Greenply Industries Limited has informed the Exchange regarding Outcome of Board Meeting held on Jun 03, 2025.
GREENPLY · price
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Greenply Industries' board approved multiple actions on June 3, 2025. It will cut its stake in Greenply Middle East Limited (GMEL) from 49% to 19% by selling to an existing director for USD 4,91,774, causing GMEL to cease as an associate (it contributed only 0.45% of consolidated net worth and nil to turnover). The company will also fully exit its 19% stake in Hapur Plywood Private Limited. Greenply will infuse Rs. 113 crore into its wholly owned subsidiary Greenply Speciality Panels (GSPPL), which will use the funds to repay an existing loan from the parent. It will further invest Rs. 44 crore in wholly owned subsidiary Greenply Sandila (GSPL), with Rs. 35 crore for loan repayment and Rs. 9 crore to buy a forest license from the parent. Additionally, GSPPL will set up a new PVC/WPC door, frame and board plant in Vadodara with ~Rs. 36 crore investment and 9.18 million kg annual capacity, targeted by Q4 FY2026. The board also appointed Mr. Bharath Rao as Executive Vice President – Sales.
The actions are largely housekeeping: trimming small non-core overseas and minority stakes, restructuring inter-company loans through equity infusion (no fresh external cash impact), and a modest capex push into value-added PVC/WPC products. Net effect on shareholders is neutral to mildly positive, with no change in consolidated ownership of key operating subsidiaries and incremental growth investment in higher-margin product lines.