GREENPANEL

Current scenario - Total revenue for Q2 FY27 was ₹407 crore, up 4.6% YoY and 16.4% sequentially over Q1 FY27; H1 FY27 revenues grew 6.3% YoY to ₹757 crore. - Consolidated operating EBITDA margin for the quarter was 7.5% versus 9.6% in Q1 FY27 and 10.2% last year; H1 operating EBITDA margin improved 100 bps to 8.4%. - Total volume degrew by 3.4% YoY due to slow OEM sales and neutral exports, though retail sales grew 17% YoY and plywood sales grew 8.4% YoY. - Net debt reduced further to ₹133 crore, and working capital cycle improved by 5 days compared to June 30 numbers. Changes in trends - Price-sensitive OEM segment recovery was slow due to price increases taken in Q1, leading OEMs to make alternate import arrangements; pricing realignment has been undertaken to aid volume recovery. - Abnormal conditions in the Middle East impacted container and vessel availability, leading to higher delivery costs, though export salience grew month-on-month. Management Guidance & Outlook - Expects 15% to 17% CAGR to continue for MDF driven by domestic demand and the implementation of the Furniture Quality Control Order (QCO) 2025. - Aims to achieve mid-teen MDF volume growth for the full year by recovering the first half shortfall in OEM and export volumes. - Chemical cost inflation is expected to moderate in the second half, while cost efficiencies and operating leverage should support margin expansion. Growth Drivers - Implementation of Furniture QCO 2025 restricting substandard imports, prompting large furniture makers to add fresh capacity. - Organic headroom from Line 3 at Andhra in operation to capitalize on growth opportunities.

- Greenpanel Industries Limited informed the exchange regarding the cessation of Mr. Prakash Rameshbhai Tripathi as Chief Sales Officer (CSO) and Senior Management Personnel (SMP). - The cessation is effective from the close of business hours on November 5, 2026, following his resignation.

- Greenpanel Industries Limited has informed the exchanges about the audio recording of the investor and analyst conference call held on November 2, 2026. - The call was regarding the unaudited financial results of the company for the quarter and half year ended September 30, 2026. - The recording link has been made available on the company website.

Greenpanel Industries Limited has submitted its Investor Presentation on the unaudited financial results for the quarter and half year ended September 30, 2026. Highlights include highest ever retail MDF sales with 17% YoY volume growth in Q2 FY27, domestic MDF demand expected to sustain at 15-17% CAGR, and a strong recovery in export order pipelines.

Q2 FY27 Revenue ₹411.71Cr vs ₹395.97Cr (▲4.0% YoY) EBITDA ₹27.75Cr vs ₹24.77Cr (▲12.0% YoY) PAT Loss of ₹0.64Cr vs Loss of ₹6.12Cr (Reduced Loss YoY) EBITDA Margin 6.74% vs 6.26% (▲48bps) Appointment: Mr. Saurabh Sinha appointed as Chief Sales Officer (SMP) effective November 2, 2026.

Concall Schedule Concall Date: Monday, November 02, 2026 Concall Time: 5:00 p.m. IST

- Mr. Prakash Rameshbhai Tripathi has resigned as Chief Sales Officer and Senior Management Personnel of Greenpanel Industries Limited. - Effective date of cessation is November 5, 2026, after the close of business hours. - The resignation is attributed to personal reasons.

- Trading window closed from October 1, 2026 until 48 hours after declaration of Q2/H1 FY27 unaudited financial results. - Issued as a revision to correct a typographical error in the earlier notice dated September 26, 2026. - Board meeting date to be communicated in due course.

- Trading window closed for designated persons and their immediate relatives from September 1, 2026. - Closure remains until 48 hours after declaration of unaudited financial results for Q2/H1 ending September 30, 2026. - Board meeting date will be intimated in due course.