EPACK Durable Limited has approved a new manufacturing facility in Bhiwadi for air cooler production and initiated legal proceedings against Gangnam Steel Retail for non-payment of dues worth ₹19.61 crore. The expansion involves relocating existing production lines, while legal action targets financial misrepresentation and recovery of legitimate dues.
EPACK Durable Limited announced on December 23, 2025, that its Board of Directors has approved key strategic moves aimed at optimizing operations and safeguarding company interests. The company will set up a new manufacturing facility in Bhiwadi, Rajasthan, to address space constraints at its existing site. This facility will focus exclusively on air cooler production, with current production lines being relocated—no new capacity will be added.
Simultaneously, EPACK Durable has initiated legal proceedings against Gangnam Steel Retail Private Limited (formerly Gangnam Street Retail LLP) for wilful non-payment of ₹19.61 crore. The complaint has been filed with the Deputy Commissioner of Police, Economic Offences Wing (EOW), New Delhi. The company alleges financial misrepresentation and non-payment of legitimate dues arising from the supply of goods.
Key Highlights
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Board approves new Bhiwadi facility for air cooler production; existing lines to be relocated, not expanded.
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Lease agreement for suitable land at Bhiwadi finalized for new manufacturing unit.
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Legal complaint filed with EOW, New Delhi, against Gangnam Steel Retail for non-payment of ₹19.61 crore.
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Allegations include financial misrepresentation and failure to pay legitimate dues.
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No immediate financial implications expected from legal action; recovery of dues is the primary goal.
Source: NSE Corporate Announcement, EPACK Durable Limited, December 23, 2025