Greenply Industries, on Tuesday, informed the stock exchange about a search and seizure operation conducted by the Income Tax Department.
The operation commenced on February 26, 2026, at the company’s registered office and manufacturing locations (Greenply Sandila Pvt Ltd) and concluded on March 2, 2026. The authorities also searched the residence of the company’s promoter and several executives.
File picture: Manoj Tulsian, JMD & CEO, Greenply Industries
| Photo Credit: bl-online Administrator
Greenply Industries said it has fully cooperated with the authorities and has provided all requested details and documents. The company reported that its business operations continued without disruption during this period.
“The financial impact is not quantifiable at this point of time,” it said.
Shares ended at ₹203.36 on the NSE on Monday.
(The article has been generated using AI)
Published on March 3, 2026