Greenply Industries Ltd. to Terminate Joint Venture and Acquire 50% Shares in Greenply Alkemal (Singapore) Pte. Ltd.

Greenply Industries Ltd. has entered into a Joint Venture Termination and Share Transfer Agreement with Kulmeet Singh, the existing JV Partner, to terminate the Joint Venture Agreement dated 30th January 2014. Greenply Holdings Pte. Ltd., a Wholly Owned Subsidiary of Greenply Industries Limited, will acquire 50% shares held by Kulmeet Singh in Greenply Alkemal (Singapore) Pte. Ltd. The JV Company will become a Wholly Owned Subsidiary of Greenply Holdings Pte. Ltd., and consequently a Step-down Wholly Owned Subsidiary of Greenply Industries Limited. The acquisition will be carried out in compliance with all applicable laws and will be made during FY 2025-26 with a cash consideration. The total cost of acquisition is USD 1.