Epack Durable accepts HR AVP Sumedh Singh's resignation

1 min read     Updated on 16 Jun 2026, 03:37 AM
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AI Summary

Epack Durable Limited accepted the resignation of Mr. Sumedh Singh, Assistant Vice President – Human Resource, effective June 15, 2026, due to unavoidable personal circumstances. The resignation was communicated via email on May 11, 2026, and Singh will serve his notice period until June 15, 2026. The disclosure was made to the exchanges under Regulation 30 of the SEBI Listing Regulations.

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Epack Durable Limited has accepted the resignation of Mr. Sumedh Singh from the position of Assistant Vice President – Human Resource, effective June 15, 2026. Singh, who served as the HR Head and was designated as Senior Management Personnel, stepped down due to unavoidable personal circumstances. The company informed the stock exchanges of this development in a filing submitted on June 15, 2026.

The resignation was communicated to the Board of Directors via a formal email dated May 11, 2026, wherein Singh expressed his intention to serve his notice period until the close of business hours on June 15, 2026. He committed to ensuring a smooth handover of responsibilities and supporting the HR team during the transition period. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III and relevant SEBI circulars.

Key Details of Resignation

The following table outlines the specific details regarding the change in senior management personnel as disclosed to the exchanges:

S. No. Details of Events Information
1. Reason for change Mr. Sumedh Singh tendered his resignation due to unavoidable personal circumstances.
2. Date of cessation Effective from close of business hours on June 15, 2026.
3. Brief Profile NA
4. Disclosure of relationships NA

Esha Gupta, Company Secretary and Compliance Officer of Epack Durable Limited, confirmed that the necessary documents, including a copy of the resignation letter, were enclosed with the regulatory filing. The information has also been uploaded to the company's official website.

Historical Stock Returns for Epack Durable

1 Day5 Days1 Month6 Months1 Year5 Years
-6.98%+2.28%+0.87%-16.43%-29.81%+11.57%

Who will be appointed as the successor to lead the Human Resources department?

What impact will this leadership change have on ongoing HR initiatives and employee retention?

How will the company ensure continuity in HR operations during the transition period?

Epack Durable tax demand reduced to Rs 5.89 Cr for AY 2023-24

1 min read     Updated on 13 Jun 2026, 01:44 AM
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AI Summary

Epack Durable Limited received a rectification order from the Office of the Deputy Commissioner of Income Tax on June 11, 2026, reducing the tax demand for Assessment Year 2023-24 from Rs 29.03 Crores to Rs 5.89 Crores. The order was passed under Section 154/144/144B of the Income Tax Act, 1961, following an application by the company. While the demand is lowered, the company's appeal against the original assessment remains pending before the Commissioner of Income Tax (Appeals).

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Epack Durable Limited has successfully reduced its tax liability for Assessment Year 2023-24 after the Office of the Deputy Commissioner of Income Tax passed a rectification order. The order lowers the tax demand to Rs 5.89 Crores, significantly down from the Rs 29.03 Crores initially raised by the Income Tax Department. This reduction follows a rectification application filed by the company after the original assessment order was received on March 23, 2026.

Rectification Order Details

The Deputy Commissioner of Income Tax issued the rectification order under Section 154/144/144B of the Income Tax Act, 1961. The company received the communication on June 11, 2026. The order addresses the tax demand concerning the financial year 2022-23.

Particulars Details
Name of the listed company Epack Durable Limited
Type of communication Rectification order under Section 154/144/144B of the Income Tax Act, 1961
Date of receipt June 11, 2026
Authority Office of the Deputy Commissioner, Income Tax Department
Period Assessment Year 2023-24 (Financial Year 2022-23)

Financial Implications and Next Steps

Pursuant to the Rectification Order, the tax demand has been reduced to Rs 5.89 Crores. Despite this reduction, epack durable had previously filed an appeal before the Commissioner of Income Tax (Appeals) against the original demand of Rs 29.03 Crores. This appeal remains pending adjudication, and the company stated it will continue to pursue the matter in accordance with applicable law. No penalties or sanctions were imposed in the communication.

Historical Stock Returns for Epack Durable

1 Day5 Days1 Month6 Months1 Year5 Years
-6.98%+2.28%+0.87%-16.43%-29.81%+11.57%

How will the remaining tax demand of Rs 5.89 Crores impact Epack Durable's cash flow and liquidity position in the upcoming quarters?

What is the likelihood of the Commissioner of Income Tax (Appeals) further reducing the tax demand given the significant cut already achieved through rectification?

Will the company decide to withdraw its pending appeal against the original order, or will it proceed to challenge the remaining Rs 5.89 Crores?

More News on Epack Durable

1 Year Returns:-29.81%