Greenply Industries Limited has published its Business Responsibility and Sustainability Report (BRSR) for the financial year April 1, 2025 to March 31, 2026. The standalone report discloses the company’s adherence to the nine National Guidelines on Responsible Business Conduct (NGRBC), highlighting a turnover of ₹2,022.41 crores and net worth of ₹897.88 crores. The filing provides comprehensive data on environmental stewardship, workforce well-being, and governance frameworks, reinforcing its commitment to sustainable growth in the wood-based products sector.

Operational and Financial Overview

Greenply’s operations are split between manufacturing (55.35% of turnover) and trading (44.65%). The manufacturing segment produces plywood, blockboards, decorative veneers, flush doors, and allied products, while the trading segment handles similar items along with Polyvinyl Chloride (PVC) products. The company operates three manufacturing plants and 60 offices across India, serving customers in 28 states and six Union Territories. Exports to four countries contribute approximately 0.10% of total revenue.

Workforce Composition and Well-Being

As of March 31, 2026, the company employed 1,589 employees and 3,030 workers. Women constitute 3.52% of total employees and 19.21% of total workers. The Board of Directors includes one female director, representing 16.66% of the board. Well-being expenditure rose to 0.22% of total revenue in FY2026 from 0.17% in FY2025. All permanent employees and workers are covered under Provident Fund with 100% timely deposits.

Environmental Stewardship

Greenply has implemented Zero Liquid Discharge (ZLD) systems across its facilities. Wastewater is treated via in-house Effluent Treatment Plants (ETP) and Sewage Treatment Plants (STP) and recycled for operational use. Total water withdrawal increased significantly to 1,79,725 kilolitres in FY2026 from 41,060 kilolitres in FY2025, resulting in a water intensity per rupee of turnover of 0.89 compared to 0.22 in the previous year. The company holds ISO 50001:2018 for energy management and ISO 14001:2015 for environmental management. Scope 3 GHG emission inventory remains undeveloped.

Sustainable sourcing accounts for 36% of inputs from FSC-certified imported sources, 34% from MSMEs, and 30% from local agroforestry. All timber is sourced through agroforestry to prevent deforestation, and wood waste is utilized as biomass fuel in boilers.

Governance and Compliance

The company’s policies cover all nine NGRBC principles and have been approved by the Board or relevant committees. No fines or penalties breaching materiality thresholds under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 were imposed during FY2025-26. There were no complaints related to conflict of interest, bribery, corruption, sexual harassment, child labour, or data privacy in FY2026. Days of accounts payables increased to 99 in FY2026 from 83 in FY2025. Gross wages paid to females as a percentage of total wages rose to 7.27% from 4.68% in FY2025.

CSR Initiatives

CSR activities aligned with Sustainable Development Goals (SDGs) included sponsoring girl child education, healthcare through Mobile Medical Vans, eye check-up camps, plantation activities, and vocational skill development for carpenter communities. Mr. Rajesh Mittal, Chairman cum Managing Director, oversees business responsibility policies and sustainability decision-making.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE461C01038/1d15129b78df4a5c.pdf

Greenply Industries has submitted an application dated July 28, 2026, to the National Stock Exchange of India Limited (NSE) and BSE Ltd. (BSE) seeking approval for the reclassification of eight members from the Promoter Group Category to the Public Shareholder Category. This procedural step follows the Board’s earlier approval on July 24, 2026, which also included the appointment of Girish Kulkarni as an Independent Director and the amalgamation of its Singapore subsidiaries. The reclassification is required under Regulation 31A(8)(c) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The application seeks no-objection or approval from the exchanges to finalize the status change for entities that hold nil equity shares in the company. The move aims to streamline the company’s shareholding pattern disclosures in compliance with regulatory norms. The Board had previously noted that the outgoing members have undertaken compliance with Regulation 31A(3)(b) and will adhere to Regulation 31A(4) requirements. The reclassification does not involve any transfer of shares or change in the listed entity’s overall shareholding structure.

Reclassification Details

The following eight members of the Promoter Group are seeking reclassification to the Public Shareholder Category. All hold zero equity shares in Greenply Industries Limited.

The submission was signed by Kaushal Kumar Agarwal, Company Secretary and Vice President – Legal at Greenply Industries Limited. The company had earlier intimated the exchanges about this development on July 16, 2026, and July 24, 2026. The final approval from the stock exchanges is necessary to effectuate the change in category as per SEBI Listing Regulations.

Other Board Resolutions

In parallel with the reclassification request, the Board approved the appointment of Girish Kulkarni as an Additional Director designated as an Independent Director, effective July 24, 2026. His tenure is set for five years, subject to shareholder approval. The Nomination and Remuneration Committee recommended his appointment, citing his extensive experience in scaling businesses across Asia.

Additionally, the Board approved the amalgamation of Greenply Holdings Pte. Ltd. with Greenply Global Trading Pte. Ltd. to consolidate its Singapore operations. The transaction is exempt from related-party disclosure requirements under Regulation 23(5) as both entities are wholly owned subsidiaries. No cash consideration is involved in the amalgamation.