Greenply reports strong half-year earnings, reappoints chairman

Greenply Industries Limited reported unaudited standalone profit before tax of INR 4,861.13 lakhs and consolidated profit before tax of INR 5,948.50 lakhs for the half-year ended September 30, 2025. Standalone total income for the period reached INR 98,058.15 lakhs, while consolidated total income was INR 1,30,430.94 lakhs. The board of directors approved these results at a meeting on November 4, 2025, which also concluded a limited review by statutory auditors.

In a key governance decision, the board approved the re-appointment of Mr. Rajesh Mittal as chairman cum managing director for a further five-year term, effective January 1, 2026, pending shareholder approval via postal ballot. The cut-off date for voting rights for the postal ballot is November 24, 2025.

Additionally, the board sanctioned an unsecured loan of up to INR 15,00,00,000 to Greenply Speciality Panels Private Limited, a wholly-owned subsidiary, to support its working capital requirements. This related-party transaction will be at an interest rate of Greenply Industries Limited’s borrowing cost plus 1% or Repo Rate plus 2%, whichever is higher, and repayable on demand.