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.

EPL Limited has announced the allotment of 13,942 equity shares under its Employee Stock Option Scheme 2020 (ESOS 2020) on February 18, 2026. The allotment follows the exercise of stock options by grantees under the company's employee stock option program.

Share Allotment Details

The Security Committee of the Board of Directors approved the allotment of equity shares with specific parameters:

The newly allotted equity shares rank pari passu with the existing fully paid-up equity shares of the company, ensuring equal rights and privileges for all shareholders.

Impact on Share Capital

The allotment has resulted in an increase in the company's paid-up equity share capital structure:

The increase represents the addition of 13,942 equity shares to the company's existing share base, with the total share count rising to 32,02,47,843 shares.

Regulatory Compliance

EPL Limited has submitted this intimation in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has specifically clarified that while the disclosure is being made under regulatory requirements, the allotment is not considered material in nature to the company.

The information regarding this allotment has been made available on the company's official website at eplglobal.com for stakeholder reference and transparency.