EPACK Durable Ltd executes JV agreement with Bumjin Electronics Co. Ltd

As part of EPACK Durable Limited's ("Company") growth strategy and in order to expand its business, the Company has executed a Joint Venture Agreement ("JV Agreement") with Bumjin Electronics Co. Limited, which is a Company registered in Republic of Korea ("Bumjin") to enable the Joint Venture Company ("JV Co.") to carry on the business of manufacturing and sale of SKD/CKD based television speakers and soundbars, I Speaker, Bluetooth Speaker, Smart Speaker, including through e-commerce, other affiliated business operations and all other relevant activities and transactions that are mutually agreed between the parties.

The Company will hold 66.67% stake in the JV Co. and the balance 33.33% shall be held by Bumjin. The execution of JV Agreement is completed today i.e. on July 24, 2025.

The scope of the joint venture is primarily for India with an option to expand for international markets.

Shares of EPACK Durable Limited was last trading in BSE at Rs. 355.50 as compared to the previous close of Rs. 357.50. The total number of shares traded during the day was 42669 in over 1551 trades.

The stock hit an intraday high of Rs. 361.70 and intraday low of 352.50. The net turnover during the day was Rs. 15248294.00.

Source : Equity Bulls

Keywords

EPACKDurable INE0G5901015 HouseholdAppliances JV BumjinElectronicsCo Korea