Greenply Industries Limited has informed the Exchange about Intimation for Termination of Joint Venture Agreement.

Listed Co AcquisitionDeal CancelledStrategic Transactions View source PDF Explain this filing

GREENPLY · price

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Price reactionminutes from the announcement price · days from the prior close

-2.2%Reaction day

₹228.48

prior close

₹228.05

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.3%-0.9% vs market

Plywood Boards/ Laminates peers, median of 11sector+0.1%-2.3% vs sector

On the reaction day the stock moved 0.9 pts less than Nifty Microcap 250 and 2.3 pts less than its Plywood Boards/ Laminates peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.6

10m

-1.6

15m

-1.9

30m

-2.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.2-1.3-0.9+0.1-2.3

Next day

-1.7-1.1-0.7-0.3-1.4

-2.2-0.8-1.4+0.3-2.5

-4.1-1.9-2.2-1.4-2.7

-8.2-4.1-4.1-2.5-5.7

-8.1-6.6-1.5-2.3-5.9

-14.2-5.7-8.5-3.7-10.4

15d

-12.3-6.4-5.9-7.4-4.9

-14.4-9.9-4.5-9.1-5.3

+5.0+3.8+1.2+0.9+4.1

+14.3+8.9+5.4-2.6+16.8

UpDownMarket · Nifty Microcap 250Sector · Plywood Boards/ Laminates peers, median of 11Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Greenply Industries has terminated its 12-year-old Joint Venture Agreement (dated 30 January 2014) with Kulmeet Singh in Greenply Alkemal (Singapore) Pte. Ltd. (GASPL), citing no business activity with the JV partner. Simultaneously, its wholly owned subsidiary Greenply Holdings Pte. Ltd. (Singapore) will acquire the remaining 50% stake held by Kulmeet Singh for a token cash consideration of USD 1. Post-transaction, GASPL will become a wholly owned step-down subsidiary of Greenply Industries. GASPL trades and markets commercial veneers and panel products, with a turnover of USD 16.7 million in FY25 (up from USD 13.4 million in FY24). The deal is expected to close in FY 2025-26.

Likely market impact

This is a minor, low-cost consolidation move with negligible financial impact given the USD 1 consideration. It simplifies the corporate structure by converting a JV into a wholly owned subsidiary, giving Greenply full control and 100% of future earnings from GASPL's veneer trading business.