EPL Limited has announced the successful issuance and allotment of Commercial Papers worth Rs. 50 Crore on March 2, 2026. The company informed the stock exchanges about this development in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Commercial Paper Details

The Commercial Papers carry specific financial parameters designed to attract institutional investors. The securities offer a discount rate of 7.265% per annum and a yield rate of 7.40% per annum, providing competitive returns in the current market environment.

Listing and Regulatory Compliance

EPL Limited is currently in the process of listing the Commercial Papers on the National Stock Exchange of India Limited. This step will provide liquidity options for investors and ensure broader market accessibility for the securities.

The company has clarified that while this intimation is being submitted under the provisions of Regulation 30 of the SEBI LODR Regulations, the allotment is not considered material in nature to the company. This indicates that the Commercial Paper issuance falls within the company's regular financing activities and does not represent a significant change in its capital structure.

Market Implications

The three-month tenure of these Commercial Papers, maturing on June 1, 2026, positions them as short-term financing instruments. The competitive yield rate of 7.40% per annum reflects current market conditions and EPL's credit profile in the Commercial Paper market.

The information regarding this Commercial Paper issuance has been made available on the company's official website at eplglobal.com, ensuring transparency and accessibility for all stakeholders and potential investors.

EPL Limited has announced a postal ballot seeking shareholder approval for significant board appointments, with voting scheduled through remote e-voting from February 25, 2026 to March 26, 2026.

Key Director Appointments

The company is seeking approval for three special business items through ordinary and special resolutions:

Remote E-Voting Schedule

The postal ballot will be conducted exclusively through electronic voting, with no physical ballot forms being distributed to shareholders.

Leadership Transition Details

Anand Kripalu's New Role: Following his retirement as Managing Director & Global CEO on December 31, 2025, Mr. Kripalu will serve as Executive Director in an advisory capacity until March 31, 2026. The proposed appointment as Non-Executive Director reflects the board's recognition of his significant contributions during his tenure as Managing Director & Global CEO.

Hemant Bakshi's Appointment: Mr. Bakshi, who has been serving as Chief Executive Officer - Designate since October 13, 2025, will assume the role of Managing Director & Global CEO. His appointment includes comprehensive remuneration terms:

Professional Backgrounds

Mr. Anand Kripalu brings over 30 years of FMCG industry experience, having previously served as MD & CEO of Diageo India and held senior positions at Mondelez International and Unilever. He holds an MBA from IIM Calcutta and a Bachelor of Technology in Electronics from IIT Madras.

Mr. Hemant Bakshi possesses over 30 years of FMCG experience, including three decades at Unilever in senior leadership roles across India and Indonesia. He served as CEO of Unilever Indonesia and founded GroNext Technologies, a B2B marketplace venture. He holds a Bachelor of Technology in Chemical Engineering from IIT Mumbai and an MBA from IIM Ahmedabad.

Voting Process and Compliance

The postal ballot notice has been sent electronically to shareholders whose email IDs are registered with the company or depositories as of the cut-off date. Mr. Dilip Bharadiya and Ms. Shivangini Gohel of M/s. Dilip Bharadiya & Associates have been appointed as scrutinizers for the voting process.

Shareholders can access the complete notice on the company's website at www.eplglobal.com and the stock exchanges' websites. The results will be declared within two working days of the voting conclusion and communicated to stock exchanges and depositories.