EPACK Durable Limited has informed the Exchange about Update on Acquisition-Investment in Wholly-Owned Subsidiary Company
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Awaiting price reaction for this filing.
EPACK Durable has invested up to ₹9.99 crore in its wholly-owned subsidiary EPACK Manufacturing Technologies Private Limited (EMTPL) by subscribing to 99.90 lakh equity shares of ₹10 each at par through a rights issue. EMTPL, incorporated in December 2024, is in the business of manufacturing air conditioners, washing machines, refrigerators, and other home appliances, but had NIL turnover in FY25. The investment is aimed at supporting the business growth of the subsidiary. The transaction is a related-party deal (as EMTPL is wholly-owned), executed at arm's length, with three common directors.
This is a routine capital infusion into an existing 100%-owned subsidiary, with no change in control or ownership structure. Shareholders are unlikely to see a material impact on stock price, though it signals EPACK's intent to scale up its AC and appliance manufacturing arm.