EPACK Durable Limited has informed stock exchanges about receiving an assessment order from the Income Tax Department that imposes a demand of ₹29.03 crores for Assessment Year 2023-24. The company disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, after becoming aware of the order through the Income Tax portal on March 23, 2026.

Assessment Order Details

The assessment order was issued under Section 144 read with Section 144B of the Income Tax Act, 1961, by the Assessment Unit of the Income Tax Department. During the assessment proceedings for Assessment Year 2023-24, covering Financial Year 2022-23, the faceless Assessing Officer made certain additions to the company's taxable income.

Financial Implications and Company Response

The assessment order primarily pertains to certain disallowances made by the tax authorities, with no penalties or sanctions imposed pursuant to the communication. The company has clarified that no aberrations or non-compliances were specifically identified by the authority in the communication.

EPACK Durable is taking proactive steps to address the assessment order through proper legal channels. The company plans to file a rectification application before the Jurisdictional Assessing Officer and simultaneously prepare an appeal before the Commissioner of Income Tax (Appeals) within the permissible timeline.

Company's Position

The company has expressed confidence in its position regarding the assessment order. EPACK Durable believes that the demand of ₹29.03 crores is not sustainable and maintains that it has strong grounds to challenge the assessment before the appropriate appellate authority. This stance suggests the company views the additions made by the assessing officer as incorrect or unjustified.

Regulatory Compliance

The disclosure was made in compliance with SEBI regulations, ensuring transparency with stakeholders about material developments that could impact the company's financial position. The company has provided comprehensive details about the assessment order, including the nature of communication, financial implications, and planned course of action to address the matter through established legal remedies.

EPACK Durable Limited has announced the resignation of Ms. Jyoti Verma from her position as Company Secretary and Compliance Officer, effective March 23, 2026. The company disclosed this key management personnel change in compliance with SEBI Listing Regulations.

Resignation Details

Ms. Jyoti Verma submitted her resignation via email on February 24, 2026, citing career growth and the pursuit of other opportunities as her reasons for departure. The resignation will become effective from the close of business hours on March 23, 2026, marking her last working day with the company.

Notice Period Clarification

The company clarified that Ms. Verma's notice period is governed by Clause 10.1 of her Employment Agreement dated February 12, 2025. According to the agreement terms, the applicable notice period corresponds to one month based on her tenure with the company. The notice period commenced on February 24, 2026, and concludes on March 23, 2026.

Initially, Ms. Verma had indicated in her resignation email that she would serve notice until May 25, 2026. However, the company's HR department issued a clarification letter confirming that the actual notice period remains one month as per the employment agreement terms.

Regulatory Compliance

EPACK Durable Limited has fulfilled all disclosure requirements under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company submitted the necessary documentation to both BSE Limited and National Stock Exchange of India Limited, including:

• Copy of the resignation email from Ms. Jyoti Verma
• Company's acceptance letter
• Detailed disclosure format as per SEBI Master Circular

The resignation represents a change in Key Management Personnel, requiring mandatory disclosure to stock exchanges and regulatory authorities. The company has maintained transparency throughout the process, ensuring all stakeholders are informed of this corporate development.