EPL Issues ₹55 Crore Commercial Paper, Expands Short-Term Funding

1 min read     Updated on 05 Sept 2025, 05:13 PM
scanx
Reviewed by
Shriram ShekharScanX News Team
whatsapptwittershare
Overview

EPL Limited has announced the issuance and allotment of commercial paper worth ₹55 crore. The commercial paper, with ISIN INE255A14676, consists of 1,100 units with a face value of ₹5,00,000 each. It has been issued on September 4, 2025, with a maturity date of December 3, 2025. The discount rate is 6.40% p.a., and the yield rate is 6.50% p.a. EPL is in the process of listing the commercial paper on the National Stock Exchange of India Limited.

18618205

*this image is generated using AI for illustrative purposes only.

EPL Limited (formerly known as Essel Propack Limited), a leading global specialty packaging company, has announced the issuance and allotment of commercial paper worth ₹55 crore. This move signifies the company's efforts to optimize its short-term funding strategy and manage its working capital efficiently.

Commercial Paper Details

The company disclosed the following details about the commercial paper issuance:

Particulars Details
ISIN INE255A14676
Issue Size ₹55.00 Crore
Number of Units 1,100
Face Value (Per Unit) ₹5,00,000
Issue and Allotment Date September 4, 2025
Maturity Date December 3, 2025
Discount Rate 6.40% p.a.
Yield Rate 6.50% p.a.

Key Highlights

  • The commercial paper has been issued with a three-month tenure, maturing on December 3, 2025.
  • EPL is in the process of listing the commercial paper on the National Stock Exchange of India Limited.
  • The company clarified that while this information is being disclosed as per regulatory requirements, the allotment is not considered material to the company's operations.

Regulatory Compliance

EPL made this announcement in compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The information has been made available on the company's official website.

This issuance of commercial paper demonstrates EPL's active management of its financial resources and its ability to access short-term funding at competitive rates. It also reflects the company's strategy to maintain financial flexibility in its operations.

Investors and stakeholders can find more information about this issuance on EPL's website at https://www.eplglobal.com/ .

Historical Stock Returns for EPL

1 Day5 Days1 Month6 Months1 Year5 Years
-0.46%+1.94%+4.51%+18.24%-10.83%-15.71%

EPL Limited Shareholders Overwhelmingly Approve Aloke Lohia's Appointment as Non-Executive Director

1 min read     Updated on 18 Aug 2025, 08:33 PM
scanx
Reviewed by
Ashish ThakurScanX News Team
whatsapptwittershare
Overview

EPL Limited's shareholders have approved the appointment of Mr. Aloke Lohia as a Non-Executive, Non-Independent Director with 99.71% votes in favor. The decision was made through a postal ballot via remote e-voting, which concluded on August 17, 2025. Mr. Lohia's appointment is effective from May 27, 2025, and he will be liable to retire by rotation. The voting process saw a 79.23% participation rate out of the total 31.97 crore shares.

17075040

*this image is generated using AI for illustrative purposes only.

EPL Limited , a leading global specialty packaging company, has announced that its shareholders have approved the appointment of Mr. Aloke Lohia as a Non-Executive, Non-Independent Director with an overwhelming majority. The decision was made through a postal ballot conducted via remote e-voting, which concluded on August 17, 2025.

Voting Results

The resolution to appoint Mr. Lohia received strong support across all shareholder categories:

Category Votes in Favor Votes Against % in Favor
Promoter and Promoter Group 8,44,79,781 0 100.00
Public - Institutions 7,01,83,789 7,07,612 99.00
Public - Non Institutions 9,79,70,402 23,514 99.98
Total 25,26,33,972 7,31,126 99.71

The voting process saw a significant participation rate, with 79.23% of the total 31.97 crore shares taking part in the ballot. Out of the 25.33 crore votes cast, an overwhelming 99.71% were in favor of Mr. Lohia's appointment.

Appointment Details

Mr. Aloke Lohia, holding Director Identification Number 11107239, will serve as a Non-Executive, Non-Independent Director of EPL Limited. His appointment is effective from May 27, 2025, and he will be liable to retire by rotation.

Voting Process

The remote e-voting period commenced on July 19, 2025, at 9:00 AM and concluded on August 17, 2025, at 5:00 PM. The process was conducted in compliance with the Companies Act, 2013, and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Mehul Pitroda, Proprietor of M S Pitroda & Co., Practicing Company Secretary, served as the scrutinizer for the voting process, ensuring its fairness and transparency.

Company Statement

Onkar Ghangurde, Head - Legal, Company Secretary & Compliance Officer of EPL Limited, confirmed the voting results in a statement to the stock exchanges. He noted that the resolution was passed with the requisite majority and that the detailed voting results and scrutinizer's report would be available on the company's website.

This appointment of Mr. Aloke Lohia as a Non-Executive Director is expected to bring valuable expertise to EPL Limited's board, potentially contributing to the company's strategic direction and growth in the specialty packaging sector.

Historical Stock Returns for EPL

1 Day5 Days1 Month6 Months1 Year5 Years
-0.46%+1.94%+4.51%+18.24%-10.83%-15.71%
More News on EPL
Explore Other Articles
229.23
-1.05
(-0.46%)