Greenply Industries gets nod for further investment in GSPPL

Greenply Industries has received approval for further investment of upto Rs 125 crore in one or more tranches in Equity Shares of the Company's wholly owned subsidiary i.e. Greenply Speciality Panels (GSPPL) for proposed expansion of manufacturing capacity of MDF plant of GSPPL situated at Vadodara, Gujarat.

After the above transactions, Greenply Industries will continue to hold 100% shareholdings in GSPPL. The acquisition of Equity Shares will be made during FY 2025-26 to FY 2027-28, in one or more tranches.

The Board of Directors of Greenply Industries at its meeting held on February 04, 2026 has approved the same. 

Greenply Industries (GIL) is engaged in manufacturing plywood. Greenply Industries is India's largest interior infrastructure company.