EPACK Durable Limited has informed the Exchange about General Updates regarding intimation of receipt of incentive under "M-SIPS"
EPACK · price
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Awaiting price reaction for this filing.
EPACK Durable has received a Phase II incentive of INR 6.84 Crore under the Modified Special Incentive Package Scheme (M-SIPS) run by the Ministry of IT & Electronics, Government of India. The scheme offers incentives in three phases to companies investing in capital expenditure for setting up electronic manufacturing units, in line with the 'Make in India' and 'Aatmanirbhar Bharat' vision. This is a continuation of an earlier communication dated January 30, 2025, suggesting prior phase incentives were also received. EPACK's manufacturing facilities covered under the scheme are located in Dehradun (Uttarakhand), Bhiwadi (Rajasthan), and Sri City (Andhra Pradesh).
This is a modest positive for shareholders as it confirms government support and cash inflow for the company's electronics manufacturing investments, but INR 6.84 Crore is a small amount relative to a listed company's scale, so material stock price impact is unlikely.