Greenply Industries Limited at its meeting held on September 09, 2015, approved incorporation of a Joint Venture (JV) Company in the name of "Greenply Samet India Private Limited" or such other name as mutually agreed by the Company and SAMET B.V. and as may be approved by the concerned Registrar of Companies. The said JV Company to be incorporated shall be on equal shareholding basis (1:1) as a private limited company in accordance with Indian laws. The objective of this Joint Venture Agreement is to determine, agreement, and implement the terms and conditions of the JV Company which shall be engaged in the business of manufacturing and selling functional furniture hardware such as slide systems for wooden and metallic drawers, hinge systems, lift-up systems, and other connection fittings etc.

through a manufacturing facility in India.