EPACK Durable Limited has informed the Exchange regarding execution of Joint Venture agreement with Bumjin Electronics Co. Limited
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EPACK Durable Limited has signed a Joint Venture Agreement with Korea-based Bumjin Electronics Co. Limited on July 24, 2025, to manufacture and sell TV speakers, sound bars, AI speakers, Bluetooth speakers, and smart speakers in India, with an option to expand internationally. EPACK will hold a 66.67% stake in the JV company while Bumjin will hold 33.33%. The initial authorized share capital of the JV is small at INR 10 lakh (1 lakh equity shares of INR 10 each), with Bumjin nominating 2 directors and EPACK appointing 3. The JV is not a related party transaction at this stage, but will become a subsidiary of EPACK post-investment. The company expects this to bring global manufacturing expertise to India, support portfolio diversification, and boost domestic value addition in the audio electronics space.
Positive for shareholders — this strategic JV with a Korean electronics player gives EPACK a foothold in the fast-growing TV speaker and sound bar segment, tapping into smart home and audio device demand. However, the initial capital outlay is small, so material financial impact will depend on future funding and scale-up of the JV's operations.