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Epack Durable Limited ( (IN:EPACK) ) has provided an update.
Epack Durable Limited’s board has approved the establishment of an additional manufacturing facility in Bhiwadi, Rajasthan, to relocate its existing air cooler production lines from the current Bhiwadi plant due to space constraints, including taking new land on lease to house the operations. In a parallel move, the company has initiated legal proceedings against debtor Gangnam Steel Retail Private Limited over alleged wilful non-payment of dues amounting to about Rs 19.6 crore for supplied goods, signaling a firm stance on receivables management and potential implications for working capital and stakeholder confidence.
More about Epack Durable Limited
Epack Durable Limited operates in the durable consumer goods and appliances manufacturing sector, with multiple production facilities across industrial hubs in Uttarakhand, Rajasthan and Andhra Pradesh. The company’s product portfolio includes air coolers, and it focuses on large-scale manufacturing for branded customers in India’s electronics and consumer durables market.
Average Trading Volume: 238,530
Technical Sentiment Signal: Sell
Current Market Cap: 27.71B INR
See more data about EPACK stock on TipRanks’ Stock Analysis page.