Greenply Industries shareholders have overwhelmingly approved the re-appointment of Rajesh Mittal as Chairman cum Managing Director through a postal ballot conducted via remote e-voting. The special resolution received strong support from shareholders, with 97.81% of valid votes cast in favor of the proposal.

Postal Ballot Results

The postal ballot process was conducted under the supervision of Dilip Kumar Sarawagi, Practicing Company Secretary, who served as the scrutinizer. The voting period commenced on November 30, 2025, at 9:00 AM and concluded on December 29, 2025, at 5:00 PM.

E-Voting Process Details

The company appointed Central Depository Services (India) Limited as the agency for providing remote e-voting facilities to equity shareholders. The postal ballot notice dated November 04, 2025, was dispatched electronically to 51,547 members who had registered their email addresses with the company or depositories, with 696 emails bouncing back.

Regulatory Compliance

In compliance with Companies (Management and Administration) Rules, 2014, newspaper publications regarding the postal ballot dispatch were made in "Aajkaal" (Bengali) on November 30, 2025, and "Business Standard" (English) on December 01, 2025. The scrutinizer's report was digitally signed and submitted on December 30, 2025, completing all regulatory requirements under the Companies Act, 2013, and SEBI listing regulations.

Leadership Continuity

The overwhelming shareholder approval ensures leadership continuity at Greenply Industries, with Rajesh Mittal continuing in his role as Chairman cum Managing Director. The strong mandate reflects shareholder confidence in the company's management and strategic direction under his leadership.

Greenply Industries Limited , a key player in the plywood and wood panel industry, has reported further expansion in its promoter group shareholding through recent open market transactions in December 2025.

Latest December 2025 Acquisition

Shakuntala Safeinvest Private Limited (formerly known as Showan Investment Private Limited) and its persons acting in concert acquired 35,300 equity shares through open market purchases on December 23-24, 2025. This acquisition involved multiple promoter group entities including Rajesh Mittal, Sanidhya Mittal, and associated companies.

Updated Shareholding Pattern

Following the December acquisition, the promoter group's shareholding structure has been updated:

Previous Transactions History

Prior to the December acquisition, Karuna Investment Pvt. Ltd. and its persons acting in concert had acquired equity shares in November 2025, which increased the promoter group's total shareholding from 51.69% to 51.71%. Subsequently, another acquisition of 23,000 equity shares occurred on December 2-3, 2025, further strengthening the promoter group's position.

Company's Equity Structure

Greenply Industries' total equity capital stands at 12,48,87,795 shares with a face value of Re. 1 each. This figure includes a recent allotment of 7,000 equity shares under the Greenply Employee Stock Option Plan 2020, which was made to certain employees on November 4, 2025.

Additional Share Information

Out of the total equity shares:

• 44,035 shares have been transferred to the Investor Education and Protection Fund
• The voting rights on these shares remain frozen until claimed by the rightful owners
• While calculating total voting rights, the voting rights of shares in the Investor Education and Protection Fund have not been excluded

Market Implications

The consistent increase in promoter holding through multiple acquisitions may be viewed positively by the market as it signals the promoter group's sustained confidence in the company's prospects. The promoter group's shareholding has now reached 51.80%, demonstrating continued commitment to the company's growth trajectory.