StockWatch
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Household Appliances
Management Change21 Aug 2026, 06:30 pm

EPACK Durable Removes Senior Management Personnel

AI Summary

EPACK Durable Ltd has informed the exchange about a significant management change. The Board of Directors, upon recommendation from the Nomination and Remuneration Committee, has approved the immediate removal of Mr. Maneesh Bahuguna, Senior Vice President (R&D & Sourcing) and Senior Management Personnel (SMP). This removal is effective August 21, 2026, and is due to internal findings of non-compliance with the company's data handling and confidentiality protocols. Consequently, his employment has also been terminated. The company has implemented remedial measures and secured the affected data.

Key Highlights

  • Senior Vice President (R&D & Sourcing) removed from management.
  • Removal effective August 21, 2026, with immediate effect.
  • Reason cited: Non-compliance with data handling protocols.
  • Employment terminated; remedial measures taken by company.