Greenply Industries Approves Corporate Guarantee & JV Capital Infusion

Greenply Industries Limited's Board of Directors has approved the issuance of a corporate guarantee to IDBI Bank for a ₹200 crore term loan facility for its wholly-owned subsidiary, Greenply Speciality Panels Pvt. Ltd. This loan will fund the expansion of an MDF plant. Additionally, the board approved a binding Head of Terms (HoT) with Samet B.V. for a capital infusion into their joint venture, Greenply Samet Private Limited. Samet's stake will increase from 50% to 75.02%, diluting Greenply Industries' share to 18.98%. Upon completion, the JV will cease to be an associate company.