EPACK commissions Hisense's first India plant at Sri City, USD 30M invested

Greenfield CommissionedCapex & Operations View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+0.5%Reaction day

₹264.02

prior close

₹266.00

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.5%+1.0% vs market

Household Appliances peers, median of 22sector+0.3%+0.2% vs sector

On the reaction day the stock moved 1.0 pts more than Nifty Microcap 250 and 0.2 pts more than its Household Appliances peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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AI summary

EPACK Durable commissioned a new 10-acre manufacturing facility at Sri City, Andhra Pradesh for Hisense through its wholly owned subsidiary EMTPL. Hisense's first India plant involves USD 30 million investment. Phase 1 will produce 0.75 million Room AC units annually, starting February 2026. Phase 2 (Q2 FY27) adds washing machines, Phase 3 (Q3 FY27) adds LED TVs. The facility currently employs 500 people, expected to grow to 2,000 over 12-24 months. Funded by debt and internal accruals.

Likely market impact

Strengthens EPACK's OEM/ODM positioning with a global brand. Revenue visibility from FY27 as phased capacity ramps up.