EPACK Durable Limited (the “Company”) is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its equity shares, and has filed a red herring prospectus dated January [●], 2024 with the Registrar of Companies, Uttar Pradesh at Kanpur (the “ ROC”). The RHP is available on the website of the SEBI at www.sebi.gov.in as well as on the website of the book running lead managers, Axis Capital Limited, DAM Capital Advisors Limited and ICICI Securities Limited at www.axiscapital.co.in, www.damcapital.in and www.icicisecurities.com, respectively, the website of the Company at www.epackdurable.com, and the websites of the stock exchanges, i,e., BSE Limited and National Stock Exchange of India Limited at www.bseindia.com and www.nseindia.com, respectively.

Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risks, see the section titled “Risk Factors” of the RHP. Potential investors should not rely on the draft red herring prospectus for any investment decision instead investors shall rely on RHP.

The report titled “Industry report for IPO – ODM opportunities in Indian Room Air Conditioner and Small Domestic Appliance segments” dated December 14, 2023, exclusively commissioned and paid for by our Company for the purposes of the initial public offer, and issued by Frost & Sullivan (India) Private Limited (“F&S Report”) is subject to the following disclaimer:

“Industry report for IPO – ODM opportunities in Indian Room Air Conditioner and Small Domestic Appliance segments” dated December 14, 2023, has been prepared for the proposed initial public offering of equity shares by EPACK Durable Limited (the “Company”).

This study has been undertaken through extensive primary and secondary research, which involves discussing the status of the industry with leading market participants and experts, and compiling inputs from publicly available sources, including official publications and research reports. Estimates provided by Frost & Sullivan (India) Private Limited (“Frost & Sullivan”) and its assumptions are based on varying levels of quantitative and qualitative analyses, including industry journals, company reports and information in the public domain.

Frost & Sullivan has prepared this study in an independent and objective manner, and it has taken all reasonable care to ensure its accuracy and completeness. We believe that this study presents a true and fair view of the industry within the limitations of, among others, secondary statistics and primary research, and it does not purport to be exhaustive. The results that can be or are derived from these findings are based on certain assumptions and parameters/conditions. As such, a blanket, generic use of the derived results or the methodology is not encouraged.

Forecasts, estimates, predictions, and other forward-looking statements contained in this report are inherently uncertain because of changes in factors underlying their assumptions, or events or combinations of events that cannot be reasonably foreseen. Actual results and future events could differ materially from such forecasts, estimates, predictions, or such statements.

In making any decision, the recipient should conduct its own investigation and analysis of all facts and information and the recipient must rely on its own examination, as and when discussed. The recipients should not construe any of the contents in this report as advice relating to business, financial, legal, taxation or investment matters and are advised to consult their own business, financial, legal, taxation, and other advisors.”