Date: 13th August 2026

Board Meeting Outcomes

  • The Board of Directors at its meeting held on 13th August 2026 approved initiating a new activity of undertaking marketing and distribution of Kiri/Paulownia Tree Timber and products made therefrom

Other Operational / Strategic Disclosures

  • The proposed business activity involves developing market and distribution network for Paulownia/Kiri timber in India
  • Activities include identifying and establishing relationships with timber traders, manufacturers, furniture and other wooden-product manufacturers, and other potential customers
  • Company will undertake the activity as a channel partner for WGW Agreen Private Limited
  • WGW Agreen Private Limited has secured exclusive rights in India for promotion, plantation, sale and distribution of hybrid tissue-cultured Paulownia Trees, including the Phoenix One® variety
  • The initiative aims to create and develop a market for Paulownia timber in India and establish suitable distribution channels in anticipation of timber availability from plantations in coming years