EPL LIMITED — Audit Report / Information 2020

May 22, 2020

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22 May 2020

Corporate Service Department The Listing Department BSE Limited National Stock Exchange of India Ltd 25[th] Floor, Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot no. C/1, G Block, Dalal Street, Mumbai 400 001 Bandra-Kurla Complex, Bandra (E) Mumbai 400 051 Scrip: Equity 500135. NCDs 957238 Trading Symbol: ESSELPACK

Ref.: Essel Propack Limited

Sub.: Resignation by Statutory Auditor

Dear Sirs,

This is to inform you that M/s. Ford Rhodes Parks & Co. LLP (FRP) has resigned as a Statutory Auditor effective from conclusion of forthcoming annual general meeting of the Company.

The Audit Committee and Board of the Company in its respective meeting held on 22 May 2020 has considered and accepted the resignation. It was noted that FRP do not have any concern or issue. It was also noted that there was no other reason other than what was mentioned in the resignation letter received from FRP.

Prescribed details in relation to resignation by Auditor is annexure herewith.

The above is pursuant to the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, applicable statutory provisions, laws, information and record.

Kindly take this intimation in record in compliance with applicable statutory provisions.

Yours faithfully

For Essel Propack Limited

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Suresh Savaliya Head - Legal & Company Secretary

Encl. as above

Filed online

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ESSEL PROPACK LIMITED

Corporate Office: Top Floor, Times Tower, Kamala City, Senapati Bapat Marg, Lower Parel Mumbai 400013, India www.esselpropack.com T: +91‐22‐2481 9000/9200 F:+91‐22‐24963137 complianceofficer@eplglobal.com

Registered Office

P.O. Vasind, Taluka Shahpur Dist. Thane 421604 Maharashtra Tel: +91 9673333971/9882 CIN: L74950MH1982PLC028947

	(Pursuant to SEBI Circular dated18	October 2019)
	Nameofthe listed entity/material subsidiary	Essel Propack Limited
2	Detailsofthe statutory auditora) Nameb) Addressc) Phone numberd)email	Ford Rhodes Parks&Co. LLP,Chartered AccountantsSai Commercial Building, 312/313, 3rdFloor, BKS Devshi Marg, Govandi (East),Mumbai - 400088(91)22 67979819fuco@fordrhodesparks.com
3	Detailsofassociation with the listed entity/ materialsubsidiary
	a) Date on which the statutory auditor was appointedb) Date on whichthetermofthe statutory auditor wasscheduled to expire	12July 2017Date onAGMin the year 2022
	c) Prior to resignation, the latest audit report/limitedreview report submitted by the auditor and dateofitssubmission	Audit report for theFY2019-20isbeingsubmitted on 22May2020
4	Detailed reasons for resignation	Managementisintending to appoint acommon audit firm (with internationalarrangementsacrossallgeographieswheretheCompanyoperates) for EsselPropack Limited('HoldingCompany')and its overseas subsidiaries for bringingmore synergies.Inviewofabove, weresign from the postofstatutory auditorsoftheCompany.TheCompanynoted that Ford Rhode·sParks & Co. LLP, has served as statutoryauditors since three years. The AuditCommittee andthemanagement noted thecooperation provided totheCompanyduring tenure as statutory auditorsoftheCompany.-------------~

5	ln caseofany concerns, efforts made bytheauditor priortoresignation(includingapproachingtheAuditCommittee/BoardofDirectors along with the dateofcommunication madetothe Audit Committee/BoardofDirectors)	Nil
6	Incasetheinformation requested by the auditor was notprovided, then fol lowing shallbedisclosed:	Notapplicable
	a) Whether the inability to obtain sufficient appropriateaudit evidence was due to a management-imposedlimitation or circumstances beyondthecontrolofthemanagement.	Notapplicable
	b)Whetherthelackofinformationwouldhavesignificant impact on the financial statements/results.	Notapplicable
	c) Whethertheauditorhasperformed alternativeprocedures to obtain appropriate evidence for thepurposesofaudit/limited review as laid down in SA705 (Revised)	Notapplicable
	d) Whetherthelackofinformation was prevalent intheprevious reported financial statements/resultsIfyes,onwhat basis the previous audit/limited review reportswere issued.	Notapplicable
7	Any other facts relevant to the resignation.	NilWehave no concernthatwe would like tobring tothenoticeofthe management andAuditCommittee_I_the Boardofthecompany.
Declaration