EPACK Durable Limited — Others, 10-07-2025: Shareholders meeting

EPACK Durable Limited has announced a postal ballot seeking shareholder approval to vary the utilisation of approximately ₹176.52 Cr of unutilised IPO proceeds originally earmarked for capital expenditure on manufacturing facilities. The company proposes reallocating funds to better align with new client demands and a new business opportunity in washing machine manufacturing. Key changes include shifting ₹39.48 Cr from Bhiwadi facility equipment to Sri City facility equipment, increasing investment in Sri City manufacturing equipment to ₹102.91 Cr, and enhancing equipment purchase for the Bhiwadi facility to ₹30.01 Cr. Loan repayments and general corporate purposes remain unchanged. This reallocation aims to expand manufacturing capabilities in Rajasthan and Andhra Pradesh, supporting growth and diversification. The revised deployment is planned for Fiscal 2026.