Greenlam Industries Limited , a leading manufacturer of decorative laminates, has witnessed a significant change in its shareholding pattern. Upnishad Holdings Private Limited, formerly known as Upnishad Trustee Advisory Services Private Limited, has acquired a substantial stake in the company through block deals executed on September 12 and September 16.

Key Details of the Transaction

• Upnishad Holdings Private Limited acquired 1,88,72,960 equity shares, representing 7.397% of Greenlam Industries' voting capital.
• The shares were transferred from Hydra Trading Private Limited, which previously held this stake.
• The transaction was carried out through block deals on two separate dates.

Entities Involved and Their Holdings

Post-Transaction Scenario

After the transaction, the combined group, including Upnishad Holdings, Asiana Fund I, and other entities acting in concert, maintains a total holding of 2,55,61,960 shares. This represents 10.02% of Greenlam Industries' voting capital.

Promoter Group Status

It's important to note that none of the entities involved in this transaction belong to the promoter group of Greenlam Industries Limited. The acquirer and persons acting in concert are classified as non-promoter entities.

Regulatory Compliance

The transaction has been reported to the stock exchanges in compliance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Both the acquirer (Upnishad Holdings) and the seller (Hydra Trading) have filed the necessary disclosures.

Company Background

Greenlam Industries Limited is listed on both the BSE Limited and the National Stock Exchange of India Limited. The company's total equity share capital consists of 25,51,47,702 equity shares with a face value of INR 1 each.

This significant stake acquisition by Upnishad Holdings Private Limited may be of interest to investors and market watchers, as it represents a notable change in the ownership structure of Greenlam Industries Limited. However, as the involved entities are not part of the promoter group, the immediate impact on the company's management and operations remains to be seen.

Greenlam Industries , a leading manufacturer of decorative laminates and allied products, has witnessed a significant reshuffling of shares within its promoter group. The company's promoter, Saurabh Mittal, has increased his stake in the firm through an inter-se transfer of shares from other family members.

Key Highlights of the Share Transfer

• Saurabh Mittal acquired 56.11 lakh equity shares of Greenlam Industries on September 15, 2025.
• The shares were transferred from promoter group members Shiv Prakash Mittal and Santosh Mittal.
• Post-transaction, Saurabh Mittal's shareholding increased from 9.13% to 11.33%.

Transaction Details

The inter-se transfer involved the following:

Impact on Shareholding Structure

Following the transaction, the shareholding structure of the promoter group has changed as follows:

Unchanged Promoter Group Holdings

The following promoter group members and entities maintain their existing stakes in Greenlam Industries:

• Parul Mittal
• Jai Mittal
• Jia Mittal
• SM Greenlam Investments Private Limited
• S. M. Safeinvest Private Limited
• Prime Properties Private Limited

Company Overview

Greenlam Industries Ltd, with its equity share capital of 25.51 crore shares, remains a key player in the decorative laminates industry. The recent inter-se transfer of shares among the promoter group members does not affect the overall promoter holding, which stands firm at 50.98% of the company's total equity share capital.

This internal restructuring of shareholding within the promoter group suggests a consolidation of control under Saurabh Mittal, potentially indicating a strategic move to streamline decision-making processes within the company's leadership.

Investors and market watchers may want to keep an eye on any potential changes in the company's strategic direction or management decisions following this shareholding reshuffle, although no immediate operational changes have been announced in connection with this transaction.