EPL Limited has informed the Exchange about Investment in EPL Packaging (Thailand) Co. Ltd.
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EPL Limited has invested approximately Rs. 32.86 Million (12.87 million Thai Baht) in its wholly-owned subsidiary EPL Packaging (Thailand) Co. Ltd. (EPTL) by subscribing to 1,28,700 shares. EPTL was incorporated on February 4, 2025, and is yet to commence business. It is being set up to pursue growth opportunities in Thailand in manufacturing and trading of laminated tubes. Additionally, another wholly-owned subsidiary Lamitube Technologies Ltd. is investing Rs. 0.33 Million for 1,300 shares, keeping EPL's shareholding at 99%. The transaction is a related party transaction conducted at arm's length, with completion expected by June 30, 2025.
This is a routine capital infusion into a newly formed wholly-owned subsidiary to establish overseas operations in Thailand. The investment size is relatively small and unlikely to materially impact the stock. It signals EPL's international expansion plans in the laminated tubes business, which is a positive long-term strategic move.