EPACK Durable Limited has informed the Exchange about change in Management- Senior Management Personnel(s) of the Company.
EPACK · price
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EPACK Durable's board, at its May 1, 2025 meeting, made three senior management changes. Mohammad Lateef Choudhary, with the company since incorporation, was elevated from President-Manufacturing & Operations to Chief Operating Officer. Girish Mokashi, a 26-year veteran, was promoted from AVP to VP (R&D-Room Air Conditioner). Ms. Surbhi Goyal, a 19-year sourcing professional with prior stints at LG Electronics, Carrier, and Noise, was appointed externally as AVP-Sourcing & Purchase. Separately, the board approved a corporate guarantee of up to Rs. 138 crore for its wholly owned subsidiary EPACK Manufacturing Technologies Pvt Ltd (EMTPL) to secure bank credit facilities for capex and working capital at its manufacturing facilities.
The management changes are mostly internal promotions plus one external senior hire, suggesting continuity in operations with strengthening of the sourcing function. The Rs. 138 crore guarantee to the wholly owned subsidiary creates a contingent liability for EPACK Durable, exposing the parent to its subsidiary's debt obligations, though the subsidiary is fully owned.