Corporate News 11-Nov-14
Greenply Industries announces resignation of Joint MD and CEO
With effect from 10 November 2014
Greenply Industries announced that consequent to receipt of the approval of Hon'ble Gauhati High Court to the composite Scheme of Arrangement under Sections 100 to 104 and 391 to 394 of the Companies Act, 1956 between Greenply Industries ("Greenply") and Greenlam Industries ("Greenlam"), and their respective shareholders and creditors, for demerger of the Decorative Business (comprising of Laminates and Allied Products) of Greenply with all its assets and liabilities, into Greenlam with effect from 01 April 2013 (Appointed Date), Saurabh Mittal, Joint Managing Director & CEO of the Company has resigned from the Company with effect from the close of the working hours of 10 November 2014, to take up assignment in Greenlam Industries.
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