Greenpanel Industries witnessed a significant increase in institutional shareholding as Tata Mutual Fund acquired additional equity shares on December 24, 2025. The acquisition was disclosed under SEBI Regulation 29, which governs substantial acquisitions of shares and takeovers.

Acquisition Details

Tata Mutual Fund, operating through its various schemes, acquired 28,05,877 equity shares of Greenpanel Industries, representing 2.29% of the company's total share capital. The acquisition demonstrates the mutual fund's strategic investment approach in the plywood and laminates sector.

Shareholding Pattern Changes

The acquisition resulted in a substantial change in Tata Mutual Fund's shareholding position in Greenpanel Industries. The fund's total holding increased significantly following this strategic investment.

Company Capital Structure

Greenpanel Industries maintains a stable equity share capital structure. The company's total equity share capital stands at ₹12,26,27,395.00, which remained unchanged before and after the acquisition. This indicates that the transaction involved secondary market purchases rather than fresh equity issuance.

Regulatory Compliance

The disclosure was made in accordance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Tata Mutual Fund, being a non-promoter entity, filed the necessary documentation with both the Bombay Stock Exchange and National Stock Exchange of India, where Greenpanel Industries shares are listed.

Investment Significance

This acquisition reflects institutional confidence in Greenpanel Industries' business prospects in the plywood boards and laminates sector. The increase in shareholding from 5.06% to 7.35% positions Tata Mutual Fund as a significant institutional investor in the company, potentially providing stability and long-term investment perspective to the stock.

Greenpanel Industries Limited has introduced Duroboil™ BWP HDF, launching what the company describes as India's strongest, toughest, and heaviest high-density fibreboard. The new product sets a benchmark in the high-performance fibreboard category, engineered specifically for applications where extreme moisture, heat, and load-bearing demands are critical.

Product Specifications and Features

Duroboil™ BWP HDF delivers exceptional performance through its ultra-high density design and advanced engineering. The product specifications demonstrate its positioning as a premium offering in the HDF segment.

The product incorporates several advanced features designed for superior performance:

• Enhanced boiling-water-proof performance with superior dimensional stability
• Long-term structural integrity and ultra-high density for unmatched strength
• Low emission properties promoting healthier indoor air quality
• Smooth, finish-ready surface compatible with laminates, veneers, and PU digital printing
• Borer-and termite-proof properties for enhanced durability
• Stability in steam, heat, and fluctuating humidity conditions
• Excellent machinability for CNC routing and carving applications

Manufacturing Technology and Quality

Duroboil™ is manufactured using advanced German Dieffenbacher CPS continuous press technology, ensuring precision and consistency in production. The manufacturing process incorporates precision-controlled fibre refining, advanced resin chemistry, and calibrated sanding techniques to deliver superior consistency, smoothness, and durability.

Target Applications and Market Positioning

The new product targets demanding applications where conventional HDF may not perform adequately. Duroboil™ is specifically designed for bathroom partitions and interiors, modular kitchens, marine environments, premium furniture, door skins, wall panelling, and high-traffic commercial spaces.

According to Mr. Shobhan Mittal, Managing Director and Chief Executive Officer of Greenpanel Industries Limited, "Duroboil™ is not just a product launch – it is a clear statement of Greenpanel's long-term intent. It reflects our sustained investments in advanced manufacturing capabilities and material science, and our commitment to building high-performance fibreboard solutions that set new benchmarks for strength, durability, and reliability in demanding applications."

Company Background

Greenpanel Industries Limited operates as India's largest wood panel manufacturer and India's number one MDF company. The company maintains a comprehensive portfolio across MDF, Pre-Laminated MDF, Plywood Blockboard, and Wooden Flooring segments. Greenpanel Industries operates state-of-the-art manufacturing facilities at Rudrapur, Uttarakhand, and Tirupati district, Andhra Pradesh, supported by advanced technology, stringent quality standards, and a strong pan-India distribution network.