Greenply Industries Limited — Board Meeting, 03-06-2025: Outcome of Board Meeting

Greenply has announced a board meeting focusing on major restructuring and growth plans. The company is cutting its stake in Greenply Middle East from 49% to 19%, exiting associate status there. It will inject INR 113 Cr into Greenply Speciality Panels and INR 44 Cr into Greenply Sandila to repay loans and secure a forest license. A new plant for PVC/WPC doors and panels will be set up in Vadodara with a Rs. 36 Cr investment. Greenply also sold 19% in Hapur Plywood and named Mr. Bharath Rao as Executive VP-Sales to strengthen its sales team.