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

Greenply has announced a board meeting approving key strategic moves. It will cut its stake in Greenply Middle East from 49% to 19%, exiting associate status. Equity infusions of INR 113 Cr and INR 44 Cr are planned in wholly-owned subsidiaries to repay intercompany loans and secure a forest license. A new PVC/WPC doors and boards plant is underway in Vadodara with ~INR 36 Cr capex, targeting FY26 Q4. The company will fully exit Hapur Plywood Pvt Ltd. Bharath Rao joins as Executive VP - Sales, bringing 28 years of industry experience.