise covering industry knowledge, strategy, risk oversight, and HR/people orientation.

The governance structure includes specialized committees designed for focused oversight:

• Audit Committee: Chaired by Mr. Salil Kumar Bhandari, focusing on reviewing statutory audit observations, compliance matters, and internal control systems.
• Nomination and Remuneration Committee: This committee is responsible for formulating criteria related to the appointment and performance evaluation of directors.
• Stakeholders Relationship Committee: Oversees investor grievances, reporting zero complaints received from shareholders or investors during FY 2025-26.
• Risk Management Committee: Focuses on assessing and mitigating risks that may impact business objectives and long-term sustainability.

The company practices operational diligence, with Mr. Himanshu Jindal serving as Chief Finance Officer (CFO) among the senior management team.

Financial and Compliance Indicators​

Financial metrics demonstrate commitment to ethical conduct, as zero instances of non-compliance were reported against applicable statutory requirements during FY 2025-26. The company practices a stringent zero-tolerance approach toward corruption and bribery across all operations.

Details regarding financial accountability include:

• Statutory Audit Fees for the year amounted to 26.50 lakhs, with total fees paid to Statutory and Branch Auditors amounting to 57.65 lakhs for FY 2025-26.
• The company adheres strictly to its risk management framework by monitoring foreign exchange exposure arising from international transactions.

GREENPANEL Stock Price Movement​

Greenpanel Industries Limited closed today, surging to ₹202.60 after gaining 2.80% in trading sessions. The stock saw a robust volume of 601,971 shares traded during the post-market session.