Epack Prefab Technologies Limited has informed stock exchanges about the resignation of Mr. Anoop Kabra, Vice President of Finance Department, who will cease employment with the company from February 26, 2026. The announcement was made through regulatory filings to NSE and BSE on February 26, 2026.

Resignation Details

The resignation follows proper regulatory compliance under SEBI listing obligations. Key details of the cessation are presented below:

Reason for Departure

In his resignation letter dated February 26, 2026, Mr. Kabra stated that the decision was made to pursue opportunities outside the organization that would contribute to his professional growth and development. He explicitly confirmed that there were no other material reasons for his resignation beyond professional advancement.

Transition Process

The departing executive has committed to ensuring a smooth transition of responsibilities. Mr. Kabra expressed gratitude to the Board, management, and colleagues for their support during his tenure with the company. The resignation was discussed with management and accepted, with proper handover procedures being followed.

Regulatory Compliance

The announcement was made in accordance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company provided all required details as mandated by SEBI circular dated January 30, 2026, ensuring full transparency in the disclosure of senior management changes.

The resignation represents a routine senior management change with proper notice and transition arrangements, maintaining continuity in the company's finance operations.

Epack Prefab Technologies Limited has filed its quarterly monitoring agency report for Q3FY26 with stock exchanges, covering the utilization of proceeds from its Rs. 300 crore initial public offering. The report, prepared by CARE Ratings Limited and dated February 11, 2026, provides detailed insights into how the company deployed IPO funds during the quarter ended December 31, 2025.

IPO Proceeds Utilization Overview

During Q3FY26, Epack Prefab Technologies utilized Rs. 102.48 crore from its IPO proceeds across multiple objectives. However, CARE Ratings noted a significant operational issue regarding fund management. The monitoring agency observed that Rs. 11.72 crore was utilized from the company's current account rather than designated IPO proceeds accounts, resulting in fund comingling.

Objective-wise Fund Deployment

The company's IPO proceeds were allocated across five primary objectives, with varying levels of utilization during the quarter:

Manufacturing Expansion Projects: The company made progress on two key manufacturing initiatives. For the expansion of existing manufacturing facility at Mambattu (Unit 4) in Andhra Pradesh, Rs. 23.89 crore was utilized during Q3FY26, with Rs. 14.76 crore from the monitoring account and Rs. 9.13 crore from current account. The original allocation for this project was Rs. 58.17 crore.

Debt Repayment: The company completed the full repayment objective during Q3FY26, utilizing the entire allocated Rs. 70.00 crore for repayment and prepayment of certain borrowings.

Share Issue Expenses: Rs. 8.59 crore was utilized towards share issue expenses from the original allocation of Rs. 14.82 crore. This utilization came from multiple sources: Rs. 2.54 crore from allotment account, Rs. 4.51 crore from monitoring account, and Rs. 1.54 crore from current account.

Investment of Unutilized Proceeds

The company has invested its unutilized IPO proceeds of Rs. 197.52 crore primarily in fixed deposits across multiple banks:

Monitoring Agency Observations

CARE Ratings highlighted that the fund comingling restricted their ability to directly verify and ascertain utilizations, as IPO proceeds were mixed with other cash flows. The monitoring agency relied on management certificates and CA certificates dated February 6, 2026, from Talati And Talati LLP for verification of Q3FY26 utilizations.

The report confirmed no deviation from stated objectives, with the range of deviation marked as not applicable. All utilizations were deemed consistent with disclosures in the offer document, and no material deviations requiring shareholder approval were identified.

Project Timeline Status

Most objectives remain on track with their March 31, 2026 completion timeline. The new manufacturing facility at Ghiloth Industrial Area and the Mambattu expansion project are both ongoing as per schedule. The debt repayment objective has been completed, while general corporate purposes and share issue expenses continue as planned with no reported delays.