Greenlam Industries has successfully completed the acquisition of the remaining 33% stake in PT Greenlam Indo Pacific Indonesia for IDR 82.50 crore through its Singapore and Malaysia subsidiaries. The transaction transforms the Indonesian entity into a 100% wholly owned step-down subsidiary, providing complete operational control to the company.

Acquisition Structure and Details

The acquisition was executed jointly by Greenlam Asia Pacific Pte. Ltd., the Singapore subsidiary, and Greenlam Industries SDN. BHD., the Malaysia subsidiary. Prior to this transaction, the Singapore subsidiary held 67% shareholding in the Indonesian entity.

Financial Performance of Target Entity

PT Greenlam Indo Pacific Indonesia, incorporated on May 05, 2020, operates in wholesale trading and import-export of high pressure laminates and other paper and wood-based products. The company's recent financial performance shows varied revenue trends across the last three years.

Strategic Rationale and Impact

The acquisition aims to rationalize the group holding structure and minimize compliance requirements while ensuring absolute control over the Indonesian operations. This strategic move eliminates the complexities associated with local shareholder involvement and provides greater flexibility in implementing business strategies.

The transaction involved cash consideration and required no governmental or regulatory approvals. The Singapore subsidiary acquired 824 ordinary shares of IDR 10,00,000 each, while the Malaysia subsidiary acquired 1 ordinary share of the same denomination.

Corporate Structure Enhancement

By converting PT Greenlam Indo Pacific Indonesia into a wholly owned step-down subsidiary, Greenlam Industries has streamlined its corporate structure in the Indonesian market. The company has indicated that this acquisition is neither price-sensitive nor expected to have material impact on its overall operations, focusing instead on operational efficiency and strategic control.

Greenlam Industries Limited has announced the re-opening of a special window for re-lodgement of transfer requests for physical shares, providing shareholders with an opportunity to complete previously unsuccessful transfer processes.

SEBI Directive Implementation

Pursuant to SEBI Circular HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026, the company has established this special facility to address transfer requests that were previously rejected or not processed. The initiative aims to facilitate the transfer and dematerialization of physical securities for eligible shareholders.

Special Window Details

Eligibility Criteria

The special window applies specifically to physical securities that meet the following conditions:

• Securities sold or purchased prior to April 01, 2019
• Transfer requests previously rejected, returned, or not attended to by the Company or its Registrar and Share Transfer Agent
• Rejections due to deficiencies in documents, processes, or other issues

Transfer Process and Restrictions

Shares transferred under this special window will be subject to specific conditions. All transferred securities must be credited to the transferee exclusively in dematerialized mode. Additionally, these securities will remain under a mandatory lock-in period of one year from the date of transfer registration.

During the lock-in period, the transferred securities cannot be:

• Further transferred to other parties
• Lien-marked for any purpose
• Pledged as collateral

Application Process

Eligible shareholders can submit their requests along with requisite documents to the Company's Registrar & Transfer Agent, MUFG Intime India Private Limited (formerly Link Intime India Private Limited). Applications should be sent via email to delhi@in.mpms.mufg.com .

Additional Shareholder Advisory

The company has reminded shareholders to claim their unclaimed dividends promptly. As per regulatory norms, if dividends remain unclaimed for seven years, both the dividend amount and corresponding shares will be transferred to the Investor Education & Protection Fund Authority (IEPFA).

This notice is accessible on the company's website at www.greenlamindustries.com , as well as on stock exchange websites www.nseindia.com and www.bseindia.com for shareholder reference.