Please find enclosed a copy of Annual Report of the Company for the financial year 2025-26.

HAR ZARURAT KA REPLY Green ply/ 2026-27 July 31, 2026 The Manager The Manager BSE Limited National Stock Exchange of India Limited Department of Corporate Services Exchange Plaza, Sandra Kurla Complex Floor 25, P. J. Towers, Dalal Street Sandra (E) Mumbai - 400 001 Mumbai - 400 051 Security Code: 526797 Symbol - GREENPLY Dear Sir/Madam Sub: Submission of Annual Report for the Financial Year 2025-26 Pursuant to Regulation 34 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are forwarding herewith a copy of Annual Report of the Company for the financial year 2025-26. The aforesaid Annual Report has also been placed on the website of the Company viz. www.greenply.com/investors. Thanking you, Yours faithfully, Fo.r Greenply Industries Limited Kaushal Kumar Agarwal Company Secretary & Vice president-legal Encl.: A/a Greenply Industries Limited 'Madgul Lounge', 5th & 6th Floor, 23 Chetla Central Road, Kolkata -700027, West Bengal, India T: +91 33 24500400, 30515000 J E: kaushal.agarwal@greenply.com I www.greenply.com I CIN: L20211 WB1990PLC268743 Registered Office: 'Madgul Lounge', 6th Floor, 23 Chetla Central Road, Chetla, Kolkata -700027, West Bengal, India GROWING RESPONSIBLY Annual Report 2025-26 GREENPLY INDUSTRIES LIMITED PLYWOOD | MDF | DOORS | VENEERS | PVC | FURNITURE FITTINGS Contents Corporate Overview 02 Corporate snapshot 08 Carrying forward a legacy of excellence 10 Financial performance overview 12 Chairman's strategy audit 20 Director's prospective 24 Brand review 31 Advancing marketing excellence and organisational capabilities 34 Our integrated value creation report 37 How Greenply creates stakeholder value 40 Diversified product portfolio for value creation 48 Strengthening manufacturing excellence 50 Technology represents the backbone of Greenply's transforming business model 54 Key catalysts of growth GROWING 56 Enhancing Greenply's ESG initiatives 60 Creating meaningful change RESPONSIBLY Statutory Reports 62 Management Discussion and Analysis 78 Directors’ Report 122 Business Responsibility and Sustainability Report At Greenply, we strengthened 163 Corporate Governance Report our foundations before Financial Statements accelerating our growth. 202 Standalone Financial Statements We invested in capacities, 285 Consolidated Financial Statements capabilities and supply-chain resilience. Forward-looking statement At Greenply, we built strength Some information in this report may contain forward-looking statements which where it matters most. include statements regarding Company’s expected financial position and results of operations, business plans and prospects etc. and are generally identified by forward- We expanded our portfolio, looking words such as ‘‘believe,” ‘‘plan,” ‘‘anticipate,” ‘‘continue,” ‘‘estimate,” ‘‘expect,” ‘‘may,” ‘‘will” or other similar words. Forward-looking statements are dependent on deepened our distribution and assumptions or basis underlying such statements. We have chosen these assumptions or basis in good faith, and we believe that they are reasonable in all material respects. enhanced our manufacturing However, we caution that actual results, performances or achievements could differ capabilities. materially from those expressed or implied in such forward-looking statements. We undertake no obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. Corporate Overview Statutory Reports Financial Statements CORPORATE SNAPSHOT Greenply Industries Limited. At the forefront of India’s interior infrastructure transformation. Our vision Greenply manufactures a wide To be the leaders in innovation, sustainability and trends in the portfolio that includes premium wooden decor industry. plywood, decorative veneers, MDF boards, PVC/WPC door, frame and board and various furniture cum interior fitting Our mission solutions. To empower people to upgrade and transform their spaces to suit their changing needs. The Company is widely recognised for its consistent quality, brand credibility, easy Our core values accessibility, and continuous § Nurturing a growth-oriented environment where passionate product innovation. and skilled problem-solvers can unleash their potential. As a result customers associate § Offering the right products through a deep understanding with the brand confidently of consumer requirements. § Adopt ground breaking owing to strong pillars of trust, measures that reshaped the wood panel industry. dependability and reliability. § Promise to stand for reliability blending with aesthetic appeal and superior quality. Every product/ solution is derived with eco-consciousness, ensuring every product enhances interiors while protecting the environment. 02 | Greenply Industries Limited Annual Report 2025-26 | 03 Corporate Overview Statutory Reports Financial Statements Responsible Legacy Innovative Committed ABOUT US Building tomorrow Trusted since four For Growth Beyond Wood responsibly decades Expanding horizons through innovation The story so far What sets us apart Greenply’s growth story reflects a journey of continuous Since its establishment, Greenply Industries Greenply’s competitive edge is built on a transformation, with the Company consistently expanding combination of strong brand recognition, Limited has consistently focused on creating its portfolio to align with the evolving needs of Indian strategically positioned manufacturing value by strengthening its core capabilities consumers. facilities, deep industry expertise and a wide, while remaining responsive to evolving industry innovative product portfolio. The Company By adopting modern technologies and advanced processes, Greenply strives to enhance customer satisfaction, dynamics. also demonstrates a strong commitment to sustainability through responsible and strengthen its leadership and support the advancement of The Company’s impressive growth journey has forward-looking investments. India’s interior solutions ecosystem. been guided by the visionary leadership of By consistently investing in research and A legacy built on innovation and progressive growth has Chairman cum Managing Director Mr. Rajesh development, introducing new product enabled Greenply Industries to continuously evolve and solutions and promoting responsible business expand its product portfolio in line with the changing Mittal, widely regarded as the ‘plywood practices, Greenply has strengthened its aspirations and requirements of Indian consumers. manufacturing baron of India.’ leadership. Its ability to anticipate evolving The Company leverages advanced technologies, modern market trends and respond with agility Originally incorporated as Green Timber manufacturing capabilities and customer-centric solutions remains one of the Company’s defining Industries Private Limited in 1984, the to strengthen its market leadership and contribute strengths. meaningfully to the transformation of India’s interior organisation evolved through a series of strategic infrastructure ecosystem. milestones, including its merger with Mittal Committed to responsible and sustainable growth, Laminates Limited in 1994, which broadened its Greenply integrates environmental stewardship and social product portfolio and strengthened its market responsibility into its business philosophy, ensuring that Our product portfolio presence. its operations create a positive and enduring impact on Greenply offers an extensive portfolio of communities and the environment. Over the past four decades, Greenply Industries interior decor solutions, including plywood By proactively capitalising on emerging opportunities, the Limited has continually adapted to shifting and blockboard, MDF, decorative veneers, flush Company has expanded its Medium Density Fiberboard doors, specialty plywood, and PVC products. Its consumer preferences, emerging global design (MDF) portfol [Showing first 8,000 characters — download PDF for full document]