EPACK Durable logo

EPACK Durable CEO, MD, chairman, board of directors and AGM

NSE: EPACKBSE: 544095Consumer DurablesSmall Cap

Last close ₹154.21down ₹3.65 (2.31%)BSE ₹154.10

Share price at the NSE close on 23 Oct 2026. Previous close ₹157.86.

52-week range of traded prices to 23 Oct 2026
₹150.00Low, 23 Oct 2026₹355.10High, 23 Oct 2025
Market cap
₹1,485 Cr1,096th largest listed
P/E
Lossover the last 12 months
P/B
1.5
Dividend yield
Nonein the last 12 months
ROE
−0.8%
ROCE
3.3%
Debt to equity
0.74
Volume, NSE
3,97,18643.5% delivered

EPACK Durable board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonBajrang BothraRelated to the promoter
  • Managing director and CEOAjay DD Singhania
  • Company Secretary and Compliance OfficerEsha Gupta

9 directors5 independent2 executive2 non-executive

  • Bajrang Bothra · ChairpersonExecutive · joined Apr 2019 · reappointed Jun 2026 · 2 listed boards · 2 committee seats, 1 as chair
  • Ajay DD Singhania · Managing director and CEOExecutive · joined Apr 2019 · 2 listed boards
  • Sanjay SinghaniaNon-executive · joined Jun 2019 · 2 listed boards · 2 committee seats
  • Laxmi Pat BothraNon-executive · joined Sep 2024 · 1 listed board · 1 committee seat
  • Krishnamachari NarasimhachariIndependent · joined Jul 2023 · reappointed Jul 2023 · 35 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • Priyanka GulatiIndependent · joined Jul 2023 · reappointed Jul 2023 · 35 months as independent · 3 listed boards · 3 as independent · 2 committee seats, 2 as chair
  • Sameer BhargavaIndependent · joined Jul 2023 · reappointed Jul 2023 · 35 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Shashank AgarwalIndependent · joined Jul 2023 · reappointed Jul 2023 · 35 months as independent · 2 listed boards · 1 as independent · 2 committee seats
  • Ravi GuptaIndependent · joined Sep 2024 · reappointed Sep 2024 · 21 months as independent · 4 listed boards · 4 as independent · 8 committee seats, 5 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

4 directors who left
  • Narayan Lodha, left 30 Apr 2026: Others
  • Vibhav Niren Parikh, left 22 Apr 2025: Others
  • Kailash Chandra Jain, left 6 Apr 2025: Others
  • Nikhil Mohta, left 6 Feb 2025: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 20 May 20267 of 9 present5 independent · 119 days in between
    • 20 Jan 20268 of 10 present3 independent

  • Audit Committee

    Chair Priyanka Gulati

    Sameer Bhargava, Shashank Agarwal, Sanjay Singhania, Ravi Gupta

    • 20 May 20264 of 5 present4 independent · 119 days in between
    • 20 Jan 20263 of 5 present2 independent

  • Nomination and remuneration committee

    Chair Priyanka Gulati

    Bajrang Bothra, Sameer Bhargava, Ravi Gupta

    • 20 May 20264 of 4 present3 independent · 119 days in between
    • 20 Jan 20263 of 4 present2 independent

  • Stakeholders Relationship Committee

    Chair Krishnamachari Narasimhachari

    Bajrang Bothra, Laxmi Pat Bothra

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Krishnamachari Narasimhachari

    Ajay DD Singhania, Sameer Bhargava, Bajrang Bothra, Mohammad Lateef Choudhary

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair Ajay DD Singhania

    Priyanka Gulati, Laxmi Pat Bothra

    • 20 May 20262 of 3 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • Deloitte Haskin and SellsPeer-review certificate valid to Aug 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

EPACK Durable AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.EPACK Durable share news and announcements

Annual general meeting, 18 Sep 2026

1,34,856 shareholders on the register on 11 Sep 2026; present: 4 promoters and 106 others; votes counted by Shirin Bhatt / Shirin Bhatt & Associates.The company's voting result (opens in a new tab)

  1. Adoption of Financial Statements & Reports
    Ordinary
    99.31% for0.69% against

    Against: promoters 0.00% · institutions 7.21% · other public 0.07%

    Turnout: all 58.44% · promoters 99.99% · institutions 84.47% · other public 13.82%

  2. Re-appointment of Mr. Ajay DD Singhania, Managing Director (DIN: 00107555), as Director liable to retire by rotation
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.08%

    Turnout: all 58.44% · promoters 99.99% · institutions 84.47% · other public 13.82%

  3. Re-appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants, as Statutory Auditors of the Company
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 58.44% · promoters 99.99% · institutions 84.47% · other public 13.82%

  4. Ratification of remuneration to be paid to M/s. Cheena & Associates, Cost Accountants, Cost Auditors of the Company
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.15%

    Turnout: all 58.44% · promoters 99.99% · institutions 84.47% · other public 13.82%

  5. Re-appointment of Mr. Ajay DD Singhania (DIN: 00107555) as Managing Director of the Company
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.08%

    Turnout: all 58.44% · promoters 99.99% · institutions 84.47% · other public 13.82%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 27 Mar 2026, 5 resolutions

1,34,189 shareholders on the register on 20 Feb 2026; votes counted by Shirin Bhatt / M/s Shirin Bhatt and Associates.The company's voting result (opens in a new tab)

  1. Re-appointment of Mr. Bajrang Bothra (DIN: 00129286) as Whole Time Director
    SpecialPromoters have an interest in it
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.48%

    Turnout: all 60.49% · promoters 100.00% · institutions 90.98% · other public 14.45%

  2. Re-appointment of Ms. Priyanka Gulati (DIN: 07087707) as an Independent Director
    Special
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.51%

    Turnout: all 60.49% · promoters 100.00% · institutions 90.98% · other public 14.45%

  3. Re-appointment of Mr. Krishnamachari Narasimhachari (DIN: 07409731) as an Independent Director
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.23%

    Turnout: all 60.82% · promoters 100.00% · institutions 95.43% · other public 14.45%

  4. Reappointment of Mr. Sameer Bhargava (DIN: 07115063) as an Independent Director
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.49%

    Turnout: all 60.82% · promoters 100.00% · institutions 95.43% · other public 14.45%

  5. Reappointment of Mr. Shashank Agarwal (DIN: 00316141) as an Independent Director
    Special
    92.56% for7.44% against

    Against: promoters 0.00% · institutions 66.14% · other public 0.49%

    Turnout: all 60.49% · promoters 100.00% · institutions 90.98% · other public 14.45%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 16 Sep 2025, 7 resolutions

1,34,774 shareholders on the register on 9 Sep 2025; present: 4 promoters and 42 others; votes counted by Shirin Bhatt / Shirin Bhatt & Associates.The company's voting result (opens in a new tab)

  1. TO RECEIVE, CONSIDER AND ADOPT: (A) THE AUDITED STANDALONE FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2025 (B) THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2025 TOGETHER WITH THE REPORTS OF THE BOARD OF DIRECTORS AND AUDITORS THEREONMoreLess
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.10%

    Turnout: all 56.75% · promoters 99.97% · institutions 46.64% · other public 0.54%

  2. RE-APPOINTMENT OF MR. SANJAY SINGHANIA AS DIRECTOR LIABLE TO RETIRE BY ROTATION
    Ordinary
    99.11% for0.89% against

    Against: promoters 0.00% · institutions 5.76% · other public 6.40%

    Turnout: all 56.75% · promoters 99.97% · institutions 46.64% · other public 0.54%

  3. RATIFICATION OF REMUNERATION TO BE PAID TO MESSERS CHEENA AND ASSOCIATES, COST ACCOUNTANTS, COST AUDITORS OF THE COMPANY
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.22%

    Turnout: all 56.75% · promoters 99.97% · institutions 46.64% · other public 0.54%

  4. APPOINTMENT OF MR. NARAYAN LODHA (DIN: 02338333) AS DIRECTOR OF THE COMPANY
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.38%

    Turnout: all 56.75% · promoters 99.97% · institutions 46.64% · other public 0.54%

  5. APPOINTMENT OF MR. NARAYAN LODHA (DIN: 02338333) AS AN EXECUTIVE DIRECTOR THE COMPANY AND FIXING HIS REMUNERATION
    Special
    99.64% for0.36% against

    Against: promoters 0.00% · institutions 2.26% · other public 7.42%

    Turnout: all 56.75% · promoters 99.97% · institutions 46.64% · other public 0.54%

  6. TO CONSIDER AND APPROVE CREATION OF SECURITY ON THE MOVABLE AND IMMOVABLE PROPERTIES OF THE COMPANY, BOTH PRESENT AND FUTURE, IN RESPECT OF BORROWINGS
    Special
    99.64% for0.36% against

    Against: promoters 0.00% · institutions 2.26% · other public 6.30%

    Turnout: all 56.75% · promoters 99.97% · institutions 46.64% · other public 0.54%

  7. TO CONSIDER AND APPROVE APPOINTMENT OF MESSERS SBYN AND ASSOCIATES LLP, COMPANY SECRETARIES AS SECRETARIAL AUDITORS OF THE COMPANY
    OrdinaryPromoters have an interest in it
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 0.64% · other public 6.11%

    Turnout: all 56.75% · promoters 99.97% · institutions 46.64% · other public 0.54%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 9 Aug 2025, 1 resolution

1,38,544 shareholders on the register on 27 Jun 2025; votes counted by Shirin Bhatt / M/S Shirin Bhatt and Associates.The company's voting result (opens in a new tab)

  1. Variation in the objects of the initial public offering of the Company as stated in the prospectus of the Company dated January 24, 2024 (“Prospectus”)
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.15%

    Turnout: all 60.36% · promoters 99.97% · institutions 0.00% · other public 26.81%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 27 Nov 2024, 2 resolutions

The company's voting result (opens in a new tab)

  1. Appointment of Dr. Ravi Gupta (DIN: 00023487) as an Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.48%

    Turnout: all 66.12% · promoters 93.04% · institutions 87.61% · other public 0.73%

  2. Appointment of Mr. Laxmi Pat Bothra (DIN: 00130593) as a Non-Executive Director of the Company
    OrdinaryPromoters have an interest in it
    99.78% for0.22% against

    Against: promoters 0.00% · institutions 0.69% · other public 0.51%

    Turnout: all 66.12% · promoters 93.04% · institutions 87.61% · other public 0.73%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 6 Sep 2024, 9 resolutions

Present: 11 promoters and 94 others.The company's voting result (opens in a new tab)

  1. Adoption of Financial Statements & Reports
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 72.42% · promoters 100.00% · institutions 89.57% · other public 4.33%

  2. Appointment of Mr. Bajrang Bothra as a Director liable to retire by rotation
    OrdinaryPromoters have an interest in it
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 0.34% · other public 0.07%

    Turnout: all 72.30% · promoters 100.00% · institutions 89.10% · other public 4.33%

  3. Ratification of remuneration to be paid to M/s. Cheena & Associates, Cost Accountants, Cost Auditors of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 72.42% · promoters 100.00% · institutions 89.57% · other public 4.33%

  4. Authorisation to advance any loan, give any guarantee or to provide any security under section 185 of the Companies Act, 2013 upto aggregate limit of Rs. 50 Crores
    SpecialPromoters have an interest in it
    98.33% for1.67% against

    Against: promoters 0.00% · institutions 5.23% · other public 0.12%

    Turnout: all 72.30% · promoters 100.00% · institutions 89.10% · other public 4.33%

  5. Ratification of Pre-IPO ‘EPACK Employee Stock Option Scheme 2023’ (“ESOP SCHEME”) as per SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
    Special
    97.77% for2.23% against

    Against: promoters 0.00% · institutions 6.98% · other public 0.07%

    Turnout: all 72.30% · promoters 100.00% · institutions 89.10% · other public 4.33%

  6. Ratification of the extension of benefits under the EPACK Durable Limited – EPACK Employee Stock Option Scheme 2023 (“ESOP SCHEME”) to the employees of Subsidiary Companies and Associate Companies, including Joint venture companies.MoreLess
    Special
    97.77% for2.23% against

    Against: promoters 0.00% · institutions 6.98% · other public 0.08%

    Turnout: all 72.30% · promoters 100.00% · institutions 89.10% · other public 4.33%

  7. Approval of nomination rights available to Promoter shareholders of the Company to appoint Directors on the Board of the Company.
    SpecialPromoters have an interest in it
    98.33% for1.67% against

    Against: promoters 0.00% · institutions 5.23% · other public 0.13%

    Turnout: all 72.30% · promoters 100.00% · institutions 89.10% · other public 4.33%

  8. Approval of nomination right available to Private Equity Investor shareholder of the Company - India Advantage Fund S4 I and Dynamic India Fund S4 US I to appoint Director on the Board of the Company.
    Special
    98.98% for1.02% against

    Against: promoters 0.00% · institutions 3.17% · other public 0.14%

    Turnout: all 72.30% · promoters 100.00% · institutions 89.10% · other public 4.33%

  9. Approval of nomination right available to Private Equity Investor shareholder of the Company Augusta Investments Zero Pte. Ltd. to appoint Director on the Board of the Company.
    Special
    98.98% for1.02% against

    Against: promoters 0.00% · institutions 3.17% · other public 0.13%

    Turnout: all 72.30% · promoters 100.00% · institutions 89.10% · other public 4.33%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 18 Sep 2026, 1 fund house so far (houses' deadline to file 15 Oct 2026)

  • Adoption of Financial Statements & Reports
    1 for0 against
  • Re-appointment of Mr. Ajay DD Singhania, Managing Director (DIN: 00107555), as Director liable to retire by rotation
    1 for0 against
  • Re-appointment of M/s. Deloitte Haskins & Sells, Chartered Accountants, as Statutory Auditors of the Company
    1 for0 against
  • Ratification of remuneration to be paid to M/s. Cheena & Associates, Cost Accountants, Cost Auditors of the Company
    1 for0 against
  • Re-appointment of Mr. Ajay DD Singhania (DIN: 00107555) as Managing Director of the Company
    1 for0 against

Mutual fund votes, meeting of 27 Mar 2026, 4 fund houses

  • Re-appointment of Mr. Bajrang Bothra (DIN: 00129286) as Whole Time Director
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundCompliant with Law. No concern on the merits of the Director. Governance concern: Holds 2 full-time positions. Combined position of Chairman and Executive Director, may lead to concentration of powers in the hands of single person.
    3 for1 against
  • Re-appointment of Ms. Priyanka Gulati (DIN: 07087707) as an Independent Director
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundCompliant with Law. No concern on the merits of the proposed director. Governance concern: Proposed Director is serving as Chairperson of both AC & NRC committees. A common director acting Chairperson of both the Committees may not be in the best interest of Corporate governance since it might lead to concentration of power in the hands of a single individual.
    3 for1 against
  • Re-appointment of Mr. Krishnamachari Narasimhachari (DIN: 07409731) as an Independent Director
    4 for0 against
  • Reappointment of Mr. Sameer Bhargava (DIN: 07115063) as an Independent Director
    4 for0 against
  • Reappointment of Mr. Shashank Agarwal (DIN: 00316141) as an Independent Director
    Against Bandhan Mutual Fund, HDFC Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern identified w.r.t. his profile and Independence of the Director. Governance Concerns: Low attendance in Board meetings and Audit Committee meetings.
    • HDFC Mutual FundShashank Agarwal, 57, is the Managing Director and founder member of Salasar Techno Engineering Limited, a company specializing in galvanised steel structures and delivering infrastructure solutions across power transmission, telecom towers, and railway electrification. He has over thirty years of experience in engineering, operations, manufacturing, and large- scale infrastructure development. He attended two out of five (40%) board meetings held in FY25, and three out of eight (38%) board meetings held in FY26, till the date of the notice. He has attended a total of nine out of twenty-two (41%) board meetings held during FY24 to FY26 since his appointment. Given his low board meeting attendance, we do not support the resolution.
    1 for3 against
4 earlier meetings

Mutual fund votes, meeting of 16 Sep 2025, 4 fund houses

  • TO RECEIVE, CONSIDER AND ADOPT: (A) THE AUDITED STANDALONE FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2025 (B) THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2025 TOGETHER WITH THE REPORTS OF THE BOARD OF DIRECTORS AND AUDITORS THEREONMoreLess
    4 for0 against
  • RE-APPOINTMENT OF MR. SANJAY SINGHANIA AS DIRECTOR LIABLE TO RETIRE BY ROTATION
    Against Bandhan Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern on the merits of director. Governance Concern: Low Attendance in Audit Committee Meetings; No reason(s) for absence has been provided by the Company.
    2 for2 against
  • RATIFICATION OF REMUNERATION TO BE PAID TO MESSERS CHEENA AND ASSOCIATES, COST ACCOUNTANTS, COST AUDITORS OF THE COMPANY
    4 for0 against
  • APPOINTMENT OF MR. NARAYAN LODHA (DIN: 02338333) AS DIRECTOR OF THE COMPANY
    4 for0 against
  • APPOINTMENT OF MR. NARAYAN LODHA (DIN: 02338333) AS AN EXECUTIVE DIRECTOR THE COMPANY AND FIXING HIS REMUNERATION
    Against Bandhan Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern on the merits of the Appointee. Transparency Concern: Lack of clarity w.r.t. the Grant of ESOPs; the Company has not specified the tentative Exercise Price, frequency of Grant(s), limit on Options to be granted per year, etc.
    2 for2 against
  • TO CONSIDER AND APPROVE CREATION OF SECURITY ON THE MOVABLE AND IMMOVABLE PROPERTIES OF THE COMPANY, BOTH PRESENT AND FUTURE, IN RESPECT OF BORROWINGS
    Against Bandhan Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance & Transparency Concern: Blanket Approval being sought; charge is being created for borrowings of the Company, its subsidiaries, associate & joint venture entities as well. Inadequate Justification & Information w.r.t. the borrowings & Target Entities. Lenders under the Resolution can be any entity, and not just Banks or Registered Financial Institutions.
    2 for2 against
  • TO CONSIDER AND APPROVE APPOINTMENT OF MESSERS SBYN AND ASSOCIATES LLP, COMPANY SECRETARIES AS SECRETARIAL AUDITORS OF THE COMPANY
    Against Bandhan Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Motilal Oswal Mutual FundCompliant with law. No concern on the merits of proposed Auditors. Transparency Concern: The Company has not disclosed the audit fee paid to outgoing Auditor to ascertain any material change in the proposed audit fee and justification for material change, if any.
    2 for2 against

Mutual fund votes, meeting of 9 Aug 2025, 2 fund houses

  • Variation in the objects of the initial public offering of the Company as stated in the prospectus of the Company dated January 24, 2024 (“Prospectus”)
    Against Motilal Oswal Mutual Fund
    • Motilal Oswal Mutual FundCompliant with law. Transparency Concern: Inadequate justification for revised fund allocation.
    1 for1 against

Mutual fund votes, meeting of 27 Nov 2024, 1 fund house

  • Appointment of Dr. Ravi Gupta (DIN: 00023487) as an Independent Director of the Company
    1 for0 against
  • Appointment of Mr. Laxmi Pat Bothra (DIN: 00130593) as a Non-Executive Director of the Company
    1 for0 against

Mutual fund votes, meeting of 6 Sep 2024, 1 fund house

  • Adoption of Financial Statements & Reports
    1 for0 against
  • Appointment of Mr. Bajrang Bothra as a Director liable to retire by rotation
    1 for0 against
  • Ratification of remuneration to be paid to M/s. Cheena & Associates, Cost Accountants, Cost Auditors of the Company
    1 for0 against
  • Authorisation to advance any loan, give any guarantee or to provide any security under section 185 of the Companies Act, 2013 upto aggregate limit of Rs. 50 Crores
    Against HDFC Mutual Fund
    • HDFC Mutual FundAs the resolution is open ended there could be a possibility that the support could be extended to other companies directly/indirectly controlled by the promoters
    0 for1 against
  • Ratification of Pre-IPO ‘EPACK Employee Stock Option Scheme 2023’ (“ESOP SCHEME”) as per SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
    Against HDFC Mutual Fund
    • HDFC Mutual FundESOPs/RSUs are granted at a significant discount to market price
    0 for1 against
  • Ratification of the extension of benefits under the EPACK Durable Limited – EPACK Employee Stock Option Scheme 2023 (“ESOP SCHEME”) to the employees of Subsidiary Companies and Associate Companies, including Joint venture companies.MoreLess
    Against HDFC Mutual Fund
    • HDFC Mutual FundESOPs/RSUs are granted at a significant discount to market price
    0 for1 against
  • Approval of nomination rights available to Promoter shareholders of the Company to appoint Directors on the Board of the Company.
    Against HDFC Mutual Fund
    • HDFC Mutual FundThe minimum shareholding threshold required for appointing themselves as a director is low.
    0 for1 against
  • Approval of nomination right available to Private Equity Investor shareholder of the Company - India Advantage Fund S4 I and Dynamic India Fund S4 US I to appoint Director on the Board of the Company.
    Against HDFC Mutual Fund
    • HDFC Mutual FundThe minimum shareholding threshold required for appointing themselves as a director is low.
    0 for1 against
  • Approval of nomination right available to Private Equity Investor shareholder of the Company Augusta Investments Zero Pte. Ltd. to appoint Director on the Board of the Company.
    Against HDFC Mutual Fund
    • HDFC Mutual FundThe minimum shareholding threshold required for appointing themselves as a director is low.
    0 for1 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Tax disputePrincipal Commissioner of Customs, Noida Customs CommissionerateSince 7 Mar 2025
    The Delhi High Court, vide its order dated April 28, 2026, disposed of the writ petition and upheld the validity of the SCN. Aggrieved by this decision, the Company preferred a Special Leave Petition (SLP) before the Supreme Court of India, which was filed on May 21, 2026, under Diary No. 32023/2026. The matter is currently pending for hearing before the apex court.MoreLess
    At the filing before: A Show Cause Notice (SCN) dated March 05, 2025 was issued by the Principal Commissioner of Customs, Noida, requiring the Company to explain the correctness of the forms submitted in support of preferential duty benefits availed on certain imports of raw materials from the ASEAN region. The Authority challenged the eligibility of the said products to claim such duty benefit. Aggrieved by the same, the Company, along with other similarly placed importers, has filed a Writ Petition before the Hon'ble High Court of Delhi, being W.P.(C) 19112/2025, challenging the said action of the Authority.MoreLess
  • Tax disputeAdditional Commissioner (Departmental), State Tax, Jurisdiction UttarakhandSince 30 Aug 2025
    Company has received summons on July 15, 2026 for hearing on July 23, 2026.
    At the filing before: A search operation was conducted at the Company's premises on apprehension of contravention of the provisions of the GST Act, and of maintaining accounts/goods in a manner likely to cause evasion of tax. The search has since been completed, and the matter is presently pending before the Jurisdictional Office of GST, with the Company awaiting the next date of hearing.MoreLess
  • Tax disputeCIT (A) Income Tax AuthoritySince 31 Mar 2026
    Income tax demand has been reduced to Rs. 5,99,71,448/- through rectification oder issued by Jurisdictional officer under Section 154 dated June 15, 2026. The Company has, as per law, paid Rs.1,20,00,000/- dated July 07, 2026 as pre-deposit @20% for stay on demand and filed stay petition as on July 09, 2026MoreLess
    At the filing before: As per the disclosure submitted by the Company to the Stock Exchanges dated March 23, 2026, a demand of Rs. 29.03 Crores is imposed on the Company. The Company has filed appeal before CIT (A) of Income Tax Department as on March 31, 2026MoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Mar 2026. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Public IssuesJan 2024378.46––No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.