Greenply Industries has cancelled the scheduled plant visit by investors and analysts to its wholly owned subsidiary, Greenply Sandila Private Limited, which was set to take place on June 24, 2026. The decision to call off the visit was attributed to unavoidable circumstances, the company stated in a regulatory filing.

The visit was initially communicated to the exchanges on June 4, 2026. The cancellation was disclosed by Kaushal Kumar Agarwal, Company Secretary and Vice President-Legal of Greenply Industries Limited.

The company has made the updated information available on its website, www.greenply.com , for the benefit of investors and analysts.

Greenply Industries has disclosed that its wholly owned subsidiary, Greenply Sandila Private Limited, has invested INR 45,00,000 to acquire a 26% equity stake in Albano Solar Private Limited. The strategic investment is intended to finance the development of a 1.5 MW group captive power generation facility in Uttar Pradesh. This move is expected to reduce power costs for the subsidiary's manufacturing unit located at Plot No. H-2, Phase – II, Sandila Industrial Area, Raiso, Hardoi, Uttar Pradesh.

Transaction Details

The acquisition involves the purchase of 4,50,000 equity shares of INR 10 each at an aggregate consideration of INR 45,00,000. The transaction, classified as a cash consideration, is not a related party transaction and does not require any specific governmental or regulatory approvals. The acquisition is expected to be completed within 15 days from the date of the filing.

About Albano Solar Private Limited

Albano Solar Private Limited, incorporated on March 13, 2023, operates in the renewable energy power generation sector and is currently in the process of developing clean and green energy facilities. The following table outlines the financial performance of Albano Solar Private Limited over the last three financial years (figures in INR thousands):

The financial statements reflect fluctuating performance, with total income of INR 72.73 thousand in the most recent un-audited period compared to INR 145.98 thousand in the prior audited year. The company reported a net worth of INR 5,532.61 thousand in the most recent period.

Strategic Rationale

The investment aligns with the subsidiary's objective to secure a sustainable power supply for its operations. The development of the captive power plant is anticipated to provide operational efficiencies and cost savings in energy consumption for the manufacturing facility at Sandila Industrial Area.