The Senior Intelligence Officer and Inspectors of Special Intelligence and Investigation Branch (SIIB), Office of the Commissioner of Customs (Preventive), Jaipur, initiated a search on 2 December 2024 at 1:00 P.M. at Bhiwadi unit and concluded their visit on the same day at 7:00 P.M. 'During this period, the company extended full cooperation to SIIB officials by providing necessary assistance and documentation as requested. Following a thorough examination of the manufacturing plant, the SIIB officials concluded their visit without seizing any documents or items,' EPACK Durable stated. The firm further added that this has not impacted the normal operations of the company, and the authority has not notified of any financial implication/impact (monetary or otherwise). EPACK Durable is an original design manufacturer (ODM) of room air conditioners (RAC). The company also manufactures components such as sheet metal parts, injection-molded parts, cross-flow fans, and PCBA components that are actively used in the production of RACs. Shares of Epack Duable debuted on the stock market on 30 January 2024. The scrip was listed at Rs 225, exhibiting a discount of 2.17% to the issue price of 230. The company's consolidated net loss increased to Rs 8.49 crore in Q2 FY25 from a net loss of Rs 6.08 crore in Q2 FY24. Revenue from operations surged 111.73% YoY to Rs 377.10 crore in the September 2024 quarter. Powered by Capital Market - Live

Revenue from operations surged 111.73% YoY to Rs 377.10 crore in September 2024 quarter, supported by strong industry demand, extended summer season, as well as addition of new customers. The company reported pre-tax loss of Rs 11.69 crore in Q2 FY25 as compared with pre- tax loss of Rs 8.26 crore in Q2 FY24. Total expenses spiked 110.3% to Rs 392.84 crore in Q2 FY25 as compared with Rs 186.79 crore posted in corresponding quarter last year. Cost of material consumed stood at Rs 309.04 crore (up 102.09% YoY), employee benefit expenses was at Rs 16.77 crore (up 61.33% YoY), finance cost stood at Rs 13.75 crore (up 69.91% YoY). EBITDA stood at Rs 9.6 crore in second quarter of FY25, registering a growth of 25% YoY due to higher sales. EBITDA margin reduced 177 bps YoY to 2.55% during the period under review. The company said that its product business contributed to 98% of the total revenues. The revenue from room air conditioners contributed to 70% of the total product revenue, and grew by 187% on YoY basis. Ajay DD Singhania - MD & CEO, said, 'EPACK Durable's strategic focus on a diversified customer base and expanded production capabilities demonstrates its commitment to capturing new business opportunities in the RAC and Small Home Appliances markets. Full backward integration further strengthens its competitive advantage, allowing the company to produce critical components in-house, thereby improving cost efficiency and quality control. With a nationwide presence, EPACK Durable is well-positioned to meet customer needs promptly across India, enhancing both operational flexibility and market reach. This proactive approach supports the company's vision for growth and adaptability in an evolving market landscape.' EPACK Durable is an original design manufacturer (ODM) of room air conditioners (RAC). The company also manufactures components such as sheet metal parts, injection moulded parts, cross-flow fans, and PCBA components that are actively used in the production of RACs. Shares of Epack Duable debuted on stock market on 30 January 2024. The scrip was listed at Rs 225, exhibiting a discount of 2.17% to the issue price 230. Powered by Capital Market - Live

Net Loss of Epack Durable reported to Rs 8.49 crore in the quarter ended September 2024 as against net loss of Rs 6.08 crore during the previous quarter ended September 2023. Sales rose 111.73% to Rs 377.10 crore in the quarter ended September 2024 as against Rs 178.10 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales377.10178.10 112 OPM %2.364.17 - PBDT-0.100.06 PL PBT-11.70-8.26 -42 NP-8.49-6.08 -40 Powered by Capital Market - Live

Epack Durable will hold a meeting of the Board of Directors of the Company on 12 November 2024Powered by Capital Market - Live

Hisense has contracted EPACK Durable to setup advanced dedicated manufacturing facility in India to produce Hisense range of air conditioners and home appliances using Hisense's proprietary technology & designs. Through this agreement, EPACK Durable will invest in advanced and dedicated production lines for manufacturing air conditioners & home appliances including washing machines, refrigerators and other small domestic appliances. The company will immediately invest, firstly, in a new manufacturing facility in Sricity (Andhra Pradesh) with a capacity of 1.0 million RACs by Financial Year 27-28, with initial production set to begin in June 2025. The products manufactured at EPACK Durable's facilities will not only serve the Indian market but Hisense will also explore opportunities to export these products to key international strategic markets. This initiative is set to strengthen the positions of both Hisense and EPACK in the global home appliances and air conditioners market. This strategic cooperation agreement with Hisense is likely to garner additional revenue of approximately $1 billion over the next 5 years for EPACK Durable and its subsidiary. Ajay DD Singhania, managing director & CEO of EPACK Durable: 'This collaboration with Hisense opens new opportunities for growth in both domestic and international markets. With our combined strengths, we are poised to redefine excellence in the home appliance industry.' Laxmi Pat Bothra, director of EPACK Durable: 'Our agreement with Hisense is a significant milestone. By leveraging advanced technologies and innovative designs, we aim to deliver exceptional value to our customers and set new benchmarks in quality and efficiency within the home appliance sector.' EPACK Durable is an original design manufacturer (ODM) of room air conditioners (RAC). The company also manufactures components such as sheet metal parts, injection moulded parts, cross-flow fans, and PCBA components that are actively used in the production of RACs. The company's consolidated net profit surged 168.2% to Rs 23.41 crore in Q1 FY25 as compared with Rs 8.73 crore in Q1 FY24. Net sales jumped 77.2% YoY to Rs 773.68 crore during the quarter. The scrip declined 3.59% to settle at Rs 388.20 on Monday, 21 October 2024.Powered by Capital Market - Live

Epack Durable has allotted 1,69,038 equity shares under ESOP on 23 August 2024. With this allotment, the paid up equity share capital has increased to Rs. 95,96,77,290 comprising of 9,59,67,729 equity shares of Rs. 10/- each. Powered by Capital Market - Live

Epack Durable announced that the Annual General Meeting (AGM) of the company will be held on 6 September 2024.Powered by Capital Market - Live

Net profit of Epack Durable rose 168.16% to Rs 23.41 crore in the quarter ended June 2024 as against Rs 8.73 crore during the previous quarter ended June 2023. Sales rose 77.17% to Rs 773.68 crore in the quarter ended June 2024 as against Rs 436.70 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales773.68436.70 77 OPM %6.666.64 - PBDT43.6319.98 118 PBT32.3112.23 164 NP23.418.73 168 Powered by Capital Market - Live

Epack Durable will hold a meeting of the Board of Directors of the Company on 24 July 2024.Powered by Capital Market - Live