EPACK to set up new Bhiwadi facility, initiates legal action against Gangnam Steel for ₹19.61 Cr dues

EPACK Durable Limited announced the outcome of its Board Meeting held on December 23, 2025. The Board approved the establishment of a new manufacturing facility in Bhiwadi, Rajasthan. This move is nec...

EPACK Durable Limited announced the outcome of its Board Meeting held on December 23, 2025. The Board approved the establishment of a new manufacturing facility in Bhiwadi, Rajasthan. This move is necessitated by space constraints at the current Bhiwadi facility and will involve relocating existing Air Cooler production lines to the new site. The company also approved taking suitable land on lease for this purpose. In a separate development, the Board approved the initiation of legal proceedings against M/s Gangnam Steel Retail Private Limited (formerly Gangnam Street Retail LLP) for the wilful non-payment of dues amounting to ₹19,61,21,575 (₹19.61 crore). The company has filed a complaint with the Economic Offences Wing (EOW) in New Delhi against Gangnam and its directors for alleged financial misrepresentation and non-payment. The Board Meeting commenced at 5:30 p.m. and concluded at 6:40 p.m.

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Why is EPACK Durable Limited in the news today?

EPACK Durable Limited (EPACK) is in the news due to the announcement contains both positive (facility expansion) and negative (legal action) aspects, making the overall sentiment neutral.

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EPACK to set up new Bhiwadi facility, initiates legal action against Gangnam Steel for ₹19.61 Cr dues

December 23, 2025, 01:26 PM

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EPACK Durable Limited announced the outcome of its Board Meeting held on December 23, 2025. The Board approved the establishment of a new manufacturing facility in Bhiwadi, Rajasthan. This move is necessitated by space constraints at the current Bhiwadi facility and will involve relocating existing Air Cooler production lines to the new site. The company also approved taking suitable land on lease for this purpose.

In a separate development, the Board approved the initiation of legal proceedings against M/s Gangnam Steel Retail Private Limited (formerly Gangnam Street Retail LLP) for the wilful non-payment of dues amounting to ₹19,61,21,575 (₹19.61 crore). The company has filed a complaint with the Economic Offences Wing (EOW) in New Delhi against Gangnam and its directors for alleged financial misrepresentation and non-payment.

The Board Meeting commenced at 5:30 p.m. and concluded at 6:40 p.m.

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