Greenply Industries Ltd

Meeting Details

• Date & Time: 21 September 2026, 10:30 A.M. to 6:00 P.M.
• Type/Mode: One-on-one and group meetings (physical).
• Event/Organizer: Anand Rathi Annual Flagship Conference Summit 2026.
• Location: Taj Santacruz, Mumbai.
• Participants: Company officials to interact with investors and analysts.
• Purpose: Investor and analyst interaction.

Restructuring details

• JV with Samet to receive USD 30–40 million in additional funding over 2–3 years.
• Voting rights shift: Samet to ~51%, Greenply to ~19%.
• Greenply to retain ~43% initial economic interest; will dilute over time.
• Post-restructure, JV ceases to be an associate; Greenply to stop consolidating results.
• Completion expected by January 2027.

Corporate guarantee to IDBI Bank

• Approved corporate guarantee to IDBI Bank for up to INR 200 crore for GSPPL term loan.
• Guarantee valid until commercial operation; commission charged; GSPPL consolidated; contingent liability disclosed.

Samet JV capital infusion and governance

• HoT signed with Samet B.V., Samet Kalip Ve Madeni Esya Sanayi Ve Ticaret A.S., and Greenply Samet Private Limited.
• Samet to hold ~81.02%; Greenply ~18.98% post-infusion.
• Definitive documents and amended shareholders agreement to be executed; third-party consents required.
• JV to cease associate status; Samet to control day-to-day management; company loses director appointment rights.
• Company to have tag-along and pre-emptive rights to maintain ~18.98%.
• Original JVA terminated; superseded by amended shareholders agreement.
• No shares issued to the Company.

Director changes

• Re-appointment of Vinita Bajoria, Independent Director, for five-year term from 15 Sep 2026 to 14 Sep 2031.
• Profile: MBA from ICFAI; GMP and AMP from Harvard Business School.
• Not related to any directors.
• Not debarred by SEBI or statutory authorities.
• Appointment of Girish Kulkarni, Independent Director, with effect from 24 Jul 2026 for five years.
• Profile: 40+ years in insurance/financial services; former MD&CEO of Star Union Dai-ichi Life.
• Not debarred by SEBI or authorities.

No AGM details present in provided filing chunk for Greenply Industries Ltd

AGM Details

• Date and time: 25 August 2026, 11:00 AM–12:11 PM, held in VC/OAVM.
• Last postal ballot receipt date: 25 August 2026; record date: 18 August 2026.
• Attendance: video conference presence—8 promoters, 57 public.

Key Resolutions

• Ordinary: Adoption of FY2026 financial statements and reports, including standalone and consolidated statements.
• Ordinary: Declaration of dividend of Rs 0.50 per share for FY2026.
• Ordinary: Re-appointment of Mr. Mittal as Director, liable to retire by rotation.
• Ordinary: Re-appointment of Ms. Vinita Ajoria as Independent Director.
• Special: Appointment of Mr. Girish Kulkarni as Independent Director.

Voting Results

• Resolution 1 passed with 99.999% in favour.
• Resolution 2 passed with 99.999% in favour.
• Resolution 3 passed with ~99.66% in favour; small against.
• Resolution 4 passed with 98.50% in favour; some against.
• Resolution 5 passed with 99.999% in favour.

Dividend

• Dividend of Rs 0.50 per equity share approved.

Director Changes

• Re-appointment of Mr. Mittal as Director.
• Re-appointment of Ms. Vinita Ajoria as Independent Director.
• Appointment of Mr. Girish Kulkarni as Independent Director.

Auditors

• No change in statutory/secretarial/cost auditors disclosed.

Material Related Party Transactions

• No material related party transactions disclosed in this filing.

Other Material Approvals

• No other material approvals disclosed beyond the resolutions.

AGM Details

• 36th AGM held Tuesday, August 25, 2026 at 11:00 A.M. via VC/OAVM.
• Voting entitlements cut-off date: August 18, 2026.

Key Resolutions

• Item 1: Adopt standalone and consolidated financial statements and reports.
• Item 2: Declare final dividend of Re 0.50 per share.
• Item 3: Re-appoint Sanidhya Mittal as Director (retiring by rotation).
• Item 4: Re-appoint Vinita Bajoria as Independent Director.
• Item 5: Appoint Girish Kulkarni as Independent Director.

Voting Results

• Item 1: Passed; 164 for, 5 against among 169 votes.
• Item 2: Passed; 164 for, 5 against.
• Item 3: Passed; 157 for, 10 against.
• Item 4: Passed; 162 for, 7 against.
• Item 5: Passed; 163 for, 6 against.

Dividend & Directors

• Dividend declared: Re 0.50 per share.
• Directors appointed/re-appointed: Mittal, Bajoria, Kulkarni.