Greenply Industries Limited (NSE: GREENPLY) – Acquisition Announcement

Date of Announcement: 13 June 2026

Introduction

Greenply Industries Limited (NSE: GREENPLY) disclosed a Regulation 30 restructuring announcement concerning the acquisition of Greenply Samet Private Limited (GSPL), a joint‑venture entity in which Greenply currently holds a 0.5 % stake.

Key Details of the Acquisition

• Target Entity: Greenply Samet Private Limited (GSPL)
• Nature of Consideration: Cash
• Cash Consideration: ₹ 150,000,000 (₹ 150 million)
• Acquisition Timeline: To be completed during FY 2026‑27, possibly in multiple tranches
• Existing Shareholding by Acquirer: 0.5 %
• Post‑transaction Holding: Greenply will continue as a JV partner and hold 50 % of GSPL’s equity
• Control Acquired: 0.5 % (reflecting the increase from the existing holding)
• Related Party Transaction: Yes (the target is a JV partner of the listed entity)
• Arms‑Length Transaction: Confirmed as true
• Materiality (RPT): Deemed not material

Background of the Target Entity

• Incorporation: 26 Oct 2023, India
• Business: Manufacturing and selling functional furniture hardware (slide systems, hinge systems, lift‑up systems, connection fittings) from an Indian facility
• Industry: Furniture hardware manufacturing

Financial Snapshot (as per audited statements for the last three FYs)

• Turnover of Target: ₹ 442.7 million
• Net Worth of Target (as disclosed): ₹ 978.7 million
• Profit After Tax: ₹ ‑504.7 million (cumulative loss)

The target requires additional funds for CAPEX and working‑capital needs, prompting the acquisition.

Transaction Governance

• Board Meeting Date (Approval): 28 April 2026 (ended at 15:55)
• Audit Committee Meeting (RPT Approval): 28 April 2026
• Regulatory Approvals Required: None indicated (NA)
• Compliance: The acquisition is classified as a “New” Regulation 30 restructuring event and is disclosed as an outcome of the board meeting.

Strategic Rationale

• Funding Needs: GSPL seeks capital for expansion and operational requirements.
• Synergy: Enhances Greenply’s product portfolio in functional furniture hardware, complementing its core wood‑based product lines.
• Ownership Structure: Maintaining a 50 % stake ensures continued joint‑venture control while providing Greenply with a larger equity position.

This article presents only the facts disclosed in Greenply Industries Limited’s XBRL filing dated 28 April 2026 and released on 13 June 2026. No additional commentary or forward‑looking statements are included.