EPL Ltd Company History

The Company was incorporated on December 22, with annual capacity of

57 million units and went public in 1984. It is a flagship company of

the Essel group and is a pioneer in the manufacture of lamitubes. It

was promoted by Subhash Chandra, Ashok Goel and others of the Essell

Group. The Company manufactures fully collapsible laminated tubes

(lamitubes) and soft squeeze lamitubes.

The installed capacity was increased from 57 million tube per annum

to the current level 170 million tubes per annum.

The Company's joint venture project in Egypt to manufacture laminated

collapsible tubes commenced production.

700 shares subscribed for by signatories to Memorandum of

Association. 27,99,300 No. of equity shares were then issued at par of

which 10,79,500 shares and 5,19,800 shares were reserved for allotment

to promoters, directors and NRIs respectively. Of the remaining

following were reserved for allotment on preferential basis (i) 34,000

shares to employees; (ii) 6,00,000 shares to NRI. Balance 5,16,000

shares were issued to the public.

During 1990, 14,00,000 Right equity shares issued in prop 1:2.

Additional 2,10,000 shares allotted to retain oversubscription.

Another 70,000 shares issued to employees on equitable basis only 8,550

shares taken up. 11,04,637 Right equity shares were issued at a prem.

of Rs 40 per share in prop. 1:4 (all were taken up); Another 41,200

shares were offered to employees' at a prem. of Rs. 40 per share (only

900 shares taken up) unsubscribed portion was allowed to lapse.

On 18th June, the Company issued 22,00,000 No. of equity shares on

preferential basis to promoters and associates.

The Company issued 33,62,044 Rights equity shares of Rs 10 each at a

premium of Rs 215 per share in proportion 1:3.

During the year, the Company has created a functional chain

responsible for `Buy-Make-Deliver' functions.

The Company undertook to expand the capacity of lamitubes manufacture

to 220 million tubes at Waqda and also manufacture 1030 tonnes of

polyethylene film as backward integration programme for marking

laminates that go into the making of lamitube.

Three new technologies viz., Blown Film, Injection Mouldings and

co-extrudend Seamless tubes were absorbed by the company.

The joint venture also started manufacturing plastic moulded

containers.

The Company offered 38,62,044 equity shares of Rs 10 each at a

premium of Rs 215 per share to the existing shareholders of which

36,22,367 shares were applied. All were allotted and taken up.

The Company has entered into an MOU with its Egyptian Partners in the

Joint Venture Company in Cairo whereby the equity holding would

increase to 55% from the current 35%.

The Company has emerged as one of the World's largest supplier of

Laminated tubes.

In 1995-96, the company created a Supply Chain Group.

The Company have created a separate team for Product Development,

Import Substitution and Quality Assurance.

The Company has installed an online MIS System on LAN. The Company

has one of the finest equipment capable of producing tubes to any

exacting international standard.

The Company's rights Issue opened for subscription on 27th March,

1995 and closed on 26th April, 1995.

EPL has set up joint ventures abroad, which will manufacture tubes

with the help of web imported from Essel's plants in India.

The company is also setting up an integrated laminated tubes

manufacturing operation in China that will be catering to the several

user industries like the toothpaste industry, pharmaceutical industry,

adhesive industry and others.

Essel Packaging Limited has received the approval of the Reserve Bank

of India and department of industries in Nepal to set up a unit in

Nepal.

Essel Packaging Ltd, an integrated producer of laminated tubes and

seamless plastic tubes for a wide variety of packaging uses, has

launched its web site with 20 pages on the Internet.

The Mumbai-based Essel Packaging Ltd, the second-largest tube company

in the world, is setting up a 100 per cent owned manufacturing

subsidiary in Nepal.

Essel Packaging is currently setting up manufacturing plant at

Silvassa.

Essel Packaging Ltd (Essel), is setting up a manufacturing plant in

Dresden, Germany.

ESSEL Packaging, the second largest lamitube company in the world,

has become the first Indian company to announce the price range for

buying back its equity.

The company, is also proposing to introduce an employee stock option

scheme for its employees, wherein it will allot convertible warrants to

an employees welfare trust.

As part of its strategy to corner a major chunk of the European

market, Essel Packaging collaborated with Helmut Roschinger, the owner

of real estate company Argenta International, to set up a $12.5-m

production unit for laminated tubes in Dresden (Germany).

Essel has a 100 per cent subsidiary operating in the Chinese market,

which at an estimated 10 billion.

Essel will be bringing to the joint venture state-of-the-art

technology and cost leadership.

The Board has approved an issue of bonus shares in the ratio of three

shares for every five shares held.

Essel Packaging Ltd has acquired the laminated tube business of

Romanian Company, `Progresul'.

Crisil has assigned P1+ rating to the Rs 40-crore CP program of the

Company.

Essel Group's flagship company Essel packaging Ltd. has entered into

a mega merger deal with Propack Limited, which would effectively make

it as a world's largest player in laminated tubes.

Crisil has reaffirmed the P1+ rating assigned to the Rs 40-crore

commercial paper programme of Essel Packaging, subsequent to EPL's

decision to acquire a 100 per cent stake in Propack Mauritius.

The Company has received the Foreign Investment Promotion Board

approval to set up a 51:49 Joint venture with Bericap Holding GmbH of

Germany for manuacturing caps and closures for carborated soft drinks.

The Company has acquired tubing lines and printing machinary from

Masterpak in Mexico. It proposes to use these assets to start tubing

operations in Mexico.

Mr. Bernhard A. Schwyn has been appointed as a Director of the

company.

Essel Packing has acquired tubing lines and printing machinery from

Masterpak in Mexico.

Essel Propack Ltd launches fourth plant in Guangzhou region to

manufacture 45 million sq mt of special laminates and 550 million

laminated tubes annually

Essel introduces a new product Co-extruded plastic tubes.

Mr.Cyrus Bhagwadia resigns as the Managing Director

on the board of the company.

Essel Propack to establish new plant in Russia

Essel Propack sets up caps unit in US

Essel Propack Ltd has informed that the Company has acquired 100% stake in Arista Tubes, UK. Arista Tubes is the leading manufacturer of plastic tubes in UK and has a 30% market share

With effective September 02, 2004, the shares of the Company have been delisted from the Delhi Stock Exchange Association Ltd (DSE)

Delist from Ahmedabad Stock Exchange with effect from October 15, 2004.

Essel Propack acquires Telcon Packaging, UK

Essel Propack signs amended agreement with Berrycap Holding GmBH, Germany

Essel Propack has acquired 85% stake in Tacpro Inc., USA and Avalon Medical Services Pte Ltd. Singapore.

Essel Propack takes over Packaging India pvt Ltd.

Essel Propack expands into speciality packaging materials

Company has splits its Face value of Shares from Rs 10 to Rs 2

Essel Propack Board approves interim dividend of 100% (Rs. 2/- per share).

Essel Propack acquires Medical Engineering & Design, Inc. in USA

Essel Propack appointed Mr. Ashok Kumar Goel as Vice chairman & Managing Director of the company.

Essel Propack Limited has acquired Minneapolis based company Catheter & Disposables Technology (CDT), a supplier of specialized disposable Medical Devices.

Essel Propack's New Plant Goes on Stream in CHINA.

Essel Propack Wins Global Supplier Award by Unilever

Essel Propack Mexico has started production in its new plant in State of Mexico.

Essel Propack’s New Expanded Plant Goes On Stream in Goa, India

Recommended Equity Dividend of Re. 0.65 per share of face value of Rs. 2/- each i.e. 32.50% on the Company's equity shares for the financial year ended March 31, 2012

Essel Propack wins long term contract in Europe.

Essel Propack Wins Long Term Contract in Europe.

Essel Propack’s North America region has clinched three winning spots in the Tube Council’s

2013 Tube of the Year Awards.

EP won the India Pharma Award 2013 for Excellence in Packaging Development.

Essel Propack has recommended Dividend of Rs. 1.25per shares of face value of Rs. 2/- each.

Essel Propack China awarded as the 'Supplier of the year 2015'

Essel Propack arm awarded as Supplier of the year 2015 by GSK.

"Essel Propack Wins RBNQA Excellence Trophy".

Essel Propack launches 'Project Liberty' - big leap towards environmental sustainability.

Essel Propack starts commercial production in Assam.

Essel Propack introduces tubes for sanitisers.

EPL acquires creative stylo packs.

EPL receives global recognition for its fully recyclable Platina Tube.

"EPL wins the prestigious Best Governed Company award at the 21st ICSI National Award for Excellence in Corporate Governance."

EPL and Vicco Labs launch sustainable tube packaging for 'Vicco Turmeric'.

EPL partners with Unilever for sustainability initiative in oral care range.

EPL Joins Hands with GSK Consumer Healthcare for a Sustainable Future.

EPL Limited Partners with Colgate-Palmolive (India) Limited For Creation of First-Ever Recyclable Toothpaste Tubes.

EPL got approval for Amalgamation Of Creative Stylo Packs Private Limited With EPL Limited.

EPL product platina wins Recyclass and APR certification for recyclability.

"EPL Limited awarded a Gold Medal by EcoVadis for Sustainability".