Greenpanel Industries Limited announce that the manufacturing operations at Company's MDF plant situated at Chittoor, Andhra Pradesh shall remain closed for a period of about 8 days (approx.) with effect from January 17, 2022, due to addition of new machinery (Mat Heating System) to speed up the production process and increase the capacity utilization. An estimated expenditure of INR 80-100 million (approx.) shall incur for addition of the above machinery and likely to result increase in production capacity of the plant from existing 3,60,000 CBM to revised 4,44,000 CBM (approx.) per annum.