Greenlam Industries Limited has expanded its international presence by establishing a wholly-owned subsidiary, GRLAM Trading, in Egypt.
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The subsidiary, with a share capital of 2 million Egyptian Pounds (approximately ₹1.15 crore), will focus on the distribution and wholesale of high-pressure laminates and other paper/wood-based products in the Egyptian market. This strategic move aligns with Greenlam’s core business objectives and aims to strengthen its market position in the Middle East and North Africa region.
The incorporation is a related party transaction due to Greenlam’s full ownership, but no additional promoter group interests are involved.
