GREENPLY2026-09-112026-09-11GREENPLY2026-09-11GREENPLY2026-09-112026-09-11

PartiesOfTheAgreementDomain1

GREENPLY2026-09-11

PartiesOfTheAgreementDomain1

GREENPLY2026-09-112026-09-11

PartiesOfTheAgreementDomain2

GREENPLY2026-09-11

PartiesOfTheAgreementDomain2

GREENPLY2026-09-112026-09-11

PartiesOfTheAgreementDomain3

GREENPLY2026-09-11

PartiesOfTheAgreementDomain3

xbrli:purexbrli:shares

GREENPLY

GREENPLY INDUSTRIES LIMITED

New

Others

Binding Head of Terms (HoT)

Execution of agreement

Listed Entity

true

2026-09-11

16:05:00

true

2026-09-11

Execution of a binding Head of Terms (“HoT”) with Samet B.V. (“Samet”), Greenply Samet Private Limited (“JV Company”) and Samet Kalip Ve Madeni Eşya Sanayiİ Ve Ticaret A.Ş. (“Confirming Party”) in relation to the proposed capital infusion by Samet into the JV Company, pursuant to which Samet would increase its voting interest from 50% to ~81.02% in the JV Company and the Company’s voting interest would stand diluted from 50% to ~18.98% in the JV Company, upon completion of the said capital infusion (“Proposed Transaction”). Further the HoT has also been executed today. The Proposed Transaction shall be subject to execution of definitive documents (including an amended and restated shareholders agreement in supersession of the existing joint venture agreement dated 1st June 2023 executed between Samet, the Confirming Party and the Company with respect to the JV Company), on mutually agreeable terms, and completion of customary conditions precedent such as procurement of any third-party consents. Upon completion of the Proposed Transaction, the JV Company will cease to be an associate company of the Company.

2026-09-11

true

Upon completion of the Proposed Transaction, the JV Company will cease to be an associate company of the Company.

SAMET B.V., a company incorporated under the laws of the Netherlands, having its registered office at Weesperstraat 61, 1018 VN, Amsterdam, the Netherlands

Party entering into the agreement

NIL

false

SAMET KALIP VE MADENİ EŞYA SANAYİ VE TİCARET A.Ş., a company incorporated under the laws of the Republic of Türkiye, having its registered office at Atatürk Mahallesi, Menderes Caddesi No: 8, Esenyurt 34513, Istanbul, Türkiye;

Party entering into the agreement

NIL

false

GREENPLY SAMET PRIVATE LIMITED, a company incorporated under the laws of India, having its registered office at D Wing - Unit No. 501, Lotus Corporate Park, Goregaon East, Mumbai, Maharashtra – 400063, India.

Party entering into the agreement

0.5

105750000

0.5

true

The Joint Venture Company is an associate company of the Company but shall cease to be an associate of the Company, upon completion of the proposed transaction.

false

2026-09-11

Preliminary terms and conditions of the proposed capital restructuring (pursuant to which Samet B.V. would increase its voting interest from 50% to ~81.02% in the JV Company and the Company’s voting interest would stand diluted from 50% to ~18.98% in the JV Company), and consequent changes in governance and management structure of the JV Company, on account of the proposed capital restructuring.

Upon completion of the proposed transaction: (a) The JV Company shall cease to be an associate company of the Company, and the Company shall cease to have any right to appoint any director on the Board of Directors of the JV Company; (b) All operational and day-to-day management decisions of the JV Company shall be under the control of Samet B.V., save and except specified reserved matters (which shall require the affirmative vote of the Company). (c) Company shall have a tag along right in case of any transfer of JV Company’s shares by Samet B.V. (d) Company shall have a pre-emptive right to subscribe on pro-rata basis, in case of any issuance which may dilute the Company’s shareholding to below~18.98%.

false