EPL Limited Approves Indovida India Merger Scheme

EPL Limited's board approved a scheme of amalgamation to merge Indovida India Private Limited into EPL via absorption on March 29, 2026.
Share exchange ratio set at 286 EPL equity shares (FV ₹2) for every 10,000 Indovida India shares (FV ₹10), valued by BDO and D&P.
Post-merger promoter/promoter group shareholding rises sharply from 25.97% to 68.37%, with total shares expanding to ~51 crore.
Combined Jan-Dec 2025 consolidated turnover is ~₹8,377 Cr; merger subject to SEBI, NCLT, CCI, and shareholder/creditor approvals.