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Greenlam Industries Ltd - 538979 - MEETING OF THE UNSECURED CREDITORS OF THE COMPANY CONVENED PURSUANT TO ORDER DATED FEBRUARY 22, 2023 OF THE HON''''ble NCLT, NEW DELHI BENCH, IN THE MATTER OF SCHEME OF ARRANGEMENT BETWEEN GREENLAM INDUSTRIES LIMITED AND HG INDUSTRIES LIMITED

 Pursuant to the Order of Hon''ble National Company Law Tribunal, New Delhi Bench (NCLT), dated February 22, 2023 in Company Application No. CA(CAA)No. 06/ND/2023 ('Order'), a meeting of the Unsecured Creditors of Greenlam Industries Limited (the Company) is being convened on Friday, April 21, 2023 at 04:30 p.m. (IST) ('Meeting') through video conferencing ('VC') / other audio visual means ('OAVM') as per applicable laws, to consider, and if thought fit, to approve, with or without modification, the proposed Scheme of Arrangement between Greenlam Industries Limited and HG Industries Limited and their respective Shareholders and Creditors under Sections 230 to 232 of the Companies Act, 2013, read with the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 and other applicable provisions of the Companies Act, 2013 and rules framed thereunder ('Scheme'). Please refer the attachment for more details.
17-03-2023
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Greenlam Industries Ltd - 538979 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

 Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform that the officials of the Company will interact with multiple Investors at the event, as enclosed.
16-02-2023
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Greenlam Industries Ltd - 538979 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript

 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Transcript of Earnings Call held on February 03, 2023 to discuss operational and financial performance for Q3 9M FY 23. Kindly take the above information on records.
08-02-2023
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Greenlam Industries Ltd - 538979 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

 Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform that the officials of the Company will interact with multiple Investors at the event, details of which are as attached.
07-02-2023
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Greenlam Industries Ltd - 538979 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Audio Recording of Earnings Call held on February 03, 2023 to discuss operational and financial performance for Q3 9M FY23, is available on the website of the Company and can be accessed at below link: https://www.greenlamindustries.com/investor/financials/con-call-transcripts.html Kindly take the above information on records.
03-02-2023
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Greenlam Industries Ltd - 538979 - Greenlam Employees Stock Option Scheme, 2023

 We wish to inform that the Board of Directors at its meeting held on 2nd February, 2023 has approved the introduction of an Employee Stock option plan in the Company titled "Greenlam Employees Stock Option Scheme, 2023' (ESOS 2023) framed in accordance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Subsequently, approval shall be sought from the shareholders of the Company through postal ballot for implementation of ESOS 2023.
03-02-2023
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Greenlam Industries Ltd - 538979 - Announcement under Regulation 30 (LODR)-Investor Presentation

 Please find enclosed herewith the Presentation on the Financial Results of the Company for the quarter and nine months ended December 31, 2022. Kindly take the above information
02-02-2023
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Q3FY23 Quarterly Result Announced for Greenlam Industries Ltd.

 Greenlam Industries announced Q3FY23 results: Q3FY23: Net revenues reported at Rs 503.5 crore, a growth of 12% on a YoY basis. Overall laminate value and volumes grew by 12.5% and 7.1% respectively on a YoY basis. EBDITA reported at Rs 54.8 crore, a growth of 2.7% on a YoY basis. Net profit reported at Rs 28.2 crore, a growth of 4.8% on a YoY basis. 9MFY23: Net revenues reported at Rs 1,492.1 crore, a growth of 20.3% on a YoY basis. Overall laminate business grew by 20.2%, however volumes de-grew by 1.6% on a YoY basis. EBDITA reported at Rs 158.8 crore, a growth of 15.5% on a YoY basis. Net Profit reported at Rs 81.9 crore, a growth of 26.2% on a YoY basis. Speaking about the results Mr. Saurabh Mittal, Managing Director and Chief Executive Officer, Greenlam Industries Ltd. said, The third quarter of 2023 witnessed continued momentum in our business with revenue for the quarter at Rs 503.5 crore. Our overall laminate business grew by 12.5% in value terms and 7.1% in volumes on YoY basis. Our gross margins expanded by 400 bps to 48.3% on YoY basis primarily on account of declining raw material costs and improved product mix. However, the overall EBIDTA margin declined by 100 bps and stood at 10.9% on account of higher operating expenses. PAT for the quarter grew by 4.8% on YoY basis and stood at Rs 28.2 crore. We continued our focus on managing our balance sheet with improvement in net working capital. Net working capital days stood at 68 days in Q3FY23 as compared to 69 days in Q2FY23. Our net debt for the quarter stood at Rs 147.5 crore, an increase of Rs 71.9 crore on QoQ basis primarily on account of debt being drawn for our new projects. Sustaining our focus on strengthening our manufacturing capabilities, our plant in Prantij, Gujarat started its operations in August 2022 and all the presses with the enhanced capacity shall be operational by March 2023. Our plywood project in Tindivanam, Tamil Nadu is likely to start its commercial production by Q4FY23. Our high-pressure laminate project in Naidupeta, Andhra Pradesh is expected to start commercial production by Q1FY24. Further our particle board project in Naidupeta, Andhra Pradesh shall start commercial production by Q4FY24. We have partnered with IFC (International Finance Corporation) for part funding of the Naidupeta project. This quarter we also launched our brand campaign, "Kuch Mera, Kuch Tumhara,” to promote a wide range of surfacing solutions, on television and digital media. The campaign showcases the diverse portfolio of Greenlam Laminates. We also expanded our retail experience by launching an experience centre in Ahmedabad, Gujarat. The experience centre provided Greenlam’s customers with an immersive experience featuring a myriad range of products across all brands of Greenlam Industries including laminates, compacts, interior and exterior cladding, restroom cubicles & locker solutions, decorative veneers, engineered wooden floors and doors. At Greenlam, we always believe in serving our customers with top-notch products and services. Our constant endeavour is to bring superior and exquisite products, which are developed using the latest industry-first technology that aids them to redefine their living spaces.’’ Result PDF
02-02-2023
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Greenlam Industries Ltd - 538979 - Announcement under Regulation 30 (LODR)-Press Release / Media Release

 Please find enclosed herewith the Press Release on the Financial Results of the Company for the quarter and nine months ended December 31, 2022.
02-02-2023
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Greenlam Industries Ltd - 538979 - Un-Audited Financial Results For The Quarter And Nine Months Ended December 31, 2022

 Pursuant to Regulation 30, 33(3)(d), 52(2)(d) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are submitting herewith the Un-audited Standalone & Consolidated Financial Results along with Segment-wise Revenue, Results, Assets, Liabilities and Capital Employed of the Company for the quarter and nine months ended December 31, 2022, duly approved by the Board of Directors at its meeting held on February 02, 2023. Further, the Statutory Auditors of the Company have carried out the Limited Review of the above results and the Limited Review Report is also attached. The Board Meeting commenced at 11:55 AM and concluded at 01:12 P.M.
02-02-2023
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