Greenply Industries Merger & Restructuring
Greenply Industries will dilute its stake in JV Greenply Samet Private Limited from 50% to ~18.98% via a capital infusion by partner Samet B.V.
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Greenply Industries will dilute its stake in JV Greenply Samet Private Limited from 50% to ~18.98% via a capital infusion by partner Samet B.V.
Greenply Industries Limited has approved a corporate guarantee of ₹200 Crore in favour of IDBI Bank for a term loan availed by its subsidiary, GSPPL.
Greenply is restructuring its JV 'Greenply Samet', with partner Samet investing USD 30-40 million. This dilution allows Greenply to focus on its core businesses.
Greenply approved a ₹200 Crore corporate guarantee for its subsidiary and a joint venture capital restructuring that will see the JV cease to be an associate.
Greenply delivered strong 20.7% revenue growth in Q1 FY27, led by a 24.7% volume jump in MDF. However, consolidated margins remain under pressure due to chemical cost inflation and losses in the furniture JV.
Greenply reported Q1 FY27 consolidated revenue growth of 20.7% YoY to Rs 724.9 Cr. Core EBITDA margins expanded 50 bps YoY to 10.8%.
Greenply Industries Ltd reported revenue from operations of ₹724.9 Cr (+20.7% YoY) and net profit of ₹37.6 Cr (+31.9% YoY) for Q1 FY27.