EPACK Durable

Rajesh Kumar Mittal resigned as chief financial officer of EPACK Durable effective October 31, citing personal reasons. The company reported consolidated revenue of Rs 439.3 crore for the September quarter with a net loss of Rs 25.1 crore, while half-year revenue stood at Rs 1,325.4 crore with a loss of Rs 13.3 crore. The board approved the sale of its entire 50% stake in Epavo Electricals, comprising 2,21,26,000 shares, to joint venture partner Ram Ratna Wires for Rs 15.0 crore at Rs 6.78 per share, and recorded a Rs 7.1 crore impairment on the holding as an exceptional item. The board also approved voluntary strike-off of two non-operational wholly owned subsidiaries with nil revenue in FY26, and said the termination of former senior vice-president Maneesh Bahuguna was withdrawn after an enquiry found no mala fide though his cessation as senior management personnel from August 21 remained effective. Mittal had served the group for more than six years, including as vice-president of EPACK Manufacturing Technologies. EPACK Durable reported consolidated revenue of Rs 1,894 crore in FY26, with room air conditioners and components accounting for about three-quarters of turnover and a base of 67 to 72 brand customers. Gross borrowings stood at about Rs 775 crore at end-September against cash of Rs 1.1 crore, with inventories at Rs 714 crore.

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EPACK Durable's board on October 29, 2026 approved the sale of its entire 50% stake in Epavo Electricals to joint venture partner Ram Ratna Wires for Rs 15 crore at Rs 6.78 per share, with closing guided for November 30, 2026 and a three-year restriction on manufacturing BLDC motors. The board also noted Chief Financial Officer Rajesh Kumar Mittal's resignation citing personal reasons, effective at the close of business on October 31, 2026 after more than six years with the group. The company reported consolidated second-quarter revenue of Rs 439.3 crore with a net loss of Rs 25.1 crore, and half-year revenue of Rs 1,325.4 crore with a net loss of Rs 13.3 crore, while the auditors repeated a qualification on a Rs 19.6 crore disputed receivable. EPACK Durable reported FY26 revenue of Rs 1,894 crore, down 12.7%, with room air-conditioners at Rs 1,046 crore and components growing more than 100% to Rs 366 crore. Operating cash flow was negative Rs 140 crore in FY26 and gross debt stood at more than Rs 700 crore, while its Sri City plant with Hisense started air-conditioner production in late March 2026 with 0.75 million units of phase-1 capacity. The board also approved voluntary strike-off of two non-operating wholly owned subsidiaries and an internal enquiry into former Senior Vice President Maneesh Bahuguna found no mala fide intent, though his cessation as senior management from August 21, 2026 remained effective.

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EPACK Durable reported consolidated revenue from operations of Rs 439.33 crore for the quarter ended September 30, 2026 with a net loss of Rs 25.07 crore, taking half-year revenue to Rs 1,325.36 crore and net loss to Rs 13.25 crore. The board noted the resignation of Chief Financial Officer Rajesh Kumar Mittal with effect from the close of October 31, 2026 citing personal reasons. The board approved the sale of its entire 50% holding of 2.21 crore shares in Epavo Electricals to joint venture partner Ram Ratna Wires for Rs 15.00 crore at Rs 6.78 per share with closing expected by November 30, 2026. The company recognised an impairment of Rs 7.13 crore on the Epavo investment as an exceptional item and the auditors maintained a qualified conclusion on Rs 19.61 crore of disputed trade receivables. The board approved initiation of voluntary strike-off of wholly owned non-operational subsidiaries Bumjin India Audio Products and EPACK Electronic Component, and clarified that Maneesh Bahuguna ceased as Senior Management Personnel with effect from August 21, 2026 after an enquiry found no mala fide intention. Epavo manufactured brushless DC motors and air-movement solutions and the transaction included a three-year restriction on EPACK manufacturing such motors. The company closed fiscal 2026 with consolidated revenue of about Rs 1,894 crore including room air conditioners of Rs 1,046 crore and components of Rs 366 crore, and its Sri City plant began air-conditioner production in late March 2026 with 0.75 million units of phase-1 capacity.

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EPACK Durable removed Maneesh Bahuguna, its Senior Vice President for R&D and Sourcing and a member of senior management, with effect from the close of August 21, and terminated his employment. The decision followed internal findings of non-compliance with the company’s data-handling and confidentiality protocols, and immediate remedial measures included securing the affected data. EPACK manufactured room air-conditioners, small and large domestic appliances, and components across three plants. Room air-conditioners accounted for 55% of FY26 revenue from operations, while small and large domestic appliances contributed 21%, against revenue of about ₹1,895 crore.

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Aug 11 (Reuters) - Epack Durable Ltd EPAC.NS:

• EPACK DURABLE JUNE-QUARTER CONSOL NET PROFIT 118.2 MILLION RUPEES

• EPACK DURABLE JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 8.86 BILLION RUPEES

Source text: ID:nBSE4rmh9R

Further company coverage: EPAC.NS

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** Shares of India's EPACK Durable EPAC.NS jump as much as 5.3%, last up 2.62% at 238.79 rupees

** Co secures Andhra Pradesh government's approval for combined 10.84 billion rupees ($114.08 million) investment by co and its unit under state's electronics manufacturing policy

** Proposed investment will expand manufacturing capacity for air conditioners, washing machines, televisions and other home appliances

** Co says project is expected to create about 1,600 jobs and support its long-term manufacturing expansion plans

** YTD stock down 15.5%

($1 = 95.0200 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

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EPACK Durable Limited said on Tuesday it had received a government order from the Government of Andhra Pradesh approving a tailor-made incentives package under the state's electronics manufacturing policy. The package covers a combined proposed investment of ₹1,084.31 crore by the company and its subsidiary EMTPL, including a 50% capital subsidy on eligible fixed investment, other policy incentives and the allotment of 36.41 acres in Sri City at ₹60 lakh per acre. EPACK's own investment is pegged at ₹314.31 crore for an air conditioner, components and small domestic appliances facility. The company had intimated its intent to apply for incentives in November 2025, and the approval extends benefits to investments made after November 2024.

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June 30 (Reuters) - Epack Durable Ltd EPAC.NS:

• GETS ORDER FROM ANDHRA PRADESH GOVERNMENT WITH PROPOSED INVESTMENT OF ABOUT 3.14 BILLION RUPEES

Source text: [ID:]

Further company coverage: EPAC.NS

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June 12 (Reuters) - Epack Durable Ltd EPAC.NS:

• EPACK DURABLE - TAX DEMAND REDUCED TO 58.9 MILLION RUPEES FROM 290.3 MILLION RUPEES

Source text: ID:nNSE4zM5JX

Further company coverage: EPAC.NS

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May 19 (Reuters) - Epack Durable Ltd EPAC.NS:

• EPACK DURABLE - RECEIPT OF ENTITLEMENT CERTIFICATES UNDER RIPS 2024 FOR TURNOVER LINKED INCENTIVE

Source text: ID:nBSE2XkcB2

Further company coverage: EPAC.NS

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April 23 (Reuters) - Epack Durable Ltd EPAC.NS:

• EPACK DURABLE LTD - NARAYAN LODHA RESIGNS AS EXECUTIVE DIRECTOR AND GROUP CFO EFFECTIVE APRIL 30, 2026

Source text: ID:nBSEbTcGH6

Further company coverage: EPAC.NS

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March 30 (Reuters) - Epack Durable Ltd EPAC.NS:

• INCENTIVE OF 375 MILLION RUPEES APPROVED UNDER PLI SCHEME

Source text: ID:nNSE1xFYkv

Further company coverage: EPAC.NS

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March 11 (Reuters) - Epack Durable Ltd EPAC.NS:

• EPACK DURABLE LTD - RECEIVES COMMUNICATIONS ON POSSIBLE GAS AVAILABILITY CONSTRAINTS

• EPACK DURABLE LTD - TEMPORARILY STOPS CERTAIN PRODUCTION FOR WEST ASIA MARKET

• EPACK DURABLE LTD - DOES NOT ANTICIPATE MATERIAL IMPACT ON OVERALL OPERATIONS

• EPACK DURABLE LTD - MONITORING SITUATION AND EVALUATING ALTERNATIVES FOR MANUFACTURING CONTINUITY

Source text: ID:nBSE5hnhkG

Further company coverage: EPAC.NS

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Jan 20 (Reuters) - Epack Durable Ltd EPAC.NS:

• EPACK DURABLE LTD DEC-QUARTER CONSOL NET PROFIT 25.9 MILLION RUPEES

• EPACK DURABLE LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 4.28 BILLION RUPEES

Source text: ID:nNSE2YbZbx

Further company coverage: EPAC.NS

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Dec 23 (Reuters) - Epack Durable Ltd EPAC.NS:

• APPROVED SETTING UP ANOTHER NEW FACILITY AT BHIWADI

• FILES COMPLAINT AGAINST GANGNAM STEEL FOR NON-PAYMENT OF 196.1 MLN RUPEES

Source text: ID:nnAZN4RITSD

Further company coverage: EPAC.NS

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Aug 29 (Reuters) - Epack Durable Ltd EPAC.NS:

• SEARCH PROCEEDINGS BY ADDITIONAL COMMISSIONER STATE TAX FOR CO’S UNIT AT UTTARAKHAND

• NO IMPACT QUANTIFIABLE AT THIS STAGE BY SEARCH PROCEEDINGS

Further company coverage: EPAC.NS

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July 25 (Reuters) - Epack Durable Ltd EPAC.NS:

• PARTNERS WITH BUMJIN FOR SMART AUDIO GROWTH

Source text: ID:nNSEDd2KZ

Further company coverage: EPAC.NS

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July 24 (Reuters) - Epack Durable Ltd EPAC.NS:

• SIGNS JV AGREEMENT WITH BUMJIN ELECTRONICS

• JV TO MANUFACTURE AND SELL TV SPEAKERS, SOUNDBARS, AI SPEAKERS

Source text: ID:nBSE5xqFgR

Further company coverage: EPAC.NS

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** Shares of Epack Durable Ltd EPAC.NS slide 7.1% to 354.20 rupees, look set for worst day since February 3

** Air conditioner (AC) designer and manufacturer reported 2.2% decline in first-quarter profit on Saturday, as unseasonal rains in the summer hurt demand for ACs

** Quarterly revenue fell 14.4%, led by a 34% revenue drop in EPAC's room AC segment

** Stock extends YTD losses to ~36%

(Reporting by Nandan Mandayam in Bengaluru)

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** Shares of Epack Durable Ltd EPAC.NS rise as much as 2.9% to 359.50 rupees
** Electronics items maker commences commercial production of washing machines at its Sri City plant in Andhra Pradesh to utilize its enhanced capacity
** Stock on track to gain for 2nd straight day
** EPAC last up 2.7%, cutting YTD losses to 36.8%

(Reporting by Meenakshi Maidas in Bengaluru)

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** Shares of Epack Durable Ltd EPAC.NS rise as much as 2.4% to 365.25 rupees
** Consumer durables maker says it is in processof adding more capacity for new product - washing machines
** Adds, proposed capacity addition of 600,000 units per year at investment of 500 million rupees ($5.8 million)
** More than 425,000 shares traded as of 1:58 p.m. IST, more than half of their 30-day moving avg of 709,781 shares
** EPAC last up 1%, cutting YTD losses to 35.5%

($1 = 86.5190 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

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** Shares of Epack Durable EPAC.NS, PG Electroplast PGEL.NS and Amber Enterprises AMBE.NS up between 2%-5%

** Room air conditioners and electronics manufacturing services sectors poised for significant expansion due to favorable macro trends and shift toward domestic electronic goods makers, analyst at Nirmal Bang says

** Brokerage initiates coverage on EPAC with "buy" rating, sets PT of 504 rupees; says co offers reasonable valuations and growing original design manufacturer presence

** Nirmal Bang also initiates coverage on PGEL and AMBE with "hold" ratings; says both cos are fundamentally strong but trade at premium valuations

** Sets PT of 863 rupees and 6,910 rupees on PGEL and AMBE, respectively

** EPACK has most attractive risk-reward opportunity, while PGEL and AMBE are better suited for long-term investment - Nirmal Bang

(Reporting by Ashna Teresa Britto in Bengaluru)

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** Epack Durable EPAC.NS jumps 5% to 376.3 rupees

** Co gets approval to disburse second tranche of incentive worth 300 mln rupees ($3.5 mln) under production-linked incentive (PLI) scheme for white goods for FY24

** Makes requisite investments as per terms of PLI approval in manufacturing of room air conditioner components segment

** More than 800,000 shares traded, surpassing six-month daily avg volume

** EPAC down 32% YTD

($1 = 85.9510 Indian rupees)

(Reporting by Vivek Kumar M)

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Jan 31 (Reuters) - Epack Durable Ltd EPAC.NS:

• DEC-QUARTER CONSOL NET PROFIT 25.1 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 3.77 BILLION RUPEES

Source text: [ID:]

Further company coverage: EPAC.NS

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Jan 30 (Reuters) - Epack Durable Ltd EPAC.NS:

• RECEIVES 7.8 MILLION RUPEES INCENTIVE UNDER M-SIPS SCHEME OF GOVERNMENT

Source text: ID:nBSE78N9js

Further company coverage: EPAC.NS

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** Shares of air conditioner manufacturer EPACK Durable EPAC.NS down the exchange-allowed maximum of 5% to 568.45 rupees, set to fall for a third straight session

** Overall, 673,821 shares traded in 5 block deals on NSE at a discount ranging between 4.7% to 5% - LSEG data

** Trading vols at 1.6 mln shares, more than 2x the 30-day average

** EPAC set to snap 6-week gaining streak, down ~9% during the week

** Stock more than doubled since its trading debut in January last year

(Reporting by Vijay Malkar)

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** Epack Durable EPAC.NS climbs 4.2% to 497.7 rupees

** Brokerage ICICI Securities starts with "buy"; sets TP of 555 rupees - 16.2% premium to Tuesday's close

** Says home appliances maker's room air conditioners (RAC) segment posed for robust growth; strong capacity additions will help co capitalise on demand tailwinds

** Adds EPAC's entry into small and large domestic appliances will lead to higher margins and buck seasonality-led impact in RAC segment's profitability

** Expects 52.2% CAGR over FY24-27

** Stock sees most active session in over a month, with volumes at 2.5x the 30-day avg

** EPAC up 125% since listing on Jan. 30

(Reporting by Manvi Pant in Bengaluru)

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** Indian home appliance maker Epack Durable EPAC.NS hits lower circuit; down 5% to 425.80 rupees

** Co on Tuesday said the office of the Commissioner of Customs initiated a search at its Bhiwadi manufacturing facility in Rajasthan state

** The officials concluded the search without seizing any documents or items

** Stock set to snap four straight sessions of gains

** EPAC up ~115% YTD since its listing on Jan. 30

(Reporting by Yagnoseni Das in Bengaluru)

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Dec 3 (Reuters) - Epack Durable Ltd EPAC.NS:

• EPACK DURABLE - SIIB OFFICIALS CONCLUDED VISIT WITHOUT SEIZING ANY DOCUMENTS OR ITEMS

Further company coverage: EPAC.NS

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** Epack Durable EPAC.NS climbs exchange-allowed upper circuit of 5% to 408.55 rupees

** Home appliances maker signs deal with Shenzhen-listed Hisense 000921.SZ to set up manufacturing facility in India to produce Hisense's air conditioners and home appliances

** EPAC will invest in new manufacturing facility in Andhra Pradesh, with initial production set to begin in June 2025

** Co did not disclose deal amount and investment required

** Overall 677,423 shares traded, 0.2x 30-day average

** EPAC up ~85% since its listing on Jan. 30

(Reporting by Vijay Malkar)

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