Nature of Disclosure: Regulatory filing under SEBI Listing Regulations 30 and 31A(5)(b) regarding outcomes of the Board of Directors meeting held on July 24, 2026.

Key Decisions:

1. Appointment of Independent Director

  • The Board approved the appointment of Mr. Girish Kulkarni (DIN: 01683332) as an Additional Director designated as an Independent Director.
  • Term: 5 consecutive years with effect from July 24, 2026 to July 23, 2031.
  • Appointment is subject to approval of the shareholders of the Company.
  • The Nomination and Remuneration Committee and Board recommended this appointment to shareholders at their meetings held on July 24, 2026.
  • Mr. Kulkarni satisfies the criteria of independence under the Companies Act, 2013 and SEBI Regulations and is not debarred from holding director office.
  • Board composition is in compliance with Companies Act, 2013 and SEBI Listing Regulations.

Director Profile:

  • Mr. Girish Kulkarni has over four decades of experience in Asian insurance and financial sectors.
  • Former founding member of global strategy board of Dai-ichi Life and Chairman - Asia Pacific (Non-Executive).
  • Previously MD&CEO of Star Union Dai-ichi Life Insurance for almost a decade.
  • Experience in building SBI Life, General Motors Finance (GMAC), and Generali Group.
  • Not related to any existing directors of the Company.
  • Not debarred from holding director office by SEBI or any statutory authority.

2. Subsidiary Amalgamation

  • Board approved amalgamation of Greenply Holdings Pte. Ltd., Singapore (wholly owned subsidiary) with Greenply Global Trading Pte. Ltd. (formerly Greenply Alkema! (Singapore) Pte. Ltd.), Singapore (step-down wholly owned subsidiary).
  • Subject to necessary approvals.
  • Transaction is between wholly owned subsidiaries and exempt from related party transaction requirements under Regulation 23(5) of SEBI Listing Regulations.

Business Details:

  • Greenply Holdings Pte. Ltd.: Engaged in investment in subsidiary shares and wholesale trade of timber logs, sawn timber, plywood and related products.
  • Greenply Global Trading Pte. Ltd.: Engaged in trading and marketing of commercial veneers and panel products.

Rationale: To consolidate overseas corporate structure in Singapore, reduce administrative and regulatory compliances, achieve operational efficiencies and optimize costs.

Consideration: No cash consideration or issue of shares involved in the amalgamation.

Shareholding Impact: No change in shareholding pattern of Greenply Industries Limited. Post-amalgamation, Greenply Global Trading Pte. Ltd. will become a direct wholly owned subsidiary instead of step-down wholly owned subsidiary.

3. Promoter Group Reclassification

  • Board approved reclassification requests received on July 15, 2026 from 8 members of Promoter Group seeking reclassification as Public Shareholder Category under Regulation 31A of SEBI Listing Regulations.
  • All 8 entities currently hold 0.00% equity shares (Nil shares) in the company.

List of Entities:

1. Shobhan Mittal (Promoter Group) - 0.00%

2. Santosh Mittal (Promoter Group) - 0.00%

3. Shiv Prakash Mittal (Promoter Group) - 0.00%

4. Chitwan Mittal (Promoter Group) - 0.00%

5. Master Aditya Mittal (Promoter Group) - 0.00%

6. Prime Holdings Pvt. Ltd. (Promoter Group) - 0.00%

7. Niranjan Infrastructure Pvt. Ltd. (Promoter Group) - 0.00%

8. Bluesky Projects Pvt. Ltd. (Promoter Group) - 0.00%

  • The outgoing members have undertaken compliance with Regulation 31A(3)(b) and shall comply with Regulation 31A(4) requirements.
  • Reclassification is subject to receipt of no-objection from Stock Exchanges under Regulation 31A.

Meeting Details:

  • Commenced at 11:30 a.m. and concluded at [time not clearly specified] p.m. on July 24, 2026.