GREENPLY INDUSTRIES LTD.

Greenply Industries Ltd's wholly-owned subsidiary, Greenply Sandila Private Limited, has invested INR 45,00,000 (26% equity) in Albano Solar Private Limited. This investment is for developing a 1.5 MW (AC) group captive power generation facility in Uttar Pradesh. The generated power will be utilized by Greenply Sandila's manufacturing unit, aiming to reduce power costs.

Greenply Industries Ltd has been directed by the Hon’ble State Consumer Disputes Redressal Commission, Patna, Bihar, to pay ₹9,94,341 along with 7% interest per annum and ₹1,00,000 as compensation to a consumer. The company has stated that it will take appropriate action in response to the order and anticipates no material impact on its financial, operational, or other activities.

Shakuntala Safeinvest Pvt Ltd & PACs, part of the Promoter/Promoter Group of Greenply Industries Limited, have increased their shareholding through open market acquisitions. The disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The equity share capital of Greenply Industries remains at 12,49,02,045 shares of face value ₹1 each before and after the acquisition.

Greenply Industries Ltd. announced that the Income Tax Department conducted a search and seizure at its registered office, some other locations including a manufacturing unit, the manufacturing unit of Greenply Sandila Private Limited (WOS), the residence of the promoter, and a few executives of the company on February 26, 2026. The search and seizure concluded on March 2, 2026. The company has extended its full cooperation to the authorities. Business operations continued without disruption. The financial impact is not quantifiable at this time.

Greenply Industries Ltd has paid a financial guarantee amount of USD 1 Million to CITI Bank N.A., Dubai, concerning a Standby Letter of Credit (SBLC) issued by Citi Bank, N.A., India, for financial assistance to Greenwud Panel Limited (formerly Greenply Middle East Limited), Dubai. The payment was made on May 6, 2026. Due to the geopolitical situation in the Middle East, Greenwud Panel Limited's performance has fallen short of expectations, leading to an impairment provision of ₹9.48 crores by Greenply for the financial year ended March 31, 2026. The company states it has no further liability against the financial guarantee.

Greenply Industries Ltd has issued a corrigendum for its Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026. The correction addresses a typographical error in the Standalone Balance Sheet, where the term "Unaudited" was mistakenly used instead of "Audited" under the heading "as at 31.03.2026". The company confirmed that this is the only change and the error does not impact the previously submitted financial results or figures. The full audited results are available on the company's website.

Greenply Industries Ltd's Board of Directors, at its meeting on April 28, 2026, approved the re-appointment of Ms. Vinita Bajoria (DIN: 02412990) as an Independent Director. This re-appointment is for a further period of five consecutive years, effective from September 15, 2026, to September 14, 2031, and is subject to shareholder approval. The Nomination and Remuneration Committee also recommended this re-appointment. Ms. Bajoria meets the independence criteria under the Companies Act, 2013, and SEBI Listing Regulations, 2015, and is not debarred from holding the office. She brings extensive experience in strategic management, marketing, corporate operations, and human resources, holding an MBA and having completed programs from Harvard Business School. She is also on the Board of Governors and Society of IIM-Kozhikode and is not related to any other director of the company.

Greenply Industries Ltd announced the resignation of Mr. Manoj Tulsian as Joint Managing Director & Chief Executive Officer (JMD & CEO) due to personal reasons. His resignation will be effective from the close of business hours on April 30, 2026. The company stated that Mr. Tulsian will continue to be associated with Greenply as an advisor. The Board expressed its appreciation for his services and contributions during his tenure as JMD & CEO.

Greenply Industries Ltd's Board of Directors, at its meeting on April 28, 2026, made several key decisions. The board recommended a final dividend of Re. 0.50 per equity share for FY2025-26, with August 4, 2026, set as the record date. The re-appointment of Ms. Vinita Bajoria as an Independent Director for a further five years (Sept 2026 - Sept 2031) was approved, subject to shareholder approval. Additionally, the board sanctioned a further subscription of 1,50,00,000 equity shares of Greenply Samet Private Limited (GSPL), a joint venture. The resignation of Mr. Manoj Tulsian, Joint Managing Director and CEO, effective April 30, 2026, was noted, though he will continue as an advisor.

Greenply Industries Ltd's Board of Directors, at its meeting held today, has recommended a final dividend of Re. 0.50 per equity share (face value Re. 1/- each) for the financial year ended March 31, 2026. The dividend payment will be processed within 15 days of its approval by the company's shareholders at the forthcoming Annual General Meeting, which is scheduled for August 25, 2026.