Outcome of Board Meeting

HAR ZARURAT KA REPLY Greenply/2026-27 September 11, 2026 The Manager The Manager BSE Limited National Stock Exchange of India Limited Department of Corporate Services Exchange Plaza, Bandra Kurla Complex Floor 25, P. J. Towers, Dalal Street Bandra (E} Mumbai -400 001 Mumbai - 400 051 Scrip Code: 526797 Symbol -GREENPLY Sub: Outcome of Board Meeting Ref: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/ Madam, Pursuant to Regulation 30 read with Schedule Ill and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Regulations), we would like to inform you that the Board of Directors of Greenply Industries Limited ("the Company") at its meeting held today i.e. on 11.09.2026: 1. approved issue of corporate guarantee in favour of the IDBI Bank Limited for credit facilities to be availed by Green ply Speciality Panels Pvt. Ltd., Wholly Owned Subsidiary of the Company. The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are enclosed as Annexure - A. 2. approved the execution of a binding Head of Terms ("HoT"} with Samet B.V. ("Samet"), Greenply Samet Private Limited ("JV Company") and Samet Kalip Ve Madeni E~ya Sanayii Ve Ticaret A.~. ("Confirming Party") in relation to the proposed capital infusion by Samet into the JV Company, pursuant to which Samet would increase its voting interest from 50% to ~s1.02% in the JV Company and the Company's voting interest would stand diluted from 50% to ~18.98% in the JV Company, upon completion of the said capital infusion ("Proposed Transaction"). Further the HoT has also been executed today. The Proposed Transaction shall be subject to execution of definitive documents (including an amended and restated shareholders agreement in supersession of the existing joint venture agreement dated pt June 2023 executed between Samet, the Confirming Party and the Company with respect to the JV Company), on mutually agreeable terms, and completion of customary conditions precedent such as procurement of any third-party consents. Greenplv Industries Limited 'Madgul Lounge', 5th & 6th Floor, 23 Chetla Central Road, Kolkata -700027, West Bengal, India T: +91 33 24500400, 30515000 I E: kaushal.agarwal@greenply.com I www.greenply.com I CIN: L20211WB1990PLC~68743 Registered Office: 'Madgul Lounge', 6th Floor, 23 Chetla Central Road, Chetla, Kolkata -700027, West Bengal, India HAR ZARURAT KA REPLY Upon completion of the Proposed Transaction, the JV Company will cease to be an associate company of the Company. Appropriate disclosures shall be made in due course, upon execution of the definitive documents as may be required under applicable law. The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are enclosed as Annexure - B. The meeting commenced at 03:30 p.m. and concluded at ot-, : o~p.m. Thanking You, Yours faithfully, For GREENPLY INDUSTRIES LIMITED KAUSHAL KUMAR AGARWAL COMPANY SECRETARY & VICE PRESIDENT-LEGAL Encl.: As above Greenplv Industries Limited 'Madgul Lounge', 5th & 6th Floor, 23 Chetla Central Road, Kolkata -700027, West Bengal, India T: +91 33 24500400, 30515000 I E: kaushal.agarwal@greenply.com I www.greenply.com I CIN: L20211WB1990PLC268743 Registered Office: 'Madgul Lounge', 6th Floor, 23 Chetla Central Road, Chetla, Kolkata -700027, West Bengal, India HAR ZARURAT KA REPLY ANNEXURE-A ISSUE OF CORPORATE GUARANTEE IN FAVOUR OF THE IDBI BANK LIMITED FOR CREDIT FACILITIES TO BE AVAILED BY GREENPLY SPECIALITY PANELS PVT. LTD., WHOLLY OWNED SUBSIDIARY OF THE COMPANY Sr. No. Particulars Details a) Name of party for which such guarantees Greenply Speciality Panels Pvt. Ltd., Wholly or indemnity or surety was given / to be Owned Subsidiary of the Company (GSPPL). given b) Whether the promoter/ promoter group/ No group companies have any interest in this transaction? If yes, nature of interest and details thereof and whether the same is done at "arm's length" c) Brief details of such guarantee Sf The Company will issue Corporate indemnity or becoming a surety viz. brief Guarantee in favour of IDBI Bank Limited for details of agreement entered (if any) Term Loan facility for an amount up to INR including significant terms and 200 crores to be availed by Greenply conditions, including amount of Speciality Panels Pvt. Ltd., Wholly Owned guarantee Subsidiary of the Company. The said Term Loan facility will be used towards expansion of manufacturing capacity of MDF plant of GSPPL. Corporate Guarantee will be issued till the commencement of commercial operation of the project and the Company will charge Guarantee Commission from GSPPL. d) Impact of such guarantees or indemnity The financials of Greenply Speciality Panels or surety on listed entity Pvt. Ltd. shall be consolidated with the financials of the Company and hence, there will be no impact on the Company. However, the Company will disclose the details and amount of corporate guarantee as contingent liability in its financial statements in due course. Greenplv Industries Limited 'Madgul Lounge', 5th & 6th Floor, 23 Chetla Central Road, Kolkata -700027, West Bengal, India T: +91 33 24500400, 30515000 I E: kaushal.agarwal@greenply.com I www.greenply.com I CIN: L20211WB1990PLC~68743 Registered Office: 'Madgul Lounge', 6th Floor, 23 Chetla Central Road, Chetla, Kolkata -700027, West Bengal, India HAR ZARURAT KA REPLY ANNEXURE-B Sr. Particulars Details 1. Name(s) of parties with whom the (a) SAMET B.V., a company incorporated under the agreement is entered; laws of the Netherlands, having its registered office at Weesperstraat 61, 1018 VN, Amsterdam, the Netherlands; (b} SAMET KAUP VE MADENi ESYA SANAYi VE TiCARET A.S., a company incorporated under the laws of the Republic of TOrkiye, having its registered office at Ataturk Mahallesi, Menderes Caddesi No: 8, Esenyurt 34513, Istanbul, TOrkiye; and (c} GREENPLY SAMET PRIVATE LIMITED, a company incorporated under the laws of India, having its registered office at D Wing - Unit No. 501, Lotus Corporate Park, Goregaon East, Mumbai, Maharashtra - 400063, India. 2. Purpose of entering into the agreement Preliminary terms and conditions of the proposed capital restructuring (pursuant to which Samet B.V. would increase its voting interest from 50% to ~81.02% in the JV Company and the Company's voting interest would stand diluted from 50% to ~18.98% in the JV Company}, and consequent changes in governance and management structure of the JV Company, on account of the proposed capital restructuring. 3. Shareholding, if any, in the entity with 50% of the total paid up share capital of the JV whom the agreement is executed; Company (on a fully diluted basis} aggregating to 10,57,50,000 equity shares of face value INR 10 each. 4. Significant terms of the agreement (in Upon completion of the proposed transaction: brief} special rights like right to appoint directors, first right to share (a} The JV Company shall cease to be an associate company of the Company, and the Company subscription in case of issuance of shares, right to restrict any change in shall cease to have any right to ?IPPOint any director on the Board of Directors of the JV capital structure etc. Company; Greenplv Industries L1m1ted 'Madgul Lounge', 5th & 6th Floor, 23 Chetla Central Road, Kolkata -700027, West Bengal, India T: +91 33 24500400, 30515000 I E: kaushal.agarwal@greenply.com I www.greenply.com I CIN: L20211WB1990PLC268743 Registered Office: 'Madgul Lounge', 6th Floor, 23 Chetla Central Road, Chetla, Kolkata -700027, West Bengal, India HAR ZARURAT KA REPLY (b) All operational and day-to-day management decisions of the JV Company shall be under the control of Samet B.V., save and except specified reserved matters (which shall require the affirmative vote of the Company). (c) Company shall have a tag along right in case of any transfer of [Showing first 8,000 characters — download PDF for full document]