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Greenpanel Industries gets nod to wind up wholly owned subsidiary in Singapore

30 Nov 2022 Evaluate

Greenpanel Industries has received an approval for winding up of its wholly owned subsidiary (WOS) namely, Greenpanel Singapore, pursuant to the rules and regulations of its host country. The Board also approved write off the investment in the WOS to the extent of impairment of the asset due to accumulated losses of the WOS. The Board of Directors, through resolution by circulation on November 29, 2022, approved the same.

Greenpanel Industries, previously known as Green Panelmax, is the largest producer of MDF in the country. It is India's largest manufacturer of wood panels.

Greenpanel Inds. Share Price

214.55 -5.05 (-2.30%)
17-Apr-2026 16:59 View Price Chart
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