EPACK Durable Limited — Important, 19-04-2025: Agreements

EPACK Durable Limited has entered into a sub-lease agreement with its wholly owned subsidiary, EPACK Manufacturing Technologies Private Limited (EMTPL), concerning a portion of its premises in Sri City, Andhra Pradesh. This agreement spans a duration of 10 years from the date EMTPL takes possession of the sub-leased space, with a rent escalation clause of 5% per annum. The transaction is categorized as a related party transaction, adhering to arm's length principles, given that EMTPL is fully owned by EPACK Durable and shares common board members with the company. This strategic initiative could enhance operational efficiency, allowing greater utilization of resources while maintaining a positive outlook for future business synergies.