Business Update23 Dec 2025, 07:22 pm
EPACK Durable Ltd. to Set Up New Manufacturing Facility in Bhiwadi and Initiate Legal Proceedings Against Debtor
AI Summary
EPACK Durable Ltd. announced the outcome of its Board Meeting held on December 23, 2025. The company approved the setting up of another manufacturing facility at Bhiwadi to handle the production of Air Coolers due to space constraints at the existing facility. The new facility will not result in any capacity addition, but rather a relocation of existing production lines. The Board also approved taking suitable land on Lease for this purpose. Additionally, the company initiated legal proceedings against debtor M/s Gangnam Steel Retail Private Limited for wilful non-payment of legitimate dues towards the Company of Rs. 19,61,21,575/-.
Key Highlights
- EPACK Durable Ltd. to set up a new manufacturing facility in Bhiwadi for Air Cooler production.
- The new facility will not result in capacity addition, but a relocation of existing production lines.
- The company approved taking suitable land on Lease for the new facility.
- EPACK initiated legal proceedings against debtor M/s Gangnam Steel Retail Private Limited.
- The company is claiming Rs. 19,61,21,575/- from the debtor for non-payment of legitimate dues.