Greenply Industries Limited has announced a key leadership appointment, with the Board of Directors approving the appointment of Mr. Ashok Jaiswar as Senior Vice President - Marketing and Senior Management Personnel. The appointment was approved at the board meeting held on February 4, 2026, based on the recommendation of the Nomination and Remuneration Committee.

Appointment Details

The appointment becomes effective from February 5, 2026, with Jaiswar taking on the role as a full-time employee. The board meeting, which commenced at 12:30 p.m. and concluded at 2:10 p.m., formalized this strategic leadership addition to the company's senior management team.

Professional Background

Ashok Jaiswar brings extensive experience to Greenply Industries, with over 25 years in marketing and communications across diverse sectors including consumer, automotive, and industrial brands. His career has been focused on driving large-scale brand transformations and business growth initiatives.

Jaiswar's expertise encompasses several key areas:

• Digital transformation and performance marketing
• Influencer strategy and CRM analytics
• Loyalty program development and management
• Strategic P&L leadership
• Customer-focused marketing approaches

Strategic Leadership Capabilities

The new Senior Vice President brings a proven track record of transforming legacy enterprises into high-growth, startup-driven businesses. His experience includes building profitable and dominant brands that deliver lasting value for customers, partners, and stakeholders.

Jaiswar is described as a strategic leader and customer-obsessed marketer who excels at solving complex problems through creativity and insight. His appointment is expected to strengthen Greenply Industries' marketing capabilities and support the company's growth objectives.

Regulatory Compliance

The appointment disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided all required details as mandated by the regulatory framework for senior management personnel appointments.

Greenply Industries Limited has announced its Q3FY26 financial results for the quarter ended December 31, 2025, showcasing mixed performance with strong revenue growth offset by declining profitability. The plywood and allied products manufacturer also unveiled significant strategic initiatives including capacity expansion plans and substantial subsidiary investments during its board meeting held on February 4, 2026.

Consolidated Financial Performance

The company's consolidated financial metrics for Q3FY26 demonstrate contrasting trends across key performance indicators compared to the corresponding quarter of the previous year.

Segment-wise Revenue Performance

Greenply's business segments showed varied performance during the quarter, with both core divisions contributing to overall revenue growth.

Strategic Board Decisions

The board meeting on February 4, 2026, resulted in several key strategic announcements that position the company for future growth and operational expansion.

MDF Capacity Expansion

Subsidiary Investment Approval

The board approved an investment of up to 125 crores in Greenply Speciality Panels Private Limited (GSPPL) through equity share subscription. This investment will support the proposed MDF plant expansion at the Vadodara, Gujarat facility.

Exceptional Items Impact

The company's financial performance was affected by exceptional items totaling 384.60 lakhs during Q3FY26, primarily related to the implementation of New Labour Codes notified by the Government of India in November 2025. These codes consolidate 29 existing labour laws and resulted in incremental compliance costs.

Nine-Month Performance Summary

For the nine months ended December 31, 2025, Greenply reported consolidated revenue of 1,96,278.92 lakhs compared to 1,83,881.13 lakhs in the corresponding period of the previous year, representing a growth of 6.74%. However, net profit for the nine-month period declined to 5,877.51 lakhs from 7,512.02 lakhs in the previous year.

Management Changes

The company also announced the appointment of Mr. Ashok Jaiswar as Senior Vice President - Marketing and Senior Management Personnel, effective February 5, 2026. Jaiswar brings over 25 years of experience in marketing and communications across consumer, automotive, and industrial brands.