Key Decision

The Board of Directors of Greenply Industries Limited, at its meeting held on October 29, 2026 (commencing at 1:30 PM and concluding at 3:15 PM), approved further investment of up to ₹30 crores in one or more tranches in equity shares of face value of ₹1 each of the company's wholly owned subsidiary, Greenply Sandila Private Limited (GSPL).

Investment Details

  • Target Entity: Greenply Sandila Private Limited (GSPL)
  • Investment Amount: Up to ₹30,00,00,000 (Thirty Crore Rupees)
  • Instrument: Equity Shares of face value of ₹1 each
  • Number of Shares: Up to 30,00,00,000 equity shares
  • Consideration Type: Cash consideration
  • Timeline: Acquisition to be completed by Q4 of FY2028 in one or more tranches
  • Post-investment Holding: 100% (will remain wholly owned subsidiary)

Subsidiary Background

Greenply Sandila Private Limited (GSPL) is a wholly owned subsidiary incorporated in India on May 24, 2021. The company is engaged in manufacturing, trading and marketing of Plywood, Doors, Block Boards, Veneer and allied products.

Financial Performance of GSPL (₹ in Crore)

| Particulars | FY 2026 | FY 2025 | FY 2024 |

| Total Income | 289.76 | 249.13 | 195.37 |

| PAT | 18.51 | 11.28 | 8.45 |

| Net Worth | 132.24 | 59.67 | 48.31 |

Purpose of Investment

The funds will be used by GSPL for proposed expansion of manufacturing capacity of its plywood and allied products unit situated at Sandila, District - Hardoi, Uttar Pradesh. The company expects near-term demand for plywood and allied products to exceed available capacity that the company, along with its subsidiaries, presently has.

Regulatory Aspects

  • Related Party Transaction: Yes, as GSPL is a wholly owned subsidiary
  • Arm's Length: The transaction will be carried out in compliance with all applicable laws
  • Government Approvals: Not applicable
  • SEBI Regulation: Disclosure made under Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015

Capital Structure Impact

The investment will maintain GSPL's status as a wholly owned subsidiary of Greenply Industries Limited while providing capital for capacity expansion.