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.

Greenlam Industries , a leading player in the wood panel industry, recently held an investor and analyst meet to showcase its transformation journey and ambitious expansion plans. The company has completed a series of greenfield and brownfield expansion projects across its laminate, plywood, and chipboard categories, positioning itself for significant growth in the coming years.

Expansion Highlights

Greenlam Industries has invested approximately Rs. 1,450.00 crores in expansion projects from FY23 to FY25. This strategic move has resulted in:

• An increase from 2 to 5 manufacturing facilities
• Growth from 3 to 6 product lines
• Expansion of the workforce from 5,000+ to 9,000+ employees

The company's addressable market has expanded 3.5 times, reaching Rs. 49,400.00 crores post-expansion, up from Rs. 11,000.00 crores previously.

Financial Performance

For Q1FY26, Greenlam Industries reported:

• Revenue growth of 11.4% to Rs. 673.80 crores
• Domestic business growth of 22.2% year-on-year
• Gross margin improvement of 110 basis points to 53.1%

However, the company faced challenges, reporting a net loss of Rs. 15.70 crores for the quarter. This was primarily due to:

• A notional forex loss of Rs. 18.80 crores on EUR-denominated loans for the chipboard project
• Initial operating losses from the newly operational chipboard business

Chipboard Business Update

The chipboard facility at Naidupeta, Andhra Pradesh, which started commercial operations on January 2, 2025, has shown promising progress:

• Achieved 30% capacity utilization in its first full quarter of operations
• Received positive market feedback for both plain and pre-laminated products
• Exploring export opportunities in the chipboard segment

The Government of Andhra Pradesh has sanctioned a tailor-made incentive package for Greenlam's Naidupeta project, including capital subsidy, power tariff reimbursement, and employment creation subsidy over a period of 7 to 10 years.

Strategic Brand Consolidation

Greenlam Industries has strategically transitioned its Decowood Veneers brand to Mikasa Decowood Veneers, unifying its wood panel offerings under the trusted 'Mikasa' brand family. This move aims to strengthen the company's market position and offer a holistic, lifestyle-driven product ecosystem to customers globally.

Future Outlook

Saurabh Mittal, MD & CEO of Greenlam Industries, expressed optimism about the company's future, stating, "We have embarked on the Next Orbit that will transform us into a larger, more profitable, and more sustainable entity. This expansion has the potential to generate Rs. 4,500.00 crores in revenue over the next 3-4 years."

The company aims to:

• Protect or enhance margins even at a higher scale
• Improve market share across categories, both domestically and internationally
• Leverage cross-sale opportunities and revenue broad-basing
• Strengthen the Greenlam brand as a single-point solution provider

As Greenlam Industries continues to navigate its expansion phase, the company remains focused on leveraging its increased manufacturing capabilities, diverse product portfolio, and strategic market positioning to drive long-term growth and value creation for its stakeholders.