GREENPLY INDUSTRIES LTD. - Allotment of Equity Shares

Greenply Industries Ltd has informed BSE that pursuant to an order passed by the Hon'ble Gauhati High Court on October 31, 2014 approving the Scheme which became effective on November 17, 2014 and pursuant to Clause 8 of the Scheme, the Board of Directors of Greenlam Industries Limited at their meeting held on November, 2014 allotted 2,41,36,374 equity shares of Rs. 5/- each to the Shareholders of Greenply Industries Limited who held shares on the November 27, 2014, being the record date.<BR><BR>Accordingly, upon issue of the above-said equity shares by Greenlam Industries Limited to the shareholders of Greenply Industries Limited In terms of the Scheme, the existing equity share capital of Rs. 5,00,000/- consisting of 1,00,000 equity shares of Rs. 5/- each stands cancelled, without any further act or deed and consequently Greenlam Industries Limited ceases to be a subsidiary of Greenply Industries Limited.