GREENPLY

Greenply Industries Limited announced an investor conference on June 2, 2026, at the Axis Capital's Rising Stars Conference 2026 in Mumbai. Company officials will participate in one-on-one and group meetings with investors and analysts. The company stated that no Unpublished Price Sensitive Information (UPSI) will be shared during the conference.

Greenply Industries Limited intimated an order from the Hon'ble State Consumer Disputes Redressal Commission, Patna, Bihar, directing the company to pay ₹9,94,341/- along with 7% interest p.a. and ₹1,00,000/- compensation to a consumer. The company stated that there is no material impact on its financial, operational, or other activities.

Greenply Industries Limited informed about paying a USD 1 million financial guarantee on May 6, 2026, for its investee company, Greenwud Panel Limited, Dubai. Due to Greenwud Panel's poor performance and geopolitical situation, Greenply's Board approved an impairment provision of Rs 9.48 crores for the financial year ended March 31, 2026, against this guarantee. The company confirmed no further liability.

Management guided for Plywood volume growth of 10% and MDF volume growth of 25-30%. Consolidated core EBITDA margins (12% in Q4 FY'26) are expected to be the new norm, with MDF margins sustainable at 17% and plywood margins set to improve in H2 FY'27 due to new technology implementation. Total capex for FY'27 is estimated between INR 480-500 crores, including INR 300 crores for MDF, INR 130 crores for Odisha plywood, and INR 45-50 crores for plywood technology upgrades. Debt-to-equity ratio might peak at 0.7-0.72 before returning to 0.5-0.6. The PVC and WPC plant has commenced commercial production, with a potential FY'27 revenue of INR 75-80 crores. The furniture and fittings JV is expected to break even by mid-FY'28. Mr. Manoj Tulsian resigned as JMD and CEO but will continue in an advisory capacity. An income tax search and seizure operation occurred from Feb 26-Mar 2, 2026, with no demand or penalty order received to date. The company also disclosed an exceptional item of INR 15.16 crores for impairments.

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