Greenply Industries Limited — Board Meeting, 06-02-2025: Outcome of Board Meeting

The Board of Directors of Greenply Industries Limited has convened a meeting where several significant decisions were made. Mr. Manoj Tulsian has been re-appointed as Joint Managing Director and CEO for another five years, pending shareholder approval. The company noted a total investment of ₹7.07 crore (Cr) in Clean Max Delirio for a hybrid power generation project in Gujarat. Loan tenures were extended from two to five years for ₹30 crore (Cr) and ₹60 crore (Cr) loans to Greenply Speciality Panels. Additionally, a new manufacturing unit is set to be established in Odisha, with an expected investment of ₹134 crore (Cr) to meet increasing plywood demand. The Board also approved an investment of up to ₹50 crore (Cr) in Greenply Sandila Private Limited for equity shares and optionally convertible preference shares.