EPACK Durable Limited has issued a comprehensive postal ballot notice dated February 18, 2026, seeking shareholder approval for the re-appointment of five key directors through special resolutions. The company has scheduled remote e-voting from February 26 to March 27, 2026, to facilitate shareholder participation in these crucial governance decisions.

Director Re-appointments Overview

The postal ballot encompasses five special resolutions for director re-appointments, structured as follows:

E-voting Process and Timeline

The company has engaged National Securities Depository Limited (NSDL) to provide the e-voting facility. The voting process details are:

Key Director Profiles

Mr. Bajrang Bothra brings three decades of experience in electronics manufacturing and currently holds 67,70,033 equity shares (7.04% of total shareholding). His re-appointment as Whole Time Director requires special resolution approval as he will attain 70 years during the proposed tenure.

Ms. Priyanka Gulati, an associate of the Institute of Chartered Accountants of India, serves as Chairperson of the Audit Committee and Nomination and Remuneration Committee. She has been recognized with Outstanding Woman Entrepreneur awards and brings 18 years of managerial experience.

Mr. Krishnamachari Narasimhachari possesses four decades of banking sector experience, having served as Managing Director of State Bank of Mysore and Deputy Managing Director at State Bank of India. He currently chairs the Stakeholders' Relationship Committee.

Regulatory Compliance

The postal ballot notice complies with Section 110 of the Companies Act, 2013, and Regulation 30 of SEBI Listing Regulations. All proposed Independent Directors have submitted required declarations confirming their independence criteria and eligibility for re-appointment.

The notice has been sent electronically to members whose email addresses are registered with KFin Technologies Limited or depository participants as on the cut-off date. Results will be communicated to BSE Limited and National Stock Exchange of India Limited upon declaration.

EPACK Durable Limited has submitted its quarterly monitoring agency report for Q3FY26 to BSE and NSE, detailing the utilization of proceeds from its Initial Public Offer (IPO). The report, prepared by ICRA Limited as the appointed monitoring agency, covers the quarter ended December 31, 2025.

IPO Proceeds Utilization Status

The monitoring report reveals the current status of fund deployment from the company's IPO that raised ₹640.05 crore, with net proceeds of ₹379.44 crore available for utilization after accounting for issue-related expenses.

Object-wise Fund Deployment

The report shows progress across three main categories of fund utilization as outlined in the original offer document.

Capital Expenditure for Manufacturing Facilities received the largest allocation of ₹230.00 crore, with ₹146.39 crore utilized to date, leaving ₹83.61 crore pending deployment. This includes funding for manufacturing facilities in Bhiwadi, Rajasthan (₹34.85 crore utilized against ₹53.85 crore allocated), Sri City, Andhra Pradesh (₹101.24 crore utilized against ₹144.73 crore allocated), and equipment purchase for Bhiwadi facility (₹10.31 crore utilized against ₹31.43 crore allocated).

Loan Repayment allocation of ₹80.00 crore has been fully utilized, while General Corporate Purposes allocation of ₹69.44 crore has also been completely deployed.

Shareholder Approval and Fund Reallocation

The company obtained shareholder approval through a postal ballot dated July 10, 2025, for reallocation of funds between different manufacturing facility projects. The monitoring agency noted that ₹61.36 crore was paid to a related party vendor for procurement of materials, which differs from the vendor specifications in the original prospectus but remains within acceptable parameters as outlined in the offer document.

Deployment of Unutilized Funds

The remaining ₹83.61 crore in unutilized proceeds has been strategically deployed in fixed deposits and monitoring accounts to ensure capital preservation while earning returns.

The monitoring agency confirmed no material deviations from the stated objects of the issue and noted that all projects remain on schedule for completion within FY2026 as originally planned.