On May 1, 2025, EPL Limited announced the completion of the acquisition of a majority stake in EPL Packaging (Thailand) Co. Ltd. (EPTL), marking a significant step in the company's global expansion strategy. In accordance with the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the SEBI circular dated November 11, 2024, EPL Limited has successfully acquired 19,800 shares of EPTL, representing 99% of the paid-up capital of the company, at a payment of 19,80,000 Thai Baht (approximately Rs. 4.9 million).

This acquisition follows the Board of Directors' approval granted on December 19, 2024, to incorporate a subsidiary in Thailand, a move aimed at furthering EPL Limited’s strategic goals in the laminated tube manufacturing sector. EPTL was incorporated in February 2025, and the company is set to operate within the Thai market, focusing on the production and trading of laminated tubes. The acquisition of a 99% stake by EPL Limited underscores its commitment to growing its presence in Southeast Asia, aligning with the company’s vision to explore new growth opportunities.

The acquisition does not fall under the category of related party transactions, though it is important to note that EPTL will become a related party to EPL Limited upon the completion of the transaction. The promoter group of EPL Limited has no direct interest in EPTL, apart from the shares held by EPL itself.

Lamitube Technologies Ltd., a wholly-owned subsidiary of EPL Limited, is also involved in the acquisition process and is expected to acquire the remaining 200 shares of EPTL, thereby making EPTL a wholly-owned subsidiary of EPL Limited. The total cost of the acquisition for the 99% stake is the aforementioned 19.80 lakh Thai Baht, and the remaining 200 shares will be acquired for 20,000 Thai Baht. The entire transaction is scheduled to be completed by May 20, 2025.

The turnover of EPTL is not yet applicable, as the company is still in its early stages and has not commenced operations. The company's focus will be on the manufacturing and trading of laminated tubes, which are widely used in the packaging industry for various products. This acquisition will enable EPL Limited to access new markets and expand its product offerings in Thailand and potentially other parts of Southeast Asia.

As part of the strategic plan, this acquisition aligns with EPL Limited’s objective of diversifying its operations and increasing its international footprint in the packaging industry. The incorporation of EPTL provides EPL Limited with an avenue to pursue growth opportunities in Thailand, a region that has shown increasing demand for packaging solutions, particularly in the laminated tube sector.

This acquisition is subject to the provisions of applicable laws in India and Thailand, with all necessary regulatory approvals having been obtained for the transaction. The successful completion of this acquisition reflects the company's confidence in Thailand's market potential and reinforces its position as a leading player in the global packaging industry.

In summary, EPL Limited’s acquisition of 99% of EPTL is a key milestone in the company’s expansion strategy. It opens the doors for EPL Limited to establish a stronghold in Thailand, focusing on the manufacturing of laminated tubes and related products. The company’s broader strategy of pursuing growth through international acquisitions and exploring new markets will undoubtedly strengthen its competitive edge in the global packaging market.

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