EPACK Durable Ltd

EPACK Durable Limited announced that its Board of Directors has recommended the re-appointment of M/s Deloitte Haskins & Sells as the company's Statutory Auditors. This re-appointment is for a second consecutive term of five years, subject to shareholder approval at the upcoming Annual General Meeting (AGM). The auditors will serve from the conclusion of the 7th AGM until the conclusion of the 12th AGM in 2031. This move confirms the continuation of the existing auditor relationship and does not involve a change in auditors.

EPACK Durable Limited announced its financial results for the first quarter of FY2026-27, reporting a record-breaking consolidated revenue of ₹8,860 million, a 33.8% increase year-on-year. The company's operational highlights include significant growth in the Room Air Conditioners (RAC) segment (43.8% YoY) and Small Domestic Appliances (SDA) & Large Domestic Appliances (LDA) segments (68.9% YoY). Despite a decline in the component segment (-23.1% YoY) and pressure on margins due to market conditions, the company achieved a 0.7% YoY growth in EBITDA to ₹550 million. Management expressed confidence in sustaining growth momentum and improving operating efficiencies.

EPACK Durable Limited announced the re-appointment of M/s Ernst & Young LLP as its Internal Auditor for the Financial Year 2026-27. This decision was approved by the Board of Directors following a recommendation from the Audit Committee. The company also disclosed its standalone and consolidated un-audited financial results for the quarter ended June 30, 2026. The financial results highlighted a qualified conclusion from the statutory auditors, Deloitte Haskins & Sells, primarily due to a disputed trade receivable balance of ₹1,961 lakhs. The auditors could not determine the exact impact of this dispute on the financial statements.

EPACK Durable Limited announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The Board of Directors approved the results and the re-appointment of M/s Ernst & Young LLP as Internal Auditor for FY 2026-27. The company's financial results were reviewed by statutory auditors, Deloitte Haskins & Sells, who noted a qualified conclusion regarding disputed trade receivables amounting to ₹1,961 lakhs. The results also mention the reversal of PLI income and recognition of incentive income under RIPS 2024.

EPACK Durable Ltd has scheduled a Board of Directors meeting for August 11, 2026. The primary agenda is to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company also confirmed that the trading window for designated persons has been closed since July 1, 2026, and will reopen 48 hours after the financial results are declared.

EPACK Durable Limited has entered into an agreement with Adfactors PR Private Limited to avail Public Relations services. This engagement is in compliance with SEBI Listing Regulations. The agreement does not involve any shareholding, special rights, or related party transactions. Adfactors PR Private Limited is not related to the promoters or group companies of EPACK Durable Limited. The company has provided the necessary disclosures as per SEBI guidelines.

EPACK Durable Limited has announced the resignation of Mohammed Kaishulla, its Chief Information Officer and a Senior Management Personnel. The resignation is effective from the close of business hours on July 18, 2026, citing unforeseen personal urgency. The company has submitted the relevant disclosures as per SEBI Listing Regulations and has also uploaded this information on its website. Mr. Kaishulla has ensured all handover documentation is complete.

EPACK Durable Limited and its wholly-owned subsidiary, EPACK Manufacturing Technologies Private Limited (EMTPL), have received approval from the Andhra Pradesh Government for a tailor-made incentive package under the Electronics Manufacturing Policy 4.0. The approval covers a combined proposed investment of ₹1,084.31 Crore, with EPACK Durable investing ₹314.31 crore and EMTPL investing ₹770 crore. This investment aims to expand manufacturing capabilities for various home appliances, including room air conditioners, components, small domestic appliances, washing machines, and televisions. The package includes the allotment of 36.41 acres of land at ₹60 Lakh per acre and a 50% capital subsidy on eligible fixed capital investment. The company anticipates this expansion will generate approximately 1,600 jobs in the state and support its long-term capacity expansion plans.

EPACK Durable Limited and its subsidiary EPACK Manufacturing Technologies Private Limited (EMTPL) have received a Government Order from the Government of Andhra Pradesh approving tailor-made incentives under the Mega Category of the Andhra Pradesh Electronics Manufacturing Policy (4.0). This includes the allotment of 36.41 acres of land to EPACK Durable at ₹60 Lakh per acre for an Air Conditioners, components and small domestic appliances facility. The incentive package also comprises a 50% capital subsidy on eligible fixed capital investment and extension of incentives to investments already made in Sri City. The company's proposed investment is approximately ₹314.31 Crore, part of a combined investment of ₹1,084.31 Crore with EMTPL. The financial impact of these incentives is expected to accrue progressively.

EPACK Durable Limited has issued a clarification regarding its CRISIL rating, which was reflected as 'Issuer Not Cooperating'. The company stated that it discontinued availing CRISIL's rating services from December 20, 2024, and informed the exchanges on August 27, 2025. EPACK Durable clarified that it has no subsisting rating engagement with CRISIL, and the current rating is voluntarily maintained by CRISIL. The company's debt facilities are currently rated by ICRA Limited, with ratings of Long term A Stable and Short term A2+ remaining unchanged as of January 27, 2026.