EPL Limited Announces Amalgamation with Indovida India Private Limited
Mumbai, March 29, 2026 – EPL Limited announced that its Board of Directors has approved a scheme of amalgamation (merger by absorption) of Indovida India Private Limited with the Company. The merger is set to occur on a going-concern basis and is subject to necessary statutory and regulatory approvals.Indovida India Private Limited, along with its subsidiaries and associates, is engaged in the manufacturing of packaging products and trading of raw materials. EPL Limited, along with its subsidiaries and associate, manufactures and sells packaging products globally. As of December 31, 2025, EPL Limited reported a turnover of INR 3,809 crore and a net worth of INR 1,717 crore. Indovida India reported a turnover of INR 6,459 crore and a net worth of INR 4,568 crore.
The merger is expected to bring several benefits, including a wider range of products and services for customers, geographical diversification, enhanced operational efficiencies, and improved organizational capabilities.
The share exchange ratio for the merger is 286 equity shares of EPL Limited for every 10,000 equity shares of Indovida India. IVL holds 24.44% of EPL Limited and 99.99% of Indovida India.
The Board also approved the execution of a Merger Implementation Agreement with Indorama Netherlands B.V. (IVL), a Shareholders’ Agreement with Epsilon Bidco Pte. Ltd. and IVL, and a Transition Services Agreement with IVL and Indorama Ventures Global Services Limited.
The Board meeting commenced at 5:00 P.M. (IST) and concluded at 5:25 P.M. (IST).
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.