EPACK Durable Limited has informed the Exchange regarding execution of Joint Venture Agreement between Bumjin Electronics Co. Limited
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EPACK Durable has signed a Joint Venture Agreement with South Korea-based Bumjin Electronics Co. Limited to manufacture and sell TV speakers, soundbars, AI speakers, Bluetooth speakers, and smart speakers. EPACK will hold a 66.67% stake in the JV company while Bumjin will hold 33.33%, with the JV to be initially focused on India with an option to expand internationally. The initial authorized share capital of the JV entity is set at INR 14 crore (14 million equity shares of INR 10 each). The JV will eventually become a subsidiary of EPACK Durable post-investment, and the deal is not classified as a related party transaction. The company expects this move to bring advanced TV speaker manufacturing technology into India, support portfolio diversification, and tap into growing smart home and audio device demand.
This is a growth-oriented move that diversifies EPACK's product portfolio into consumer audio and brings in global manufacturing expertise, which could positively support long-term revenue and margin expansion. Investors may view the international partnership as a positive signal, though the small initial capital size suggests the financial impact will be gradual.