Greenpanel Industries Limited has informed exchanges that the Income Tax Department conducted search proceedings at its registered office, other offices, plant locations, and the residences of a promoter and an ex-employee. The search operations commenced on February 26, 2026, at 6:25 AM and concluded on March 2, 2026, at 7:00 PM at the company's registered office. During these proceedings, certain books of accounts, documents, and digital data were seized. The company stated that it fully cooperated with the Income Tax authorities. The specific details regarding any violations, as well as the financial impact on the company's operations, are not quantifiable at this point in time. The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
