Interim report
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Greenply/2026-27 October 29, 2026 The Manager BSE Limited Department of Corporate Services Floor 25, P. J. Towers, Dalal Street Mumbai - 400 001 Scrip Code: 526797 Dear Sir/Madam, HAR ZARURAT KA REPLY The Manager National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex Bandra (E) Mumbai - 400 051 Symbol -GREENPLY Sub: Un-audited Financial Results for the quarter and half year ended 30th September, 2026 Pursuant to Regulation 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are forwarding herewith a copy of Un-audited Standalone and Consolidated Financial Results for the quarter and half year ended 30th September, 2026, and Statement of Assets and Liabilities as at September 30, 2026 and Cash Flow Statement for the half year ended 30th September, 2026 duly approved and taken on record by the Board of Directors at their meeting held on 29th October, 2026. Further, the Statutory Auditors of the Company have carried out "Limited Review" of the above results and the Limited Review Report is attached for your record. The meeting was commenced at 01:30 p.m. and concluded at 03 : ~_JP .m. The above Limited Review Report and results are also available on the website of the Company viz. www.greenply.com. Thanking you, Yours faithfully, For GREENPLY INDUSTRIES LIMITED KAUSHAL KUMAR AGARWAL COMPANY SECRETARY & VICE PRESIDENT-LEGAL Encl.: As above Greenply Industries Limited 'Madgul Lounge', 5th & 6th Floor, 23 Chetla Central Road, Kolkata - 700027, West Bengal, India T: +91 33 24500400, 30515000 I E: kaushal.agarwal@greenply.com I www.greenply.com I CIN: L20211WB1990PLC268743 Registered Office: 'Madgul Lounge', 6th Floor, 23 Chetla Central Road, Chetla, Kolkata - 700027, West Bengal, India
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Sr. No. I. 2. 3. 4. 5. 6. 7. 8. 9. 10. II. 12. Greenply Industries Limited Registered Office: Madgul Lounge, 6th Floor, 23 Chetla Central Road, Chetla, Kolkata-700027 Corporate Identity Number: L20211WBl990PLC268743 Phone: +91 33 3051 5000 Fax: +91 33 3051 SOJO Website: www.grccnply.com E-mail: invcstor-s@grccnply.com Statement of Standalone Profit and Loss for the quarter and six months ended 30 September 2026 Previous Three Corresponding Three Year to date Three months ended months ended months ended figures for the Particulars 30.09.2026 30.06.2026 30.09.2025 in the current period previous year ended 30.09.2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Income a) Revenue from operations 59,158.25 49,698.99 52,104.91 1,08,857.24 b) Other income 948.89 1,070.44 930.50 2,019.33 Total Income 60,107 .14 50,769.43 53,035.41 1,10,876.57 Expenses a) Cost of materials consumed 17,015.39 14.6 14.40 15,050.80 31,629.79 b) Purchase of stock-in-trade 24,376.32 17,532.09 17,312.32 41,908.41 c) Changes in inventories of finished goods, work-in-progress (3,167.81) 472.67 3.134.79 (2,695.14) and stock-in-trade d) Employee benefits expense 7,232.87 6,9 10.28 6,638.54 14,143.15 c) Finance costs 260.09 143.90 254.93 403.99 f) Depreciation and amortisation expenses 643.78 597.30 583. 18 1,241.08 g) Other expenses 9,505.01 7,650.68 7.590.00 17,155.69 Total Expenses 55,865.65 47,921.32 50,564.56 1,03, 786.97 Profit before exceptional items and tax (1-2) 4,241.49 2,848.11 2,470.85 7,089.60 Exceptional items (Refer Note 3) - - - - Profit before tax (3+4) 4,241.49 2.848. 11 2,470.85 7,089.60 Tax expense a) Current tax 1,191.89 853.42 709.13 2,045.31 b) Deferred tax (96.93) (132.96) (57.86) (229.89) Total tax expense 1,094.96 720.46 651.27 1,815.42 Profit for the period (5-6) 3,146.53 2, 127.65 1,819.58 5,274.18 Other Comprehensive Income Items that will not be reclassified to profit or loss 1.00 1.00 1.00 2.00 Income tax relating to items that will not be reclassified to (0.25) (0.25) (0.25) (0.50) profit or loss Items that will be reclassified to profit or loss - - - Income tax relating to items that will be reclassified to profit - - - -or loss Other Comprehensive Income for the period 0.75 0.75 0.75 1.50 Total Comprehensh•c Income for the period (7+8) 3,147.28 2, 128.40 l,820.33 5,275.68 Paid-up equity share capital (Face value~ 1/- each) 1,249.02 1,249.02 1,248.81 1,249.02 Other equity Earnings per equity share (of~ 1/- each) a) Basic(~) 2.52* 1.70* 1.45* 4.22 b) Diluted(~) 2.52* 1.70* 1.45* 4.22 * Not annuahscd (tin Lakhs) Year to date figures for the Year ended previous period 31.03.2026 ended 30.09.2025 (Unaudited) (Audited) 95,926.74 2,02,240.68 2, 131.41 3,755.41 98,058. IS 2,05,996.09 29,050.73 61,009.53 33,059.85 70,402.7 I 1.805.28 3,2 I 7.45 12,538.82 25,253.25 465.55 971.85 1.140.40 2,338.59 15,0 15.40 30,750.67 93,076.03 1,93,944.05 4,982.12 12,052-04 (120.99) (1,976.63) 4,861.13 10,075.41 1,356.05 3, 140.94 (170.72) (424.88) 1,185.33 2,716.06 3,675.80 7,359.35 2.00 157.86 (0.50) (39.73) - 1.50 118.13 3,677.30 7,477.48 1,248.81 1,249.02 88,539.5 1 2.94* 5.89 2.93* 5.89
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Sr. No. - A. I. 2. B. I. 2. 3. ASSETS Non-current assets (a) Property, plant and equipment (b) Capital work-in-progress (c) Right of use assets (d) intangible assets (e) Financial assets (i) lnvestments (ii) Loans (iii) Other financial assets (t) Non-current tax asst:ts (net) (g) Deferred tax assets (net) (h) Other non-current assets Tot al non-current assets Current assets (a) Inventories (b) Financial assl!ts (i) Trade receivables (ii) Cash and cash equivalents Greenply Industries Limited Registered Office: Madgul Lounge, 6Tb Floor, 23 Chetla Central Road, Chetla , Kolkata-700027 Corporate Identity Number : L20211WBl990PLC268743 Phone: +91 33 3051 5000 Fax: +91 33 3051 5010 Website: www.greenply .com E-mail: investors @greenply.com Standalone Balance Sheet Particulars (iii) Bank balances other than cash and cash equivalents (iv) Loans (v) Other financial assets ( c) Other current assets Total current assets TOTAL ASSETS EQUITY AND LIABILITIES Equity (a) Equity share capital (b) Other equity Total equity Non-current liabilities (a) Financial liabilities (i) Borrowings (i) Lease liabilities (ii) Other financial liabilities (b) Provisions Total non-current liabiJities Current Liabilitie s (a) Financial liabilities (i) Borrowings (ii) Lease liabilities (iii) Trade payables Total outstanding dues of micro enterprises and small enterprises Total outstanding dues of creditors other than micro enterprises and small enterprises (iv) Other fi nancial liabilities (b) Other current liabilities (c) Provisions (d) Current tax liabilities(net) Total current liabilitie s Total liabilities TOTAL EQUITY AND LIABILITIES (tin Lakhs } As at 30.09 .2026 3 1.03.2026 (Unaudited) (Audited) 18,013.10 17,887.88 1,880.55 691.26 1,485.68 990.87 60.68 79.60 53,103.48 45,128.09 206.51 59.72 220.19 1,401.89 214.12 382.89 1,183.30 953.9 1 1,865.41 1,924.52 78,233.02 69,500.63 26,052.28 24,878.84 36,321.33 34,981.81 501.]7 1.629.7 1 39.38 38.01 130.78 1.436.93 2,563 .14 2,37 1.60 5,182.80 2,993.52 70,790.88 68,330.42 1,49,023.90 1,37,831.05 1,249.02 1,249.02 93,192.45 88,539.5 1 94,441.47 89,788.53 1,696.76 1,728.83 882.61 402.07 1.00 1.00 1,012.37 940.89 3,592.74 3,072.79 6,691.92 2,796.7 1 404.34 401.00 5,640.10 6,123.85 32,330.93 30,197.01 4,186.02 2,71 7.61 1,202.68 1,570.20 180.29 1,128.04 353.41 35.31 50,989.69 44,969.73 54,582.43 48,042.52 1,49,023.90 1,37,831.05
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Greeoply Industries Limited Registered Office: Madgul Lounge, 6Tb Floor, 23 Chetla Central Road, Chetla, Kolkata-700027 Corporate Identity Number: L2021 I WB!990PLC268743 Phone: -l-91333051 5000 Fax: +91 33 3051 SOJO Website: www.greenply.com E-mail: investors@greenply.com Statement of Standalone Cash flows Particulars A. Cash flows from operating activities Profit before Tax Adjustments for: Depreciation and amortisation expense Finance costs Interest income Loss/(Gain) on fair valuation of investments Loss on Sale of investments Amortisation of other current assets Loss allowance on trade receivables Liability no longer required wrinen back Loss/(Gain) on sale/discard of property, plant and equipment Commission on guanmlee given to subsidiaries and joint venture Unrealised foreign exchange fluctuations (net) Share based payment expense Cash generated from operation before working capital changes Operating cash flows before working capital changes Working capital adjustments: (Increase) in trade receivables Dccrease/(Increasc) in other non- current financial assets (lncrease)/Decrease in other non current assclS and loans (Increase) in other current financial assets (lncrease)/Decrease in other current assets and loans (lncrease)/Decrease in inventories lncrease/(Dccrease) in trade payables lncrease/(Decrease) in other current financial liabilities (Dccrease)/lncrease if!, other current liabiUtics (Decrease)/Incrcase in provisions Cash generated from operations Income tax paid (net of refund) Net cash generated from operating activities B. Cash flows from investing activities Acquisition of property, plant and equipment and capital work-in-progress Proceeds from sale of property, plant and equipment Acquisition of investments Proceeds from sale of investments Repayment of loan by subsidiary Proceeds in fixed deposits with banks (having maturity of more than 3 months) (Investment) in fixed deposits wilh banks (having maturity of more than 3 months) Commission received on guarantee given to subsidiaries and jo int venture Interest received Net cash used in investing activities C. Cash flows from financing activities Proceeds from issue of share capital and securities premium Proceeds from non-current borrowings (Repayment)/Proceeds from current borrowings (net) (Repayment) of non current borrowings Interest paid Repayment towards lease liabilities including interest Dividend paid Net cash used in financing activities Net increasc /(decrcase) in cash and cash equivalents (A+B+C) Cash and cash equivalents at beginning of the period Cash and cas h equivalents as at end of the period (tin Lakhs) Period ended 30.09.2026 30.09.2025 (Unaudited) (Unaudited) 7,089.60 4,86 1. 13 1,241.08 1,140.40 403.99 465.55 (54.12) (3 II .62) 0.01 76.51 - 120.99 1.00 1.00 58.92 56.39 (30.27) (88.05) 2.92 10.07 (135.84) (161.34) 21.20 (l02.64) 1.47 5.34 1,510.36 1,212.60 8,599.96 6,073.73 (1,398.32) (2,642.34) 1,182.II (157.93) (1 ,375.25) 89.77 (136.48) (980.64) (883.13) 231.74 (1,173.44) 8,398.91 1,636.26 (8,385.96) 1,01!.07 (308.30) (367.52) 187.61 (874.27) 126.69 (2,378.97) (3,440.45) 6,220.99 2,633.28 (1,558.44) (1,118.11) 4,662.55 1,515.17 (1,970.83) (2,145.29) 15.58 951.95 (7,974.99) (16,700.00) - 425.89 1,300.00 14,800.00 - 1,242.54 (0.70) - 122.64 181.34 11.44 589.61 (8,496.86) (653.96) 0.28 4.13 802.97 1,478.86 3,698.28 (I ,506.20) (555.76) - (299.08) (361.29) (316.41) (287.99) (624.51) (624.40) 2,705.77 (1,296.89) (1,128.54) (435.68) 1,629.71 690.23 501.17 254.55
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Notes: Greenply Industries Limited Registered Office: Madgul Lounge, 6Th Floor, 23 Chetla Central Road, Chetla , Kolkata-700027 Corporate Identity Number: L2021JWBl990PLC268743 Phone: +91 33 3051 5000 Fax: +91 33 3051 5010 Website: www.greenply.com E-mail: investors@greenply.com I. The above standalone financial results for the quarter and six months ended 30 September 2026 have been reviewed and recommended by the Audit Committee in their meeting held on 29th October 2026 and approved by the Board of Directors of the Company at their meeting held on even date. These results have been subjected to "limited review" by the Statutory Auditors of the Company who have issued an unmodified review report on the standalone financial results for the quarter and six months ended 30 September 2026. 2. The Company's business activity fall within a single operating segment, namely 'Plywood and allied products'. Accordingly, the disclosure requirements of Ind AS I 08 - 'Operating Segment' are not applicable. 3. Exceptional loss includes the following:- (a) The Board of Directors in their meeting held on 03 June 2025 have approved transfer of 30% of shareholding held in Greenwud Panel Limited (formely known as Greenply Middle East Limited), Dubai, to one of the existing shareholders, for a consideration of INR 425 .89 lakhs (USO 4,91, 774 ). Post approval, the aforesaid transactions was completed on 24 June 2025 (being the effective date of transfer) and the Company had transferred the shareholding in favour of the aforesaid shareholder for the agreed consideration. This had resulted in loss on sale of investment of Rs 120.99 Jakhs and the same has been shown under "exceptional items"for the period ended September 2025. (b) On November 21, 2025, the Government of India notified the four Labour Codes-the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020, collectively referred to as the "New Labour Codes", consolidating 29 existing Jabour Jaws. The Ministry of Labour & Employment published draft Central Rules and FAQs on December 30, 2025, to facilitate assessment of the financial impact arising from these regulatory chages. The Company has assessed and disclosed the incremental impact of these changes on the basis of the best infom,ation available. Considering the materiality and non-recurring nature of this impact, the Company has presented such incremental impact under "Exceptional items" in the standalone statement of profit and loss during the quarter ended 31 December 2025. The incremental impact consisting of gratuity of Rs. 213.57 Lakhs and long-tenn compensated absences of Rs. 126.52 Lakhs. (c) During the quarter ended 31 March 2026, Considering the prevailing geo-political situation in the Middle East, there has been no significant operational activity at Greenwud Panel Limited (formerly known as Greenply Middle East Limited) (GMEL), Dubai. Consequently, the business performance of the entity has fallen short of the approved budgets and business plan over a sustained period. These factors, along with other matters, have adversely impacted the recoverability of the Company's investments, financial guarantees extended to banks for loans availed by Greenwud Panel Limited (formerly known as Greenply Middle East Limited) (GMEL) and advances. The Company has therefore recognised a provision for diminution in the value of its residual investment amounting to Rs. 269.73 lakhs. Additionally, the financial guarantee of Rs. 947.75 lakhs and advances paid of Rs. 298.07 Jakhs have been provided for as impairment loss and loss allowance, respectively, during the quarter ended 31st March 2026. On account of the above (a), (b ), ( c ), the exceptional loss recognized for the year ended 31st March 2026 amount to Rs 1,976.63 Lakhs. 4. The Company has distributed final dividend of Rs 0.50/- per share (50%) (face value of Rs l per share) aggregating to Rs. 624.51 lakhs for the year ended 31 March 2026 as approved by the shareholders in 36th Annual General Meeting held on 25th August, 2026. Place: Kolkata Dated: 29th October 2026 Joint Managing Director (DIN : 06579890)
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BS R & Co. LLP Chartered Accountants Godrej Waterside, Unit No. 603 6th Floor, Tower 1, Plot No 5, Block - DP Sector V, Salt Lake, Kolkata - 700091 Tel: +91 33 4035 4200 Fax: +91 33 4035 4295 Limited Review Report on unaudited standalone financial results of Greenply Industries Limited for the quarter ended 30 September 2026 and year to date results for the period from 01 April 2026 to 30 September 2026 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To the Board of Directors of Greenply Industries Limited 1. We have reviewed the accompanying Statement of unaudited standalone financial results of Green ply Industries Limited (hereinafter referred to as "the Company") for the quarter ended 30 September 2026 and year to date results for the period from 01 April 2026 to 30 September 2026 ("the Statement"). 2. This Statement, which is the responsibility of the Company's management and approved by its Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"). Our responsibility is to issue a report on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. Kolkata 29 October 2026 For B S R & Co. LLP Chartered Accountants Firm 's Registration No.: 101248W/W-100022 Seema Mohnot Partner Membership No. : 060715 UDIN :26060715WOQRFV5061 Registered Office: BS R & Co. (a partnership firm with Registration No. BA61223) converted into BS R & Co. LLP (a Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013 14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon {East), Mumbai - 400063 Page 1 of 1
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Sr. No. I. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. A. B. c. Greenply Industries Limited Registered Office: 1 Madgul Lounge', 6th Floor, 23 Chetla Central Road, Kolkata - 700 027 Corporate Identity Number: L20211WB1990PLC268743 Phone: +91 33 3051 5000 Fax: +91 33 3051 5010 Website: www.greenply.com E-mail: investors@greenply.com Statement of Conso lidated Profit and Loss for the quarter and six months ended 30 September 2026 Previous Three Corresponding Year to date Three months ended months ended Three months ended figures for the Particulars 30.09.2026 30.09.2025 in the current period 30.06.2026 previous year ended 30.09.2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Income a) Revenue from operations 79,968.60 72,488 .64 68,857.48 1,52,457 .24 b) Other income 348.87 I 81.78 175.25 530.65 Total Income 80,317.47 72,670.42 69,032.73 1,52,987.89 Expenses a) Cost of materials consumed 31,337.86 29,272.20 24,805.8 I 60,610.06 b) Purchase of stock-in-trade 18,877.33 12,323.49 11,741.52 31,200.82 c) Changes in inventories of finished goods, (3,603.37) 94.94 6,3 19.11 (3,508.43) work-in-progress and stock-in-trade d) Employee benefits expense 10,099.94 9,888.23 8,998.25 19,988 .17 e) Finance costs (Refer Note 5) 1,111.51 748.77 1,349.14 1,860.28 I) Depreciation and amortisation expenses 1,837.90 1,743.44 1.583.63 3,581.34 g) Other expenses 14,333.92 13,080.03 11 ,3 16.64 27,413.95 Tota I Expenses 73,995.09 67, 151.10 66,114.10 1,41,146.19 Profit before share of (loss) of equity accounted 6,322.38 5,519.32 2,918.63 11,841.70 investees, exceptional items and tax (1-2) Share of (loss) of equity accounted investees (632.19) (573. 79) (587.85) (1,205.98) Exceptional items (Refer Note 4) - - - - Profit before tax (3+4+5) 5,690.19 4,945.53 2,330.78 10,635.72 Tax expense a) Current tax 1,363.25 981.74 886.75 2,344.99 b) Deferred tax 54.28 202.69 (154.19) 256.97 Total tax expense 1,417.53 I, 184.43 732.56 2,601.96 Profit for the period (6-7) 4,272.66 3,761.10 1,598.22 8,033.76 Other Comprehensive Income Items that will not be reclassified to profit or loss 1.00 1.00 1.00 2.00 Income tax relating to items that will nor be reclassified to (0.25) (0.25) (0.25) (0.50) profit or loss Items that will be reclassifi ed to profit or loss 0.42 (0.04) 3.36 0.38 Income tax relating to items that will be reclassified to - - -profit or loss Other Comprehensive Income/ (Loss) for the period 1.17 0.71 4.11 1.88 Total Comprehensive Income for the period (8+9) 4,273 .83 3,761.81 1,602.33 8,035.64 Paid-up equity share capital (Face value 't 1/- each) 1,249.02 1,249.02 1,248.81 1,249.02 Other equity Earnings per equity sbarc(off 1/- each) a) Basic(~) 3.42* 3.01* 1.28* 6.43 b) Diluted(~) 3.42* 3.0 1* 1.27* 6.43 * Not annualised Profit/(loss) for the year attributab le to: Owners of the company 4,261.59 3,751.96 1,599.88 8,013.55 Non-controll ing interests 11.07 9.14 (1.66) 20.21 Other comprehensive income/(loss) attributable to: Owners of the company 1.17 0.7 1 4.11 1.88 Non-controlling interests - - - - Total comprehensive income/(loss) attributable to: Owners of the company 4,262.76 3,752.67 1,603.99 8,015.43 Non-controlling interests 11.07 9. 14 (1.66) 20.21 (tin Lakhs) Year to date figures for the previous Year ended period ended 31.03.2026 30.09.2025 (Unaudited) (Audited) 1,28,938.67 2,73,903.56 1,492.27 1,859.59 1.30,430.94 2,75,763.15 51,524.51 1,09,277. 12 22,789.82 49,745.86 2,933.33 3,669.87 17, 108.16 35,124.29 3,200.38 5,525.60 3,120.98 6,464.39 22,746.04 49,033 .14 1,23,423 .22 2,58,840.27 7,007.72 I 6,922.88 (1,502.56) (2,940.51) 443.34 (1,456.80) 5,948.50 12,525.57 1,570.45 3,540.85 (65.93) 6.74 1,504.52 3,547.59 4,443.98 8,977.98 2.00 196.26 (0.50) (46.64) (13.73) (10.32) - - (12.23) 139.30 4,431.75 9,117.28 1,248.81 1,249.02 88,234. 12 3.56* 7.19 3.55* 7.18 4,445.64 8,953. I 8 (1.66) 24.80 (12.23) 138.32 0.98 4,433.4 1 9,091.50 (1.66) 25.78
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Sr. No. I. 2. 3. 4. Greenply Industries Limited Registered Office: 'Madgul Lounge', 6th Floor, 23 Cbetla Central Road , Kolkata - 700 027 Corporate Identity Numb er: L20211 WBI990PLC268743 Phone: +91 33 3051 5000 Fax: +91 33 3051 SOJO Website: www.grecnply.com E•mail: invcstors @grcenply.com Consolidated Seement wise Revenue, Results, Assets and Liabilities for the quarter and six months ended 30 September 2026 Previous Three Corresponding Three Year to date Year to date figures Three months ended months ended months ended figures for the for the previous Particulars 30.09.2026 30.09.2025 in the current period period ended 30.06.2026 previous year ended 30.09.2026 30.09.2025 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) Segment Revenue a) Plywood and allied products 62,613.61 53,!09.0 1 54,169 .1 1 1,15,722.62 99,552.57 b) Medium density fibreboards and allied products 17,389.59 19,566.54 14,688.75 36,956.13 29,417.39 Total(a+b) 80,003.20 72,675.55 68,857.86 1,52,678.75 1,28,969.96 Less: Inter segment revenue 34.60 186.91 0.38 221.51 31.29 Revenue from operations 79,968.60 72,488.64 68,857.48 1,52,457.24 1.28,938.67 Segment Result a) Plywood and allied products 5,465.12 3,733.26 3,886.07 9,198.38 7,1 18.26 b) Medium density fibreboards and allied products 2,015.14 2,613.97 432.33 4,629.11 2,020.01 Total (a+b) 7,480.26 6,347.23 4,318.40 13,827.49 9,138.27 Less: (i) Finance costs (Refer Note 5) 1,111.51 748.77 1,349.14 1,860.28 3,200.38 (ii) Other unallocable expenditure net of 46.37 79.14 50.63 125.51 (1,069.83) unallocable (income) (iii) Share of loss of equity accounted investees 632.19 573.79 587.85 1,205.98 1,502.56 Total Profit before exceptional items and tax 5,690.19 4.945.53 2,330.78 10,635.72 5.505.16 Exceptional items (Refer Note 4) - - - - 443.34 Total Profit before tax 5,690.19 4,945 .53 2,330.78 10,635.72 5,948.50 Sl.-gmcnt Assets a) Plywood and allied products 1,22,535.31 I, 12,842.54 1,06,855.63 1,22,535.31 1,06,855.63 b) Medium density fibreboards and allied products 87,926.45 83,137.91 74,028.65 87,926.45 74,028.65 c) Unallocated 7,281.84 7,552.72 7,620.58 7,281.84 7,620.58 Total Segment Assets 2,17,743.60 2,03,533.17 1,88,504.86 2,17, 743.60 1.88,504.86 Segment Liabilities a) Plywood and allied-products 68,916.58 60,934. IO 55,631.67 68,916.58 55,631.67 b) Medium density fibreboards and allied products 51,196.43 48,777.44 48,037.42 51,196.43 48,037.42 c) Unallocated 679.09 522.09 124.48 679.09 124.48 Total Segment Liabilities 1,20,792.IO 1,10,233.63 1,03,793.57 1,20,792.10 1,03,793.57 (tin Lakhs) Year ended 31.03.2026 (Audited) 2,10,462.58 63,513.35 2,73,975.93 72.37 2, 73,903.56 16,555.53 5,166.29 21,721.82 5,525.60 (726.66) 2,940.5 I 13,982.37 (1,456.80) 12,525.57 1,13,339. 17 76,020.93 6,805.32 1.96,165.42 60,107.91 46,345.14 175.20 1,06,628.25
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Sr. No >---A. I. 2. B. 1. 2. 3. Particulars ASSETS Non-curren t assets (a) Property, plant and equipment (b) Capital work-in-progress (c) Right of use assets (d) Intangible assets Greenply Industries Limited Registered Office: 1Madgul Lounge', 6th Floor, 23 Chetla Central Road, Kolkata - 700 027 Corporate Identity Number: L20211WB1990PLC268743 Phone: +91 33 3051 5000 Fax: +91 33 3051 5010 Website: www.greenply.com E-mail: investors @greenpl y.com Consolidated Balance Sheet {e) Intangible assets under development (e) Investments accounted for using the equity method (f) Financial assets (i) Investments (ii) Loans (iii) Other financial assets (g) Non-current tax assets (net) (h) Deferred tax assets (net) (i) Other non-current assets Total non-current assets Current assets (a) Inventories (b) Financial assets (i) Trade rece ivables (ii) Cash and cash equivalents (iii) Bank balances other than cash and cash equivalents (iv) Loans (v) Other financial assets (c) Other current assets Total current assets TOT AL ASSETS EQUITY AND LIABILITIES Equity (a) Equity share capital (b) Other equity Equity attr ibut.lble to owners of the Company Non-Controlling Interest Total equity Non-current liabilities (a) Financial liabilities (i) Borrowings (ii) Lease liabiliries (iii) Other financial liabilities (b) Provisions (c) Deferred tax liabilities(net) Total non-current liabilities Current Liabilities (a) Financial liabilities (i) Borrowings (ii) Lease liabilities (iii) Trade payables Total outstanding dues of micro enterprises and small enterprises Total outstanding dues of creditors other than micro enterprises and small enterprises (iv) Other financial liabilities (b) Other current liabilities {c) Provisions (d) Current tax liabilities(net) Total current liabilities Total liabilities TOTAL EQUITY AND LlABILlTlES ({ in Lakbs) Asat 30.09 .2026 31.03.2026 (Unaudited) (Audited) 86,606 .79 85,546.35 8,670.82 5,005.03 7,385.74 3,340.34 1,831.58 1,856.87 - - 4,9 12.32 4,893.30 573.79 565.48 241.79 74.23 436.18 336.38 249.76 427.48 1,212.93 967.18 11,447.1 9 7,050.62 I ,23,568.89 l,I0 ,063.26 40,478.33 36,443.70 42,157.74 40,700.72 3,096.46 2,749.31 151.47 38.01 142.44 196.78 995.67 1,072.24 7,152.60 4,901.40 94,174.71 86,102.16 2,17,743.60 1,96, 165.42 1,249.02 1,249.02 95,628.24 88,234. 12 96,877.26 89,483. 14 74.24 54.03 96,951.50 89,537. 17 36,377.80 36,910.25 4,040.96 1,214.53 1.00 1.00 1,514.90 1,394.40 671.92 168.70 42,606.58 39,688.88 21,316 .22 12,005.12 1,690.14 1,358.02 6,744.48 7,938.41 39,133.85 37,280.99 5,882.38 4,364.65 2,769.24 2,747.9 1 246.77 1,190.55 402.44 53.72 78,185 .52 66,939.37 1,20,792.10 1,06,628.25 2,17,743.60 1,96, I 65.42
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Greenply Industries Limited . Registered Otlice: 'Madgul Lounge', 6th Floor, 23 Chetla Central Road, Kolkata ~ 700 027 Corporate Identity Number: L20211 WBl990PLC268743 Phone: +91 33 3051 5000 Fax: +91 33 3051 5010 Website: www.greenply.com E•mail: investor s@gree nply.com Statement of Consolidated Cash flows Particulars A. Cash flows from operating activities Profit before Tax Adjustments for: Depreciation and amortisation expense Finance costs Loss/(Gain) on fair valuation of investments Loss allowance on trade receivables (net) Loss/(Gain) on sale/discard of property, plant and equipment and intangible assets (Gain) on Sale of investments Amortisation of other current assets Liability no longer required written back Interest income Commission on guarantee given to joilll venture & associate Unrealised foreign exchange fluctuations (net) Share of loss from equity accounted investees Share based payment expense Cash ~enerated from operation before working capital changes Operating cash flows before working capital changes Working capital adjustments: (Increase) in trade receivables (Jncreasc) in other non- current financial assets (lncrease)/Decrease in other non current assets and loans Decrease/(lncrease) in other current financial assets (Increase) in other current assets and loans (lncrease)/Decrcase in inventories lncrease/{Decrease) in trade payables lncrease/(Decrease) in other current financial liabilities increase in other current liabilities (Decrease)/lncrease in provisions Cash generated from operations lncome tax paid {net of refund) Net cash gene rated from operating activities B. Cash flows from investing activities Acquisition of property, plant and equipment and capital work-in-progress Proceeds from sale of property, plant and equipment Acquisition of investments Proceeds from sale of investments (Investment) in fixed deposits with banks (having maturity of more than 3 months) Proceeds from maturity of fixed deposits with banks {having maturity of more than 3 months) Comrrussion received on &,T\Jarantee from joint venture & associate Interest received Net cash used in investing acth •itics C. Cash flows from financing activities Proceeds from issue of share capital and securities premium Proceeds from non-current borrowings Procceds/{Repayment) from current borrowings (Repayment) of non curren t borrowings Interest paid Repayment towards lease liabilities including interest Dividend paid Net cash used in financing activities Net lncrease/(Decrease) in cash and cash equivalents (A+B+C) Cash and cash equivalents at beginning of the period (less bank overdrafts) Effect of exchange rate fluctuations on cash held Cash and cash equivalents as at end of the period (ti n Lakhs) Period ended 30.09.2026 30.09.2025 (Unaudited) (Unaudited) 10,635.72 5,948.50 3,581.34 3.120.98 1,860.28 3,200.38 0.01 (0.01) 124.18 90.36 21.54 12.09 - (713.07) 11.65 22.30 (46.65) (88.05) (24.99) (39.20) (13.79) (43.33) (120.87) 1,038.62 1,205.98 1,502.56 1.47 7.75 6,600.15 8,111.38 17,235.87 14,059.88 (1,581.32) (4,552.63) (46.47) (10.84) (72.26) 124.70 65.97 (305.97) (2,208.51) (793.80) (4,034.63) 11 ,836.37 514.34 (11 ,828.03) 1,384.97 (1,196.32) 21.33 374.74 (821.28) 171.46 (6,777.86) (6,180.32) 10,458.01 7,879.56 (1,818.55) (1,289.74) 8,639.46 6,589.82 (13,397.77) (5,569.99) 26.57 64.26 (1,276.87) (1,138.25) - 425.89 (I 12.79) - 1,344.75 24.39 64.52 16.66 30.73 (14,719.81) (4,778.09) 0.28 4.13 5,233.36 3,391.1 1 7,920.19 1,130.99 (4,066.40) (2,938. 19) (1,617.63) (3,052.04) (419.14) (289.48) (624.51) (624.40) 6,426.15 (2,377.88) 345.80 (566. 15) 2,749.31 1,085.24 1.35 9.59 3,096.46 528.68
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Notes: Greenply Ind ustri es Limited Registered Office: 1Madgul Lounge' , 6th Floor, 23 Chet la Central Road, Kolkata -700 027 Corporate Identity Number: L2021 IWBI990PLC268743 Phone: +91333051 5000 Fax: +9133 3051 SOJO Website: www.greenply.com E-mail: investors @greenply.com 1. The above consolidated financial results for the quarter and six months ended 30 September 2026 have been reviewed and recommended by lhc Audit Committee in their meeting held on 29th Octaber 2026 and approved by the Board of Directors of the Parent Company at their meeting held on even date. These resulLs have been subjected to "limited review" by the Statutory Auditors of the Parent Company who have issued an unmodified review report on the consolidated financial results for the quarter and six months ended 30 September 2026, 2. Based on the guiding principles given in Ind AS 108 on 'Operating Segments', the Group's business activity falls within rwo operating segments, namely. a) Plywood and allied products b) Mediwn density fibreboard and allied products Segment Revenue, Results, Assets, and Liabilities represent amounts identifiabk to each of the segments. Other ·'unallocable expenditure net of unallocable income" mainly includes interest income, expenses on common services not directly identifiable to individual segments. Segment Assels and Segment Liabilities arc as a l 30th September 2026, 30th June 2026, 31st March 2026 and 30th September 2025 . Unallocable corporate asseLs less unallocable corporate liabilities mainly represents investment of surplus funds. 3. The consolidated financial results include the financial results of subsidiaries - Greenply Speciality Panels Private Limited (India), Greenply Sandila Private Limited (India), Alishan Panels Private Limited (India) and Greenply Holdings Pte. Limited (Singapore) {w.c.f04th March 2026) including its wholly owned subsidiary company Greenply Global Trading Pte. Limited (Formely known as Greenply Alkema! (Singapore) Pte. Limited, Singapore) , and its step down wholly owned subsidiary company - Greenply Industries (Myanmar) Private Limited, (Myanmar)}. The consolidated financial results also includes share of profi.t/(loss) of equity accounted investees - Greenply Global Trading Pte. Limited (Formely known as Greenply Alkema! (Singapore) Pte. Limited, Singapore) {including its wholly owned subsidiary company - Greenply Industries (Myanmar) Private Limited, (Myanmar)}(upto 03rd march 2026), Greenply Samet Private Limited and Greenwud Panel Limited (Formely known as Greenply Middle East Limited)(upto 24th June 2025) {including its wholly owned subsidiary company - Greenply Gabon S.A. (West Africa)} which arc accounted under equity method as set out in Ind AS 28 - 'Investment in Associates and Joint Ventures' notified by Ministry of Corporate Affairs, 4. (a) The Board of Directors of Parent Company in their meeting held on 03 June 2025 have approved transfer of 30% of shareholding held in Greenwud Panel Limited (formely known as Greenply Middle East Limited), Dubai, to one of the existing shareholders, for a consideration of INR 425.89 !alms (USD 4,91, 774). 5. Post approval, the aforesaid trans::ictions was completed on 24 June 2025, (being the effective date of transfer) and the Group had transferred the shares to the aforesaid shareholder. This had resulted in gain of Rs. 443.34 lakhs which has been shown as "exceptional item" for the period ended 30 September 2025. Consequently, Greenwud Panel Limited (formely known as Green ply Middle East Limited) ceases to be an ;'Associate" of the Group after such tr,.msfer. (b) On November 21 , 20:25, the Government of India notified the four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020, collectively referred to as the "New Labour Codes", consolidating 29 existing labour laws. The Ministry of Labour & Employment published draft Central/ State Rules and FAQs on December 30, 2025, to facilitate assessment of the financial impact arising from these regulatory cbages, The Group has assessed and disclosed the incremental impact of these changes on the basis of the best information available. Considering the materiality and non-recurring nature of this impact, the Group bas presented such incremental impact of Rs 384.60 Lakhs under "Exceptional items" in the consolidated statement of profit and loss during the quarter ended 31 December 2025. (c) During the quarter ended 31st March 2026, Considering the prevailing geo-political situation in the Middle East, there has been no significant operational activity at Greenwud Panel Limited (formerly known as Greenply Middle East Limited) (GMEL), Dubai. Consequently, the business perfonnance of the entity has fallen short of the approved budgets and business plan over a sustained period. These factors, along with other matters, have adversely impacted the recoverability of the Group's investments, financial guarantees extended to banks for loans availed by Grecnwud Panel Limjtcd (forrnely known as Grecnply Middle East Limited) and advances The Group bas therefore recognised a provision for diminution in the value of its residual invesnnent amounting to Rs, 269.73 lakhs. Additionally, the financial guarantee of Rs. 947.75 lakhs and advance!s paid of Rs. 298.07 lakhs have been provided for as impainnent loss and loss allowance, respectively, during the quarter ended 31 March 2026. On account of the above (a), (b), (c), the stipulated loss recognized for ti1e year ended 3 1st March 2026 amount to Rs 1,456.80 Lakhs. Particulars Finance costs includes the effect of foreign exchange fluctuation loss/{gain) in respect of long-term borrowings for the MDF Plant, to the extent that they are regarded as an adjustment to finance cost Three months ended 30.09.2026 81.08 Previous Three months ended 30.06.2026 (72.58) Corresponding Three Year to date figures Y car to date figures months ended for the current for the previous 30.09.2025 in the period ended period ended previous year 30.09.2026 30.09.2025 383.44 8.50 1271.38 Year ended 31.03.2026 1697.66 - By ~ .. fth_. Board ofa rectors Place: Kolkata ~ ittal Joi nt Managing Director (DIN : 06579890) Dated: 29th October 2026
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I ,; !{, Godrej Waterside, Unit No. 603 BS R & Co. LLP Chartered Accountants 6th Floor, Tower 1, Plot No 5, Block - DP Sector V, Salt Lake, Kolkata - 700091 Tel: +91 33 4035 4200 Fax: +91 33 4035 4295 Limited Review Report on unaudited consolidated financial results of Greenply Industries Limited for the quarter ended 30 September 2026 and year to date results for the period from 01 April 2026 to 30 September 2026 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To the Board of Directors of Greenply Industries Limited 1. We have reviewed the accompanying Statement of unaudited consolidated financial results of Greenply Industries Limited (hereinafter referred to as "the Parent"), and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group") and its share of the net loss after tax and total comprehensive loss of its joint venture for the quarter ended 30 September 2026 and year to date results for the period from 01 April 2026 to 30 September 2026 ("the Statement"), being submitted by the Parent pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"). 2. This Statement, which is the responsibility of the Parent's management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting . matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable. 4. The Statement includes the results of the following entities: Parent: Greenply Industries Limited (GIL) Subsidiaries: a. Greenply Holdings Pte. Limited (GHPL) (wholly owned subsidiary of GIL) b. Greenply Sandila Private Limited (wholly owned subsidiary of GIL) c. Greenply Speciality Panels Private Limited (Formerly known as Baahu Panels Private Limited) (wholly owned subsidiary of GIL) d. Alishan Panels Private Limited (subsidiary of GIL) e. Greenply Global Trading Pte. Limited (formerly known as Alkemal (Singapore) Pte. Limited) (GGTPL) (wholly owned subsidiary of GHPL) f. Greenply Industries (Myanmar) Private Limited (wholly owned subsidiary of GGTPL) Co. (a partnership finn with Registration No. BA61223) converted into 8 SR & Co. LLP (a iability Partnership with LLP Registration No. AAB-8181) 'Nith effect from October 14, 2013 Registered Office: 14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063 Page 1 of 3
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BS R & Co. LLP Joint Venture: g. Greenply Samet Private Limited (Joint venture of GIL) Limited Review Report (Continued) Greenply Industries Limited 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. We did not review the interim financial information of two subsidiaries included in the Statement, whose interim financial information reflects total assets (before consolidation adjustments) of Rs. 32,011 lakhs as at 30 September 2026 and total revenues (before consolidation adjustments) of Rs. 10,983.97 lakhs and Rs. 21 ,012.30 lakhs, total net profit after tax (before consolidation adjustments) of Rs. 783.50 lakhs and Rs. 1,248.97 lakhs and total comprehensive income (before consolidation adjustments) of Rs. 783.50 lakhs and Rs. 1,248.97 lakhs, for the quarter ended 30 September 2026 and for the period from 01 April 2026 to 30 September 2026 respectively, and cash outflow (before consolidation adjustments) of Rs. 1.66 lakhs for the period from 01 April 2026 to 30 September 2026 as considered in the Statement. The Statement also include the Group's share of net loss after tax of Rs. 632.19 lakhs and Rs. 1,205.98 lakhs and total comprehensive loss of Rs. 632.19 lakhs and Rs. 1,205.98, for the quarter ended 30 September 2026 and for the period from 01 April 2026 to 30 September 2026 respectively as considered in the Statement, in respect of one joint venture, whose interim financial information have not been reviewed by us. These interim financial information have been reviewed by other auditors whose reports have been furnished to us by the Parent's management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries and joint venture, is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above. Our conclusion is not modified in respect of this matter. 7. The Statement includes the interim financial information of three subsidiaries (including two step down subsidiaries) which have not been reviewed, whose interim financial information reflects total assets (before consolidation adjustments) of Rs. 295.24 lakhs as at 30 September 2026 and total revenues (before consolidation adjustments) of Rs. 41 .65 lakhs and Rs. 492.95 lakhs, total net (loss) after tax (before consolidation adjustments) of Rs. 9.89 lakhs and Rs. 20.24 lakhs and total comprehensive loss (before consolidation adjustments) of Rs. 9.89 lakhs and Rs. 20.24 lakhs, for the quarter ended 30 September 2026 and for the period from 01 April 2026 to 30 September 2026 respectively, and cash outflows (net) (before consolidation adjustments) of Rs 39.48 lakhs for the period from 01 April 2026 to 30 September 2026 as considered in the Statement. According to the information and explanations given to us by the Parent's management, these interim financial information are not material to the Group. Page 2 of3
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BS R & Co. LLP Limited Review Report (Continued) Greenply Industries Limited Our conclusion is not modified in respect of this matter. Kolkata 29 October 2026 For B S R & Co. LLP Chartered Accountants Firm's Registration No.: 101248W/W-100022 Seema Mohnot Partner Membership No.: 060715 UDIN:26060715PWWMTT1717 Page 3 of 3
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Greenply/2026-27 October 29, 2026 The Manager BSE Limited Department of Corporate Services Floor 25, P. J. Towers, Dalal Street Mumbai - 400 001 Scrip Code: 526797 Dear Sir/ Madam, Sub: Outcome of Board Meeting HAR ZARURAT KA REPLY The Manager National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex Bandra (E) Mumba i - 400 051 Symbol - GREEN PLY Ref: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 30 read with Schedule Ill and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Regulations), we would like to inform you that the Board of Directors of Greenply Industries Limited ("the Company") at its meeting held today i.e. on 29.10.2026: 1. discussed and noted the proposed expansion of manufacturing capacity of plywood and its allied products unit of Green ply Sandila Private Limited, Company's wholly owned subsidiary, situated at Sandila, District - Hardoi, Uttar Pradesh. The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are enclosed as Annexure -A. 2. approved further investment upto INR 30 crores in one or more tranches in Equity Shares of face value of Re.1/- each of the Company's wholly owned subsidiary, Green ply Sandi la Private Limited (GSPL) for proposed expansion of manufacturing capacity of its plywood and its allied products unit situated at Sandila, District - Hardoi, Uttar Pradesh. The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, . 2015 are enclosed as Annexure - B. 3. based on the recommendation of Nomination and Remuneration Committee, approved the revision in managerial remuneration of Mr. Rajesh Mittal (DIN: 00240900), Chairman cum Managing Director of the Company, subject to approval of the shareholders of the Company. The proposed revision in remuneration will be effective from the date of shareholders approval for existing tenure of Mr. Rajesh Mittal i.e. until December 31, 2030. Greenply Industries Limited 'Madgul Lounge·, 5th & 6th Floor, 23 Chetla Central Road, Kolkata - 700027, West Bengal, India T: +91 33 24500400, 30515000 I E: kaushaLagarwal@greenply.com I www.greenply.com I CIN: L20211 WB1990PLC268743 Registered Office: 'Madgul Lounge', 6th Floor, 23 Chetla Central Road, Chetla, Kolkata - 700027, West Bengal, India
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HAR ZARURAT KA REPLY 4. based on the recommendation of Nomination and Remuneration Committee, approved the revision in managerial remuneration of Mr. Sanidhya Mittal {DIN: 06579890}, Joint Managing Director of the Company, subject to approval of the shareholders of the Company. The proposed revision in remuneration will be effective from the date of shareholders approval for existing tenure of Mr. Sanidhya Mittal i.e. until February 06, 2028. 5. based on the recommendation of Nomination and Remuneration Committee, approved the revision in remuneration of Ms. Surbhi Poddar, a related party, working as "Associate General Manager - Marketing {Brand Communication)" of the Company, subject to approval of the shareholders of the Company. The proposed revision in remuneration will be effective from the date of shareholders approval. 6. approved the appointment of Mr. Gaurav Drolia as Executive Vice President - Chief Strategy Officer and Senior Management Personnel {SMP} of the Company with effect from 3i5t October, 2026, based on the recommendation ofthe Nomination and Remuneration Committee. The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are given in the enclosed Annexure - C. 7. based on the recommendation of the Audit Committee, approved the appointment of M/s. MSKA & Associates LLP (Formerly known as MSKA & Associates), Chartered Accountants, (ICAI Firm Registration No.105047W/W101187} as Statutory Auditors of the Company for a term of 5 (five) consecutive years, commencing from the conclusion of the 37th Annual General Meeting (AGM) (to be held in the year 2027) until the conclusion of the 42nd AGM {to be held in the year 2032), subject to the approval of the Shareholders of the Company and other statutory requirements, as applicable. It is hereby submitted that M/s. BS R & Co. LLP, Chartered Accountants {ICAI Firm Registration No. 101248W/W-100022}, the current Statutory Auditors of the Company, will continue to undertake the audit of the Company until the conclusion of the 37th Annual General Meeting to be held in the year 2027. The details as required under SEBI {Listing Obligations and Disclosure Requirements) Regulations, 2015 are given in the enclosed Annexure - D. The meeting commenced at 01:30 p.m. and concluded at OJ : 115' p.m. Thanking You, Yours faithfully, For GREENPLY INDUSTRIES LIMITED KAUSHAL KUMAR AGARWAL COMPANY SECRETARY & VICE PRESIDENT-LEGAL Encl.: As above Greenply Industries Limited 'Madgul Lounge', 5th & 6th Floor; 23 Chetla Central Road, Kolkata - 700027, West Bengal, India T: +91 33 24500400, 30515000 I E: kaushal.agarwal@greenply .com I www.greenply.com I CIN: L20211WB1990PLC268743 Registered Office: 'Madgul Lounge', 6th Floor, 23 Chetla Central Road, Chetla, Kolkata - 700027, West Bengal, India
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HAR ZARURAT KA REPLY ANNEXURE-A CAPACITY ADDITION: GREENPLY SANDILA PRIVATE LIMITED, WHOLLY OWNED SUBSIDIARY OF THE COMPANY Sr. No. Particulars Details a. existing capacity 52.80 million Sq. Mtr. per annum (Includ ing Greenply Industries Limited, Holding Company) apart from 13.50 million Sq. Mtr. under construction in Kora put, Odisha. b. existing capacity utilization Nearly 98% (Including Greenply Industries Limited, Holding Company) of 52.80 million Sq. Mtr . C. proposed capacity addition 15.00 million Sq. Mtr. d. period within which the proposed by Q4 of FY 2028 capacity is to be added e. investment required Approx Rs. 125 crores f. mode of financing Term loan from bank, Equity from holding company and internal accruals g. rationale The Company expects the near-term demand for plywood and allied products to exceed the available capacity that the Company, along with its subsidiaries, presently has. Accordingly , the Company's Wholly Owned Subsidiary decided to increase its production capacity. Greenply Industries Limited 'Madgul Lounge', 5th & 6th Floor, 23 Chetla Central Road, Kolkata - 700027, West Bengal, India T: +91 33 24500400, 30515000 I E: kaushal.agarwal@greenply .com I www .greenply .com I CIN: L20211WB1990PLC268743 Registered Office: 'Madgul Lounge', 6th Floor, 23 Chetla Central Road, Chetla, Kolkata - 700027, West Bengal, India
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ANNEXURE-B I ~ HAR ZARURAT KA REPLY DETAILS OF INVESTMENT UPTO INR 30 CRORES IN ONE OR MORE TRANCHES IN EQUITY SHARES OF FACE VALUE OF RE. 1/- EACH OF THE COMPANY'S WHOLLY OWNED SUBSIDIARY I.E. GREENPLY SANDILA PRIVATE LIMITED (GSPL) Sr. No. a) b) Particulars Name of the target entity, details in brief such as size, turnover etc. . Whether the acquisition would fall within related partytransaction(s) and Details Green ply Sandi la Private Limited (GSPL} is a wholly owned subsidiary of Greenply Industries Limited, incorporated in India on May 24, 2021. GSPL is engaged in the business of manufacturing, trading and marketing of Plywood, Doors, Block Boards, Veneer and allied products . The total Income, PAT and Net Worth of GSPL as per the previous three years audited financial statements are: Rs. in Crore Particulars FY 2026 FY 2025 FY 2024 Total 289.76 249.13 195.37 Income PAT 18.51 11.28 8.45 .Net Worth 132.24 59.67 48.31 Yes. whether the promoter/promoter GSPL is a wholly owned subsidiary of Greenply group/group companies have any Industries Limited . With the infusion of further interest in the entity being acquired? funds up to INR 30 crores, by way of further If yes, nature of interest and details subscription of 30,00,00,000 Equity Shares of Re. thereof and whether the same is done 1/- each of Green ply Sandila Private Limited at "arm's length" (GSPL}, GSPL will continue to be a wholly owned subsidiary of Green ply Industries Limited. The funds raised by way of issue of Equity Shares will be used by GSPL for proposed expansion of manufacturing capacity of its plywood and its allied products unit situated at Sandila, District - Hardoi, Uttar Pradesh. The transaction will be carried out in compliance with all applicable laws. Greenply Industries Limited 'Madgul Lounge', 5th & 5th Floor, 23 Chetla Central Road, Kolkata - 700027, West Bengal, India T: +91 33 24500400 , 30515000 I E: kaushal.agarwal@greenply .com I www .greenply.com I CIN: L20211 WB1990PLC258743 Registered Office: 'Madgul Loung e', 5th Floor, 23 Chetla Central Road, Chetla, Kolkata - 700027, West Bengal, India
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c) d) e) f) g) h) i) j) HAR ZARURAT KA REPLY Industry to which the entity being Manufacturing, trading and marketing of acquired belongs Plywood, Doors, Block Boards, Veneer and allied products . Objects and impact of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity) Funding for proposed expansion of manufacturing capacity of plywood and its allied products of unit of GSPL situated at Sandila, District - Hardoi, Uttar Pradesh. The Company expects the near-term demand for plywood and allied products to exceed the available capacity that the Company, along with its subsidiaries, presently has. Accordingly, the Company's Wholly Owned Subsidiary decided to increase its production capacity. Brief details of any governmental or Not Applicable regulatory approvals required for the acquisition Indicative time period for completion The acquisition of Equity Shares will be made by of the acquisition Q4 of FY 2028, in one or more tranches. Consideration whether cash Cash consideration consideration or share swap or any other form and details of the same Cost of acquisition and/or the price at which the shares are acquired Percentage of shareholding / control acquired and / or number of shares acquired Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief) Total cost of acquisition up to INR 30,00,00,000/- 100% Provided in Point a) of this table. Greenply Industries Limited 'Madgul Lounge', 5th & 6th Floor, 23 Chetla Central Road, Kolkata - 700027, West Bengal, India T: +91 33 24500400, 30515000 I E: kaushal.agarwal@greenply.com I www .greenply.com I CIN: L20211 WB1990PLC268743 Registered Office: 'Madgul Lounge', 6th Floor, 23 Chetla Central Road, Chetla, Kolkata - 700027, West Bengal, India
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ANNEXURE-C I ~ HAR ZARURAT KA REPLY DETAILS OF MR. GAURAV DROLIA AS EXECUTIVE VICE PRESIDENT - CHIEF STRATEGY OFFICER AND SENIOR MANAGEMENT PERSONNEL (SMP) OF THE COMPANY SI. No. Particulars Details 1 2 3 4 Reason for change viz. appointment, re appointment resignation, removal, death or otheP.vise Date of appo intmentffe- appointment/cessation (as applicable) & term of appointment/re appointment; Brief profile (in case of appointment) Appointment of Mr. Gaurav Drolia as Executive Vice President - Chief Strategy Officer and Senior Management Personnel (SMP) of the Company. Date of appointment: with effect from 31st October, 2026. Terms of appointment: Full-Time Employment. Mr. Gaurav Drolia is a Chartered Accountant and has also completed his MS (Finance). He has over 20 years of professiona l experience, in the areas of Deal Advisory, Corporate Restructur ing, Transaction Advisory , Due Diligence and Valuations. With strong understanding of the regulatory framework & commercial realities, he has developed expertise in Transaction Advisory, Corporate Restructuring, Busi_ness Acquisitions (Domestic & Cross Border.), Financial Due Diligence and Valuation including valuation of shares, businesses, Intangible asset valuations, Purchase Price Allocations. During his professional experience, he has gained experience across various industries · like Cement, Building Material, Pharmaceuticals, .Healthcare, Engineering, Automobile and Financial Services. Disclosure of relationships Not App licable between directors (in case of appointment of a Director) Greenply Industries Limited 'Madgul Lounge', 5th & 6th Floor, 23 Chetla Central Road, Kolkata - 700027, West Bengal, India T: +91 33 24500400, 30515000 I E: kaushal.agarwal@greenply .com I www .greenply.com I CIN: L20211WB1990PLC268743 Registered Office: 'Madgul Lounge', 6th Floor, 23 Chetla Central Road, Chetla, Kolkata - 700027, West Bengal, India
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HAR ZARURAT KA REPLY ANNEXURE-D DETAILS OF M/S. MSKA & ASSOCIATES LLP (FORMERLY KNOWN AS MSKA & ASSOCIATES), CHARTERED ACCOUNTANTS, (ICAI FIRM REGISTRATION NO. 105047W/W101187) AS STATUTORY AUDITORS OF THE COMPANY, SUBJECT TO APPROVAL OF THE SHAREHOLDERS OF THE COMPANY SI. No. 1 2 3 4 Particulars Reason for change viz. appointment, fe appointment resignation, removal, death or othervvise Details M/s. B S R & Co. LLP, Chartered Accountants {ICAI Firm Registration No. 101248W/W-100022), the current Statutory Auditors of the Company will continue to undertake the statutory audit of the Company until the conclusion of the 37th Annual General Meeting (to be held in the year 2027), marking the completion of their second term of 5 (five) years. The Board of Directors of the Company approved the appointment of M/s. MSKA & Associates LLP {Formerly known as MSKA & Associates), Chartered Accountants, {ICAI Firm Registration No. 105047W/W101187) as the Statutory Auditors of the Company from the conclusion of the 37th Annual General Meeting, subject to approval of the Shareholders of the Company. Date appointment,4e- appointment/cessation of Based on the recommendation of the Audit Committee, the Board of Directors at its Meeting held today approved the appointment of M/s. MSKA & Associates LLP {Formerly known as MSKA & Associates), Chartered Accountants, {ICAI Firm Registration No. 105047W/W101187) as the Statutory Auditors of the Company for a term of five consecutive years i.e. from the conclusion of the 37th (as applicable) & term of appointment,4e- appointment; Brief profile (in case of appointment) Disclosure of relationships between directors (in case of appointment of a Director) Annual General Meeting (to be held in the year 2027) until the conclusion of the 42nd Annual General Meeting (to be held in the year 2032), subject to approval of the Shareholders of the Company. M/s. MSKA & Associates LLP {Formerly known as MSKA & Associates) is an Indian limited liability partnership firm registered with the Institute of Chartered Accountants of India {ICAI) (Firm Registration No. 105047W/W101187) and the PCAOB {US Public Company Accountancy Oversight Board). MSKA & Associates LLP offers a wide range of services in Audit Assurance, Tax and Advisory domain led by industry experts with deep knowledge pockets and driven by a commitment to deliver quality services to all clients. It is amongst highly reputed audit firms in India and are auditors for several large companies including some of the top listed entities in India. Not Applicable Greenply Industries L1m1ted 'Madgul Lounge', 5th & 6th Floor, 23 Chetla Central Road, Kolkata - 700027, West Bengal, India T: +91 33 24500400, 30515000 I E: kaushal.agarwal@greenply.com I www .greenply.com I CIN: L20211 WB1990PLC268743 Registered Office : 'Madgul Lounge', 6th Floor, 23 Chetla Central Road, Chetla, Kolkata - 700027, West Bengal, India