EPL Limited has fulfilled its payment obligation by fully redeeming commercial papers aggregating to Rs 50 crore on June 1, 2026. The company confirmed that the redemption was completed on the maturity date, ensuring all liabilities associated with the instrument were settled.

The commercial papers were issued and allotted on March 2, 2026, with a maturity date set for June 1, 2026. The record date for the maturity was established as May 29, 2026. The payment was processed in accordance with the provisions of Chapter XVII of the Master Circular issued by the Securities and Exchange Board of India.

The following table outlines the specific details of the redemption:

The intimation regarding the record date was previously submitted to the exchanges on May 22, 2026. The company has now provided the certificate confirming the fulfilment of these obligations to BSE Limited and the National Stock Exchange of India Limited for their records.

EPL Limited has secured approval from the Competition Commission of India (CCI) to merge Indovida India Private Limited with itself, marking a key step in the consolidation process. The approval, conveyed via a letter dated May 26, 2026, sanctions the Scheme of Amalgamation under Section 31(1) of the Competition Act, 2002. This regulatory clearance is essential for the merger, which aims to absorb Indovida India and its shareholders into EPL Limited on a going concern basis.

The Board of Directors of EPL Limited had initially approved the scheme on March 29, 2026, subject to necessary statutory and regulatory approvals. The filing was made under Regulation 30 of the SEBI LODR Regulations. The combination involves Indovida India Private Limited, EPL Limited, and Indorama Netherlands B.V., with the original notice submitted to the CCI on April 1, 2026.

Regulatory Approval Details

The CCI’s approval addresses the proposed combination under Sections 230 to 232 of the Companies Act, 2013. While the commission has conveyed its consent, the detailed formal order is yet to be issued. The scheme remains subject to other applicable provisions and rules framed under the Companies Act.

Key Parties Involved

The intimation to the stock exchanges was made by Onkar Ghangurde, Head - Legal, Company Secretary & Compliance Officer of EPL Limited. The company confirmed that the requisite details regarding the approval are enclosed in the filing. The merger will proceed as the company awaits the final order from the competition regulator.