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.

Greenply Industries has scheduled a plant visit for investors and analysts at its wholly owned subsidiary, Greenply Sandila Private Limited, on June 24, 2026. The event, organized by Investec India, aims to provide attendees with an opportunity to understand the new technology of plywood manufacturing and witness the company's latest innovation in the wood panel industry. The visit will also feature an interaction with the management team.

The plant visit is scheduled to take place from 10:00 AM to 6:00 PM (IST) at the subsidiary's facility located at Plot No H-2, Phase-II, Sandila Industrial Area, Raiso, Hardoi, Uttar Pradesh -241204. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The agenda includes a demonstration of ContiRoll Technology, which the company states sets new benchmarks in manufacturing excellence. Greenply emphasized that no Unpublished Price Sensitive Information (UPSI) will be shared during the visit. The schedule remains subject to change due to exigencies on the part of the participants or the company.

Registrations for the event are managed through a specific link provided by the company. For further details regarding the agenda, flights, and ground logistics, participants have been directed to contact Jay Bagwe of Greenply or Parth Bhavsar of Investec.