Greenply Industries has witnessed an increase in promoter group shareholding following recent open market acquisitions by Shakuntala Safeinvest Private Limited. The company filed regulatory disclosures under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, detailing the transaction completed on March 25 and March 27, 2026.

Transaction Details

Shakuntala Safeinvest Private Limited, formerly known as Showan Investment Private Limited, acquired 51,000 equity shares of Greenply Industries through open market purchases. The acquisition represents 0.04% of the company's total share capital.

Shareholding Changes

The acquisition resulted in changes to the promoter group's shareholding pattern in Greenply Industries. Shakuntala Safeinvest Private Limited's individual holding increased marginally, while the overall promoter group stake saw a corresponding rise.

Promoter Group Structure

The promoter group of Greenply Industries comprises multiple entities and individuals acting in concert. The group includes Rajesh Mittal as Director (DIN: 00240900), various Mittal family members, and several investment entities. Key promoter group entities include:

• Trade Combines Partnership Firm: 11,709,580 shares (9.38%)
• Mittal Business Holdings Trust: 5,883,750 shares (4.71%)
• Karuna Investment Private Limited: 220,200 shares (0.18%)
• Individual family members holding smaller stakes

Company Information

Greenply Industries Limited maintains its equity share capital at 12,48,87,795 shares with a face value of Re. 1/- each. The company's shares are listed on both the National Stock Exchange of India Limited and BSE Limited. The disclosure notes that 44,035 equity shares have been transferred to the Investor Education and Protection Fund, with voting rights remaining frozen until claimed by rightful owners.

Regulatory Compliance

The transaction was disclosed in accordance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirms that no encumbrances, warrants, or convertible securities were involved in the transaction. All voting rights acquired are through equity shares only, with no additional instruments providing voting rights in the company.

Greenply industries Limited has announced the resignation of Mr. Yatnesh Pandey, Vice President - Marketing, marking the departure of a senior management personnel after nearly five years with the company. The resignation comes as part of his career transition to explore new professional opportunities.

Resignation Details

Mr. Pandey formally submitted his resignation letter on February 7, 2026, and was relieved from his duties at the close of business hours on March 24, 2026. The company disclosed this information to stock exchanges in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Professional Journey

In his resignation letter, Mr. Pandey expressed gratitude for his 4.7-year tenure with Greenply Industries, describing it as an enriching experience both professionally and personally. He acknowledged the trust and support provided by the management during his service period and praised the supportive team environment that helped achieve company goals.

Transition Process

Mr. Pandey committed to ensuring a complete handover of all critical tasks during his notice period, demonstrating professional responsibility during the transition. The company has followed proper regulatory procedures by informing both BSE Limited and National Stock Exchange of India Limited about this senior management change.

Regulatory Compliance

Greenply Industries fulfilled its disclosure obligations under SEBI regulations by providing detailed information about the resignation, including the reason for change, cessation date, and other required particulars. The company secretary and Vice President-Legal, Kaushal Kumar Agarwal, signed the official communication to the stock exchanges on March 24, 2026.