EPACK Durable Limited has announced receiving a sanction letter for Rs 37.50 crores under the Production Linked Incentive (PLI) Scheme for White Goods for the Financial Year 2024-25. The company disclosed this development to stock exchanges in compliance with regulatory requirements.

PLI Scheme Sanction Details

The company received its third sanction letter dated March 30, 2026, from IFCI Limited, a Government of India undertaking, in relation to the Production Linked Incentive Scheme for White Goods. The approved incentive amount stands at Rs 37,50,00,000 (Rupees Thirty Seven Crores Fifty Lakhs only).

Expected Business Impact

The PLI incentive is strategically linked to EPACK Durable's incremental sales and investments under the scheme framework. The company expects this substantial incentive to deliver multiple operational benefits:

• Profitability Enhancement: The Rs 37.50 crores incentive is expected to contribute positively to the company's overall profitability
• Cash Flow Improvement: Enhanced cash flow position to support business operations
• Expansion Support: Financial backing for further business expansion initiatives
• Operational Efficiency: Resources to improve operational efficiencies across manufacturing processes

Regulatory Compliance

EPACK Durable Limited disclosed this information pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has committed to posting a copy of the sanction letter on its official website at www.epackdurable.com for stakeholder access.

The disclosure was signed by Rajesh Kumar Mittal, Chief Financial Officer of EPACK Durable Limited, and communicated to both BSE Limited and National Stock Exchange of India Limited on March 30, 2026.

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.