EPACK Durable Limited Receives GST Demand Order of ₹41.40 Lakhs Against Former Subsidiary

EPACK Durable Limited has informed stock exchanges about a GST demand order of ₹41.40 lakhs issued against its former subsidiary, EPACK Components Private Limited (ECPL). The company disclosed this development under Regulation 30 of SEBI Listing Regulations on April 04, 2026.

GST Demand Order Details

The Assistant Commissioner, Central Goods & Service Tax Division, Dehradun, Uttarakhand, issued the demand order under Section 74(9) of the Central Goods & Services Tax Act, 2017 and corresponding provisions of the State Goods & Services Tax Act, 2017. The order targets ECPL, which was a wholly owned subsidiary of EPACK Durable Limited before being merged with the parent company on April 01, 2022.

Parameter:	Details
Issuing Authority:	Assistant Commissioner, Central GST Division, Dehradun
Target Entity:	EPACK Components Private Limited (merged subsidiary)
Order Type:	Demand order under Section 74(9) of CGST Act, 2017
Discovery Date:	April 04, 2026 (via GST Portal)
Merger Date:	April 01, 2022

Financial Impact and Allegations

The GST demand order carries significant financial implications for the company. The total demand of ₹41.40 lakhs comprises equal portions of tax liability and penalty charges.

Component:	Amount
GST Amount:	₹20.70 Lakhs
Penalty Amount:	₹20.70 Lakhs
Total Demand:	₹41.40 Lakhs

The violation alleged by the tax authorities centers on the non-payment of GST on corporate guarantee provided by the erstwhile ECPL to EPACK Durable Limited. This relates to transactions that occurred before the subsidiary's merger with the parent company.

Company's Response Strategy

EPACK Durable Limited has outlined its approach to address the GST demand order. The company plans to challenge the assessment through proper legal channels and expressed confidence in its position.

Key aspects of the company's response include:

Filing an appropriate appeal before the competent authority within prescribed timelines
Management's belief that the matter is legally tenable
Expectation of no material adverse impact on the company's financial position
Commitment to follow due legal processes in contesting the demand

The disclosure was made in compliance with SEBI regulations, demonstrating the company's adherence to transparency requirements for listed entities. The matter involves historical transactions from the subsidiary that has since been integrated into the parent company's operations.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+8.48%	+21.06%	+0.59%	-28.70%	-31.26%	+13.73%

EPACK Durable Limited has announced the successful completion of its postal ballot process, with shareholders approving all five proposed resolutions through remote e-voting. The voting process was conducted from February 26, 2026 to March 27, 2026, with results declared on March 30, 2026.

Board Reappointments Approved

Shareholders approved the reappointment of five key board members through special resolutions:

Resolution No.:	Position	Director Name	DIN	Status
1	Whole Time Director	Mr. Bajrang Bothra	00129286	Approved
2	Independent Director	Ms. Priyanka Gulati	07087707	Approved
3	Independent Director	Mr. Krishnamachari Narasimhachari	07409731	Approved
4	Independent Director	Mr. Sameer Bhargava	07115063	Approved
5	Independent Director	Mr. Shashank Agarwal	00316141	Approved

Voting Participation and Results

The postal ballot witnessed significant participation from shareholders across all categories. With total outstanding shares of 9,62,28,477, the voting participation varied across different resolutions:

Resolution:	Total Votes Polled	Participation %	Votes in Favour	Votes Against	Approval %
Resolution 1	5,82,12,886	60.49%	5,81,82,386	30,500	99.95%
Resolution 2	5,82,13,167	60.49%	5,81,80,806	32,361	99.94%
Resolution 3	5,85,30,635	60.82%	5,85,15,904	14,731	99.97%
Resolution 4	5,85,30,635	60.82%	5,84,99,869	30,766	99.95%
Resolution 5	5,82,12,954	60.49%	5,38,83,946	43,29,008	92.56%

Scrutinizer Oversight and Process

Shirin Bhatt, Practicing Company Secretary (Membership No. F8273), served as the appointed scrutinizer for the postal ballot process. The scrutinizer was appointed by the Board of Directors through a resolution dated January 20, 2026. The voting rights were determined based on the cut-off date of February 20, 2026.

National Securities Depository Limited (NSDL) provided the remote e-voting platform, with the voting process conducted entirely through electronic means. The votes were unblocked in the presence of two independent witnesses: Ms. Priyanka Sisodia and Ms. Shikha Bishnoi.

Regulatory Compliance

The company has fulfilled its obligations under Regulation 30 and 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The scrutinizer report and voting results have been submitted to both BSE Limited and National Stock Exchange of India Limited. Additionally, these documents are available on the company's website at www.epackdurable.com and NSDL's e-voting portal at www.evoting.nsdl.com .

Shareholder Category Performance

Promoter and promoter group shareholders showed unanimous support across all resolutions, with 99.9996% participation and 100% approval for the first four resolutions. Public institutional investors demonstrated strong participation rates ranging from 90.98% to 95.43% across different resolutions. Public non-institutional shareholders maintained consistent participation at approximately 14.45% across all resolutions, with approval rates exceeding 99% for most resolutions except Resolution 5, which received 99.51% approval.