EPL Limited has successfully fulfilled its payment obligations by fully redeeming Commercial Papers worth Rs. 45 Crore on March 2, 2026. The company informed both BSE and National Stock Exchange of India Limited about the completion of this redemption process in compliance with SEBI Master Circular requirements.

Commercial Paper Redemption Details

The company has completed the redemption of Commercial Papers that were originally issued and allotted on December 3, 2025, with a maturity date of March 2, 2026. The redemption was executed as per the scheduled timeline, demonstrating the company's commitment to meeting its financial obligations.

Regulatory Compliance Framework

The redemption process was conducted in accordance with Chapter XVII of the SEBI Master Circular bearing reference number SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025. EPL Limited had previously intimated the stock exchanges on February 20, 2026, regarding the record date for the purpose of maturity of these Commercial Papers.

Corporate Communication

The certificate confirming the fulfillment of payment obligations was signed by Onkar Ghangurde, Head - Legal, Company Secretary & Compliance Officer, with ICSI Membership No. A30636. The digital signature was applied on March 2, 2026, at 16:48:25, ensuring proper documentation and regulatory compliance.

Market Significance

The timely redemption of Commercial Papers worth Rs. 45 Crore reinforces EPL Limited's financial discipline and creditworthiness in the short-term debt market. This successful completion of payment obligations on the scheduled maturity date reflects the company's robust cash flow management and commitment to honoring its financial commitments to 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.