Summary of Key Information:

Nature of Filing / Announcement: Regulatory Disclosure under SEBI LODR Regulations

Key Financial Highlights:

Not Specified

Standalone Results:

Not Specified

Consolidated Results:

Not Specified

Segment-wise Performance:

Not Specified

Corporate Actions:

The Board approved two key corporate actions:

1. Corporate Guarantee: Approved the issuance of a corporate guarantee in favour of IDBI Bank Limited for credit facilities to be availed by its wholly-owned subsidiary, Greenply Speciality Panels Pvt. Ltd. (GSPPL).

  • The guarantee is for a Term Loan facility of up to INR 200 crores.
  • The loan will be used for the expansion of the manufacturing capacity of the MDF plant of GSPPL.
  • The corporate guarantee will be issued until the commencement of commercial operation of the project.
  • The company will charge a guarantee commission from GSPPL.

2. Joint Venture Restructuring: Approved the execution of a binding Head of Terms (HoT) with Samet B.V., Greenply Samet Private Limited (JV Company), and Samet Kalip Ve Madeni Eşya Sanayii Ve Ticaret A.Ş. (Confirming Party) for a capital infusion.

  • Samet B.V. will increase its voting interest in the JV Company from 50% to ~81.02%.
  • Greenply's voting interest in the JV Company will be diluted from 50% to ~18.98%.
  • The HoT was executed on September 11, 2026.
  • The transaction is subject to the execution of definitive documents and customary conditions precedent.
  • Upon completion, the JV Company will cease to be an associate company of Greenply Industries Limited.
  • The existing joint venture agreement dated 1st June 2023 will be terminated and superseded by an amended shareholders' agreement.
  • Operational and day-to-day management control of the JV will transfer to Samet B.V.
  • Greenply will retain a tag-along right and a pre-emptive right to subscribe to new issuances to maintain its stake at ~18.98%.

Other Significant Information:

The financial impact of the corporate guarantee will be disclosed as a contingent liability in the company's financial statements.

Appropriate disclosures regarding the JV transaction will be made upon the execution of definitive documents.