We wish to inform you that the Board of Directors of the Company has, at its meeting held today i.e. on May 27, 2025, inter alia (i) considered, approved and taken on record the transfer of 7,94,94,085 equity shares of the Company, equivalent to 24.9% of the total paid-up equity share capital of the Company, held by Epsilon Bidco Pte. Ltd. to Indorama Netherlands B.V.; and (ii) considered and approved the appointment of Mr. Aloke Lohia (holding Director Identification Number: 11107239) as an Additional (Non-Executive, Non-Independent) Director of the Company, proposed to be appointed as a Non‐Executive Director, liable to retire by rotation, based on the recommendation of its Nomination and Remuneration Committee and subject to the approval of the shareholders of the Company. The requisite details are enclosed as Annexure A in the intimation.
EPL · price
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The Board of EPL Limited has approved the transfer of 7,94,94,085 equity shares, representing 24.9% of the company's paid-up equity share capital, from Epsilon Bidco Pte. Ltd. to Indorama Netherlands B.V. Following this stake transfer, the Board also approved the appointment of Mr. Aloke Lohia as an Additional Director (Non-Executive, Non-Independent), liable to retire by rotation, subject to shareholder approval. Mr. Aloke Lohia is associated with the Indorama group, indicating that the incoming shareholder is nominating its representative to the EPL board. The appointment was recommended by the Nomination and Remuneration Committee.
This signals a significant change in EPL's major/controlling shareholder landscape, with Indorama Netherlands B.V. replacing Epsilon Bidco as a key stakeholder. Shareholders should watch for any open offer obligations and the strategic direction shift that typically follows such a change in controlling stake.