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Outcome of Board Meeting

| Updated on March 14, 2016 Published on March 14, 2016

Greenply Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 14, 2016, inter alia, has approved the following:

1. Incorporation of a private Company in Singapore as a wholly owned subsidiary Company of Greenply Industries Limited, to cater to export markets of MDF and laminated flooring products.

2. Transfer of 380583 equity shares of Rs. 10/- each of Himalaya Granites Limited held by the Company as investment, to Mr. Saurabh Mittal, a related party of the Company, at prevailing market price in one or more transaction(s).

The meeting was commenced at 2:45 p.m. and concluded at 3:30 p.m.

Source : BSE - >www.bseindia.com

Published on March 14, 2016
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