26 July 2022

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 400001	Bandra-Kurla Complex, Bandra (E)
	Mumbai 400051
Scrip: Equity 500135. NCDs 960310 & 960311 Trading Symbol: EPL

Ref.: EPL Limited

Sub.: Unaudited financial results for the quarter ended 30 June 2022 and outcome of the Board Meeting.

Dear Sirs,

This is to inform the exchanges that the Board of Directors of the Company at its meeting held on today ie 26 July 2022, inter alia, has approved the following:

Unaudited financial results for the quarter ended 30 June 2022 of the Company's India standalone operations and consolidated global operations.

Please find attached herewith the above mentioned unaudited financial results and limited review reports issued by Mis. Walker Chandiok & Co LLP, the Statutory Auditors of the Company, on the above mentioned financial results.

The above referred meeting was commenced at 12:30 pm and concluded at 3.50 p.m.

The above is pursuant to the SEBl (Listing Obligations and Disclosure Requirements) Regulations 2015, for your information and record.

Thanking You

Yours faithfully, Fo~~-imited *j..,* ~ liya I \ SVP - Legal & Company

Encl.: As above

Filed online

.. .

,◄ :a:~~~~Tf!s hh: i utii:-~~~~e 421604, Maharashtra /: ;, :, . Tel:'+9i'%73333971/9j\8_2"; .: .. ~ ,, .CIN: L74950MH1982PLC028947 [email protected]

. • . • • . . . . ;,;""fiJt:, .. '.cs:· ' .

Walker Chandiok & Co LLP

11th Floor, Tower 11 , One International Center, SB Marg, Prabhadevi (W), Mumbai - 400013 Maharashtra, India T +91 22 6626 2699 F +91 22 6626 2601

Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)

To the Board of Directors of EPL Limited (formerly, Essel Propack Limited)

1. We have reviewed the accompanying statement of unaudited consolidated financial results ('the Statement') of EPL Limited (formerly, Essel Propack Limited) ('the Holding Company') and its subsidiaries (the Holding Company and its subsidiaries together referred to as 'the Group'), and its associate (refer Annexure 1 for the list of subsidiaries and associate included in the Statement) for the quarter ended 30 June 2022, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including relevant circulars issued by the Securities and Exchange Board of India ('SEBI') from time to time.
1. This Statement, which is the responsibility of the Holding Company's management and approved by the Holding Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34'), prescribed under section 133 of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including relevant circulars issued by the SEBI from time to time. Our responsibility is to express a conclusion on the Statement based on our review.
1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the SEBI Circular CIR/CFD/CMD1/44/2019 dated 29 March 2019 issued by the SEBI under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), to the extent applicable.

Page 1 of 4

Chartered Accountants

Offices in Bengaluru, Chandigarh, Chennai, Gurugram, Hyderabad, Koehl, Kolkata, Mumbai, New Deihl, Nokia and Pune

Walker Chandiok & Co LLP is registered with limited liability with identification number AAC-2085 and has its regislered office at L-41. Connaught Circus, Outer Circle, New Delhi, 110001, India

EPL Limited (formerly, Essel Propack Limited)

4. Based on our review conducted and procedures performed as stated in paragraph 3 above and upon consideration of the review reports of other auditors referred to in paragraph 5 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including the manner in which it is to be disclosed, or that it contains any material misstatement.
1. We did not review the interim financial information/ interim financial results of six (6) subsidiaries included in the Statement, whose interim financial information/interim financial results (before eliminating inter-company transactions) reflects total revenues of ~ 4,627 million, total net profit after tax of 324 million and total comprehensive income of 324 million for the quarter ended on 30 June 2022, as considered in the Statement. These interim financial information/ interim financial results have been reviewed by other auditors whose review reports have been furnished to us by the management, and our conclusion in so far as it relates to the amounts and disclosures included in respect of these subsidiaries is based solely on the review report of such other auditors and the procedures performed by us as stated in paragraph 3 above.

Further, of these subsidiaries, five (5) subsidiaries are located outside India, whose interim financial information/ interim financial results have been prepared in accordance with accounting principles generally accepted in their respective countries and which have been reviewed by other auditors based on standard on review engagement applicable in their respective countries. The Holding Company's management has converted the interim financial information/ interim financial results of such subsidiaries from the accounting principles generally accepted in their respective countries to the accounting principles generally accepted in India. We have reviewed these conversion adjustments made by the Holding Company's management. Our conclusion, in so far as it relates to the balances and affairs of these subsidiaries is based on the review report of other auditors and the conversion adjustments prepared by the management of the Holding Company and reviewed by us.

Our conclusion is not modified in respect of these matters with respect to our reliance on the work done by and the reports of the other auditors.

%is space lias 6een intentiona[[y [ejt 6fank,

Page 2 of 4

Chartered Accountants

Offices in Bengaluru, Chandigarh, Chennai, Gurugram, Hyderabad, Kochi, Kotkata, Wit.1mbai, New Delhi, Naida and Puna

Walker Chandiok & Co LLP is registered with limited liability with identification number AAC-2085 and has its registered office at L-41, Connaught Circus, Outer Circle, New Delhi, 110001 , India

EPL Limited (formerly, Essel Propack Limited) Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)

The Statement includes the interim financial information of two (2) subsidiaries, which have not been reviewed by their auditors, whose interim financial information (before eliminating inter-company transactions) reflects total revenues of z 3 million, net loss after tax of z 0.12 million and total comprehensive loss of z 0.12 million for the quarter ended 30 June 2022, as considered in the Statement. The Statement also includes the Group's share of net loss after tax of z 22 million and total comprehensive loss of z 22 million for the quarter ended on 30 June 2022 in respect of one (1) associate, based on its interim financial information, which has not been reviewed by its auditor and has been furnished to us by the Holding Company's management. Our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries and associate, are _based solely on such unreviewed interim financial information. According to the information and explanations given to us by the management, these interim financial information are not material to the Group.

Our conclusion is not modified in respect of this matter with respect to our reliance on the interim financial information certified by the Holding Company's management.

For Wal Charter Firm Re 76N/N500013

Partner Member Ip No:109632

UDIN :22109632ANPSWN7942

Place: Mumbai Date: 26 July 2022

Page 3 of 4

Chartered Accountants

Offices in Bengaluru, Chandigarh, Chennai, Gurugram, Hyde<abad, Kochi, Kolkata, ~AJmbai, New Delhi, Noida and Pune

Walker Chandiok & Co LLP is registered with limited liability with identification number AAC-2085 and has ils registered office al L-41, Connaught Circus, Outer Circle, New Delhi, 110001, India

EPL Limited (formerly, Essel Propack Limited)

Annexure 1

List of entities included in the Statement

Subsidiaries:

1. Lamitube Technologies Limited
1. Lamitube Technologies (Cyprus) Limited
1. Arista Tubes Inc.
1. EPL America, LLC (formerly known as Essel Propack America, LLC)
1. Laminate Packaging Colombia SAS (formerly known as Essel Colombia SAS.)
1. EPL Propack de Mexico, SA de C.V. (formerly known as Essel de Mexico, SA de C.V.)
1. EPL Deutschland Management GmbH (formerly known as Essel Deutschland Management GmbH)
1. EPL Deutschland GmbH & Co. KG (formerly known as Essel Deutschland GmbH & Co. KG)
1. EPL Misr for Advanced Packaging SAE. (formerly known as Essel Propack MISR for Advanced Packaging SAE.)
1. EPL Packaging (Guangzhou) Limited (formerly known as Essel Packaging (Guangzhou) Limited)
1. EPL Packaging (Jiangsu) Limited (formerly known as Essel Packaging (Jiangsu) Limited)
1. EPL Propack Philippines, Inc (formerly known as Essel Propack Philippines, Inc.)
1. EPL Propack LLC (formerly known as Essel Propack LLC)
1. EPL Poland sp. z.o.o (formerly known as Essel Propack Polska sp. z.o.o.)
1. EPL Propack UK Limited (formerly known as Essel Propack UK Limited)
1. MTL De Panama, SA
1. Tubopack de Colombia SAS. (Refer Note 4 of the Statement)
1. Creative Stylo Packs Private Limited
1. EPL Brasil L TOA. (from 25 May 2022)

Associate:

PT. Lamipak Primula

Chartored Accounlants

Walker Chandiok & Co LLP is registered with limited liability with identification number MC-2085 and has its registered office at L-41, Connaught Circus, Outer Circle, New Delhi, 110001, India

	EPL LIMITED
	(Formerly known as Essel Propack Limited)
	Corporate Office: Top Floor, Times Tower, Kamala City, Senapati Bapat Marg,Lower Parel, Mumbai 400013. Tel: +91 22 2481 9000/9200, [email protected],
	www.eplglobal.com
	Regd. Office: P.O. Vaslnd, Taluka Shahapur, Thane 421604, Maharashtra
	Tel: +91 9673333971 CIN: L749S0MH1982PLC028947
	STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTSFOR THE QUARTER ENDED 30 JUNE 2022

Particulars			Quarter ended	(Rs in million, except per share data)	Year ended
		30-lun	31-Mar	30-lun	31-Mar
		2022	2022	2021	2022
		Unaudited	(Refer note 3)	Unaudited	Audited
la.	Income
b.	Revenue from operationsOther income	8,318	8,802	7,991	34,328
	Total income	428,360	228,824	538,044	120
					34,448
2	Expen.ses
a.	Cost of materials consumed	3,889	4,315	3,570	15,744
b.	Changes in inventories of finished goods andwork-in-progress	(234)	(264)	(199)	(568)
C.	Employee benefits expense
d.	Finance costs	1,654	1,618	1,557	6,500
e.	Depreciation and amortisation expense	122652	114	89	403
f.	Other expenses	1,753	631	619	2,514
	Total expenses	7,836	1,8028,216	1,6147,250	6,891
3	Profit before share of profit / (loss) of an associate,	524	608	794	31,4842;964
	exceptional items and tax (1-2)
4	Share of loss from associate	(22	0	(3)	(76)
56	Profit before exceptional items and tax (3+4)Exceotional Items (Refer note 4)	502	608	791	2,888
7	Profit before tax for the oeriod (5+6)	(11)491	608	-791
8	Tax expense				2,888
i)	Current tax- current period	155	133	217	753
Ii)	- earlier periodDeferred tax charae / (credit)	(1)	(17)	(21)	(28)
	Total tax exnense	(13)141	(9)107	(7)189	(50)675
9	Net Profit after tax for the oeriod (7-8)	350	501	602	2,213
10	Other comnrehenslve income / (loss)
a.	Items that will not be reclassified to profit or loss
	- Remeasurement gains/(losses) on defined benefit plan- Income tax effects relatlna to above	(0)	4	(3)	1
b.	Items that will be reclassified to profit or loss .	0	(1)	1	(0)
	- Exchange differences on translation of financial results of	(88)	65	372	261
	foreign operations
	- Exchange difference reclassified to statement of profit orloss on dissolution of a subsidiary (Refer note 4)	11		-
	- Income tax effects relatinq to above	-
	Total other comprehensive income/(loss)	(77)	68	-370	-262
	(net of tax)
11	Total comprehensive income for the	273	569	972	2,475 ·
12	period (9+10)Net Profit for the period attributable to:
	Owners of the Holding Company	334	487	579	2,144
	Non-controlling interest	16	14	23	69
13	Other comprehensive income/(loss) attributable to:
	Owners of the Holding Company	(78)	80	368	273
	Non-controlling interest	1	(12)	2	(11)
14	Total comprehensive Income attributable to:
	Owners of the Holding Company	256	567	947	2,417
15	Non-controlling interest	17	2	25	58
16	Paid-up equity share capital (Face Value Rs. 2 each)Other equity	632	632	631	632
17	Earnings per share (EPS) (In Rs.) A				17,613
	Basic	1.06	1.54	l.83	6.79
	Diluted	1.06	1.54	l.83	6.77
	( A Quarterly figures are not annualised)			"--·-
	See accompanvina notes to consolidated unaudited financial results.			/91I \ Al~

	EPL LIMITED
	(Formerly known as Essel Propack Limited)
	Corporate Office: Top Floor, Times Tower, Kamala City, Senapati Bapat Marg,
	Lower Pare!, Mumbai 400013, Tel: +91 22 2481 9000/9200, [email protected],
	www.eplglobal.com
	Regd. Office: P.O. Vasind, Taluka Shahapur, Thane 421604, Maharashtra
	Tel: +91 9673333971 CIN: L74950MH1982PLC028947
	STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS
		FOR THE QUARTER ENDED 30 JUNE 2022
	(Rs In million)
Note 1 : Consolidated Segment InformationYear endedQuarter ended
30-Jun30-Jun31-Mar					31-Mar
			202120222022
			Unaudited	(Refer note 3)	Unaudited	2022Audited

		Segment revenue from operations
	a	AMESA	3,197	3,140	2,819	12,259
	b	EAP	1,928	1,971	2,060	8,626
	C	AMERICAS	1,973	1,964	1,639	7,362
	-d	EUROPE	1,972	2,086	1,784	7.484
	e	Unallocated	3	3	3	11
	f	Inter segmental elimination	(755)	(362)	(314)	{1,414)
		Total revenue from operations for the period	8,318	8,802	7,991	34,328
		Segment result
	a	AMESA	309	277	311	1,293
	b	EAP	247	160	345	1,2n
	C	AMERICAS	105	189	119	529
	d	EUROPE	34	104	99	256
	e	UnallocatedInter segmental elimination	(8)(83)	(22)	(7)(37)	(44)(42)
	f	Total segment result for the period	604	14722	830	3,269

		Finance costs	(122)	(114)	(89)	(403)
		Other Income (excluding gain/loss on foreign exchangefluctuations)	35	23	38	120
		Gain/(loss) on foreign exchange fluctuations (net)	7	(23)	15	(22)
		Exceptional Items - gain/(loss) (Refer note 4)	(11)	-
		Share of loss from associate	(22)	0	(3)	(76)
		Profit before tax for t he oeriod	491	608	791	2,888

		Segment Assets
	a	AMESA	11,195	10,558	9,796	10,558
	b	EAP	8,337	8,153	8,310	8,153
	C	AMERICAS	7,139	6,891	5,690	6,891
	d	EUROPE	6,264	6,139	6,557	6,139
	e	Unallocated	1,842	2,055	1,710	2,055
		f · Inter seomental elimination	(1,285)	(870)	(663)	(870)
		Total	33.492	32,926	31,400	32,926
		Segment Llablllties
	a	AMESA	3,024	2,488	2,363	2,488
	b	EAP	2,421	2,459	2,385	2,459
	C	AMERICAS	1,482	1,296	1,006	1,296
	d	EUROPE	1,578	1.412	1,562	1.412
	e	Unallocated	7,108	7,382	6,277	7,382
	f	Inter segmental elimination	(1,016)	(692)	(489)	(692)
		Total	14,597	14,345	13,104	14,345
		The Group Is engaged in the business of Plastic Packaging Material. The Chief Operating Decision Maker (CODM) evaluates

the Group's performance and allocates resources based on analysis of various performance indicators by geographical segments. The Items which are not allocated to segments are shown as "Unallocated",

Geographical Segments are:

a AMESA: Africa, Middle East and South Asia include operations In India and Egypt.

b EAP : East Asia Pacific includes operations in China and Philippines.

CAMERICAS : includes operations in United States of America, Mexico, Colombia and Brazil. - d EUROPE : includes operations in United Kingdom, Poland, Russia and Germany. ~~~

cNDto1r --.., ~~r -;- c\C 0

	EPL LiMITED
	(Formerly known as Essel Propack Limited)Corporate Office: Top Floor, Times Tower, Kamala City, Senapatl Bapat Marg,
	Lower Parel, Mumbai 400013. Tel: +91 22 2481 9000/9200, [email protected],
	www.eplglobal.com
	Regd. Office: P.O. Vasind, Taluka Shahapur, Thane 421604, Maharashtra
	Tel: +91 9673333971 CIN: L74950MH1982PLC028947
	STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS
	FOR THE QUARTER ENDED 30 UNE 2022
NOTES:

2	EPL Limited (the 'Holding Company') and its subsidiaries are together referred to as 'the Group' in the following notes. The aboveconsolidated unaudited financial results (the 'results') of the Group and its associate have been prepared In accordance with therecognition and measurement principles laid down in Indian Accounting Standard 34 ('Ind AS 34'), prescribed under section 133 of theCompanies Act, 2013, and other accounting principles generally accepted In India and is in compliance with the requirements ofRegulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended). These results have beenreviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 26 July 2022. Thestatutory auditors have carried out a limited review of the above consolidated unaudited financial results for the quarter ended 30 June2022.
3	Figures for the quarter ended 31 March 2022 are the balancing figures between the audited figures for the financial year ended 31 March2022 and the published year-to-date figures for the nine months ended 31 December 2021, which were subjected to a limited review bythe statutory auditors.
4	Tubopack de Colombia S.A.S, a wholly owned step down subsidiary registered in Colombia (which was under liquidation) has completedits voluntary dissolution process on 30 June 2022. Exceptional loss of Rs. 11 million for the quarter ended 30 June 2022 representsexchange difference arising on translation of foreign operations of the above subsidiary, now reclassified to the profit and loss inaccordance with Ind AS 21. The operations in Colombia is being continued through one of the existing subsidiary namely LaminatePackaging Colombia S.A.S.
S	The Holding Company acquired 72.46% equity shares in Creative Stylo Packs Private Limited ('CSPL') and accordingly CSPL became thesubsidiary of the Group w.e.f. 1 February 2021. The Board of Directors of the Holding Company and CSPL had approved the Scheme ofamalgamation / merger of CSPL with the Holding Company under Section 230 t.o 23.2 of the Companies Act, 2013 and other applicablestatutory provisions ('the Merger'). The Holding Company· has received no objection to the Scheme from National Stock Exchange of IndiaLimited and BSE Limited pursuant to the provisions of Regulation 37 of the SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015.' The shareholders of the Holding Company have approved the Scheme with requisite majority in their meeting held on05 January 2022, as per Directions of the National Company Law Tribunal, Mumbai Bench ('NCLT'). The Holding Company has filedPet ition with NCLT in relation to the Merger, pursuant to applicable provisions of the Companies Act, 2013. The Scheme is subject torequisite approvals of NCLT and regulatory authorities, as applicable.
6	The Holding Company has incorporated a wholly owned subsidiary namely EPL Brasil LTDA on 25 May 2022 by subscribing to initialcapital of Rs 15 million.
7	Pursuant to Employee Stock Option Scheme 2020, the Holding Company has granted 108,226 stock options during the quarter ended 30June 2022.
8	Amounts shown as 'O' in the above results represent value less than Rupee one million.

Managing Directo

Place : Mumbai Date : 26 July 2022

Walker Chandiok &_Co LLP

Walker Chandiok & Co LLP

11th Floor, Tower 11 , One International Center, S B Marg, Prabhadevi 0N), Mumbai - 400013 Maharashtra, India T +91 22 6626 2699 F +91 22 6626 2601

Independent Auditor's Review Report on Standalone Unaudited Quarterly Financial Results of the Company pursuant to the Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)

To the Board of Directors of EPL Limited (formerly, Essel Propack Limited)

1. We have reviewed the accompanying statement of standalone unaudited financial results ('the Statement') of EPL Limited (formerly, Essel Propack Limited) ('the Company') for the quarter ended 30 June 2022, being submitted by the Company pursuant to the requirements of Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including relevant circulars issued by the Securities and Exchange Board of India ('SEBI') from time to time.
1. The Statement, which is the responsibility of the Company's management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34'), prescribed under Section 133 of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including relevant circulars issued by the SEBI from time to time. Our responsibility is to express a conclusion on the Statement based on our review.
1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Page 1 of 2

ChWred Accountants Offices in Bengaluru, Chandigath, Chennai, Gurugram, Hyderabad, Kochi, Kolkata, Mumbai, New Delhi, Nolda and Pune

Walker Chandiok & Co LLP Is registered wlth limiled liability with identification number MC-2085 and has its registered office at L-41, Connaughl Circus, Ouler Circle, New Delhi, 110001, India

EPL Limited (formerly, Essel Propack Limited)

4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under Section 133 of the Act, and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of the Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Walker C Co LLP Charter Firm Re 76N/N500013

Rakesh R. A Partner

Member ip No:109632

UDIN :22109632ANPSFG5567

Place: Mumbai Date: 26 July 2022

Page 2 of 2

Ch"1ered Accountants

Offices in Bengaluru, Chandigarh, Chennai, Gurugram, Hyderabad, Koehl, Kolkala, Mumbai, New Delhi, Nokia and Pune

Walker Chandiok & Co LLP is registered with limited liability with identification number MC-2085 and has its registered office at L-41, Connaught Circus, Outer Circle, New Delhi, 110001, India

	-------------------------------------------------EPL LIMITED(Formerly known as Essel Propack Limited)				-----,--
	Corporate Office: Top Floor, Times Tower, Kamala City, Senapati Bapat Marg,Lower Pare!, Mumbai 400013. Tel: +91 22 2481 9000/9200,[email protected],www.eplglobal.com
	Regd. Office: P.O. Vasind, Taluka Shahapur, Thane 421604, Mahara;htraTel: +91 9673333971 CIN: L74950MH1982PLC028947
	STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS
	FOR THE QUARTER ENDED 30 JUNE 2022
				(Rs. in million, except per share data
Particulars			Quarter ended		Year ended
		30-Jun	31-Mar	30-Jun	31-Mar
		2022	2022	2021	2022
		Unaudited	/Refer note 31	Unaudifed	Audited
1	Income
a.	Revenue from operations	2,570	2,497	2,200	9,811
	b. Other income (Refer note 7)	242	241	281	1,232
	Total income	2 812	2 738	2 481	11 043

2	Expenses
a.	Cost of materials consumed	1,316	1,309	1,049	4,837
b.	Changes in inventories of finished goods and work-in-progress	(41)	(57)	(28)	(137)
c.	Employee benefits expense	332	301	286	1,236
d.	Finance costs	45	41	34	147
e.	- Depreciation and amortisation expense	194	177	204	776
f.	Other expenses	556	588	508	2,249"
	Total expenses	2,402	2,359	2,053	9,108
3	Profit before tax for the Period 11-2	410	379	428	1,935
4	Tax expense
i)	Current tax- current period	73	64	63	271
	- earlier period	-	(16)	(13)	(29)
ii\	Deferred tax charae / ( credit)	17\	114)	(14)	144'
	Total tax exoense	66	34	36	198
5	Net Profit after tax for the oariod /3-41	344	345	392	1 737
6	Other comprehensive income/ (loss)i) Items that will not be reclassified to profit or loss
	iil Income tax effect on above	(0)	2	(3)	(0)
	Other comprehensive income /Closs for the period (net of taxi	0	111	1	0
7	Total comprehensive income for the period 15+6\	/0l344	1	(2	IOI
8	Paid-up equity share capital (Face Value Rs. 2 each)	632	346632	390631	1 737632
9	Other equity				7,295
10	Earnings per share (EPS) (In Rs)A
	Basic	1.09	1.09	1.24	5.50
	Diluted	1.09	1.09	1.24	5.49
	("Quarterly fiqures are not annualised)

EPL LIMITED
(Formerly known as Essel Prepack Limited)
Corporate Office: Top Floor, Times Tower, Kamala City, Senapati Bapat Marg,
Lower Pare!, Mumbai 400013. Tel: +91222481 9000/9200,[email protected],www.eplglobal.com
Regd. Office: P.O. Vasind, Taluka Shahapur, Thane 421604, Maharashtra
Tel: +91 9673333971 GIN: L74950MH1982PLC028947
STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS

FOR THE QUARTER ENDED 30 JUNE 2022

Note 1: Additional disclosure as per Clause 52(4) and _Clause 54(2) of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulation, 2015 (as amended).

	Particulars	Quarter ended			Year ended
		j0.Jun	31-Mar	30-Jun	31-Mar
		2022	2022	2021	2022
	a) Net Worth (Rs in million)(Total equity less capital reserve)	7,911	7,528	7,347	7,528
	b) Net profit after tax (Rs in million)	344	345	392	1,737
c)	Basic earning per share (Not annualised)	1.09	1.09	1.24	5.50
	d) Diluted earning per share ·(Not annualised)	1.09	1.09	1.24	5.49
	e) Debt-Equity ratio (in times)(Total Borrowings/Total equity)	0.23	0.27	0.17	0.27
f)	Long'term Debt to Working Capital (in times)[(Non current borrowings + current maturities of long termborrowings)/(Current assets less current liabilities excluding currentmaturities of long term borrowings)]	0.76	0.81	0.53	0.81
	g) Total Debts to Total Assets ratio (in%)-(Total Borrowings/Total Assets)	15.23%	17.98%	12.27%	17.98%
	h) Debt service coverage ratio (in times)[Cash profit before finance costs (excluding IND AS 116 i_mpact)/{(Financecost (excluding IND AS 116 impact)+ Principal repayment of long termborrowing (excluding prepayment) during the period}]	3.09✓	7.86	17.75	13.26
i)	Interest service coverage ratio (in times)(Earning before finance costs and tax/ Finance costs )	10.11	10.24	13.62	14.16
j)	Current ratio (in times)(Current assets/current liabilities)	1.62	1.61	1.72	1.61
	k) Bad debts to accounts rec;eivable ratio (in%)(Bad debts/Average trade receivable)	0.09%	0.00%	0.10%	0.23%
I)	Current liability ratio (in % )(Current liabilities/Total liabilities)	64.19%	61.29%	62.61%	61.29%
	m) Debtors turnover (in times)(Revenue from operations of trailing twelve months /Average tradereceivable)	4.73	4.67	4.93	5.08
	n) Inventory turnover (in times)(Revenue from operations of trailing twelve months/Average inventory)	8.23	8.31	9.63	9.67
	o) Operating margin (in % )(Profit before depreciation and amortisation, interest and tax less otherIncome/Revenue from operations)	15.84%	14.26%	17.50%	16.57%
p)	Net profit margin (in%)(Profit after tax/ Revenue from operations)	13.39%	13.82%	17.82%	17.70%

The Company has outstanding redeemable non-convertible debentures having face value of Rs. 400 million being segregated in 2 series i.e. Rs. 200 million /Series 1-B\ and Rs. 200 million /Series 1-C), which are listed on BSE Limited. These debenturns are unsecured In nature.

	EPL LIMITED
	(Formerly known as Essel Propack Limited)Corporate Office: Top Floor, Times Tower, Kamala City, Senapati Bapat Marg,
	Lower Parel, Mumbai 400013. Tel: +91 22 2481 9000/9200, [email protected],www.eplglobal.com
	Regd. Office: P.O. Vasind, Taluka Shahapur, Thane 421604, MaharashtraTel: +91 9673333971 CIN: L74950MH1982PLC028947
	STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS
	FOR THE QUARTER ENDED 30 JUNE 2022
NOTES:
2	The above standalone unaudited financial results (the 'results') are prepared in accordance with the recognition and measurement principles laid downin Indian Accouritlng Standard 34 ('Ind AS 34') prescribed under section 133 of the Companies Act, 2013 and other accounting principles generallyaccepted in India and are in compliance with the presentation and disclosure requirements of Regulation 33 and Regulation 52 read with Regulation 6of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended). These results have been reviewed by the AuditCommittee and approved by the Board of Directors at their respective meetings held on 26 July 2022. The statutory al!dltors have carried out a limited.review of the above results for the quarter ended 30 June 2022.
3	Figures for the quarter ended 31 .March 2022 are the balancing figures between the audited figures in respect of full financial year ended 31 March2022 and the published year-to-date figures uplo the nine months perlod ended 31 December 2021, which were subjected to limited review by thestatutory auditors.
4	Amounts shown as 'O' in the results represent value less than Rupee one million.
	of the Company effective 1 February 2021. The Board of Directors of the Company and CSPL had approved the Scheme of amalgamation/merger of
6	CSPL with the Company under Section 230 to 232 of the Companies Act, 2013 and other applicable statutory provisions ('the Merger'). The Companyhad received no objection to the aforesaid scheme from National Stock Exchange of India Limited and BSE Limited pursuant lo the provisions ofRegulation 37 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The shareholders of the Company had approved theScheme with requisite majority in their meeting held on 5 January 2022, as per Directions of the National Company Law Tribunal, Mumbai Bench('NCL T). The Company has filed Petition with NCLT in relation to the Merger, pursuant to.applicable provision of the Companies Act, 2013. Theaforesaid scheme is subject to requisite approvals of NCL T and regulatory authorities, as applicable.The Company has incorporated a wholly owned subsidiary namely EPL Brasil L TOA on 25 May 2022 by subscribing to intial capital of Rs. 15 million.
7	Other )ncome Includes:
	Particulars		Quarter ended		Rs. In million

		30-Jun2022	31-Mar2022	30.Jun2021	31-Mar
	Dividend income received from wholl owned subsidiaries	229	222	261	20221,135
	Currency gain on redemption/reduction of preference shares held in asubsidiary				38
8	Pursuant to Employee Stock Option s·cheme 2020, the Company has granted 108,226 stock options during the quarter ended 30 June 2022.
9	The Company publishes standalone financial results along with the consolidated financial results. Accordingly, as per Ind AS 108 'OperatingSegments', no disclosures related to the segments are presented in these st	'-"=:.:,,:~	financial results. { ·.
Place:	Mumbai				For EPL Limited

EPL LIMITED

(Formerly known as Essel Propack Limited)

Corporate Office: Top Floor, Times Tower, Kamala City, Senapati Bapat Marg,

Lower Parel, Mumbai 400013, Tel: +91 22 2481 9000/9200, [email protected], www.eplglobal.com

Regd. Office: P.O . Vasind, Taluka Shahapur, Thane 421604, Maharashtra

Tel: +91 9673333971 CIN : L74950MH1982PLC028947

GLOBAL OPERATIONS

EXTRACT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS

FOR THE QUARTER ENDED 30 JUNE 2022

				(Rs in million, except per share data}
		Quarter	Quarter	Year ended
		ended	ended
	Particulars	30-Jun-2022	30-Jun -2021	31-Mar-2022
		Unaudited	Unaudited	Aud ited
	1 Total income	8,360	8,044	34,448
2	Profit before exceptional items and tax	502	791	2,888
3	Profit before tax for the period after exceptional items	491	791	2,888
4	Profit after tax for the period attributable to theowners of the ComPanv	334	579	2,144
5	Total comprehensive income attributable to owners ofthe Companv	256	947	2,417
6	Paid-up eq uity share capital (Face Va lue Rs 2/- each)	632	63 1	632
7	Other eq uity (exc luding Revaluation reserves)			17,613
8	Earnings per share (EPS) (in Rs. ) A
	Basic	1.06	1.83	6.79
	Diluted	1.06	1.83	6.77
	(A Quarterly fiqures are not annua li sed)

INDIA STANDALONE

EXTRACT OF STANDALON E UNAUDITED FINANCIAL RESULTS

	FOR THE QUARTER ENDED 30 JUNE 2022
				(Rs in million, except per share data)
		Quarter	Quarter	Year ended
		ended	ended
	Particulars	30- un-2 022	30-lun-2 021	31-Mar-2022
		Unaudited	Unaudited	Aud ited
1	Tota l income	2,812	2,481	11,043
2	Profit before excePtiona l items and tax	410	428	1,935
3	Profit/ (loss) for the period after exceptional items	410	428	1,935
4	Net Profit/ (loss} after tax for the period	344	392	1,737
5	Total comprehensive income/ (lossl fo r the Period	344	390	1,737
6	Paid-UP equity share capital (Face Va lue Rs 2/- each)	632	63 1	632
7	Other equity (exc ludinq Revaluation re serves )			7,295
8	Net Worth	7,911	7,347	7,528
9	Outstand ina Redeemable Preference Shares			-
	10 Debt Equity Ratio	0.23	0.17	0.27
	11 Earninqs per share (EPS) (in Rs.) A
	Basic	1.09	1.24	5.50
	Diluted	1.09	1.24	5.49
	( A Quarterly figures are not annuali sed)
	12 Capital Redemption Reserve	-	-	-
	13 Debenture Redemption Reserve	-	-	-
	14 Debt Servi ce Coverage Ratio (in times)	3.09	17.75	13.26
	15 Interest Service Coverage Ratio (in t imes)	10.11	13.62	14.16

NOTES:

1 The above unaudited financia l results have been rev iewed by the Audit Committee and approved by t he Board of Directors at their respective meetings held on 26 July 2022 .

2 Th e above is an extract of the detailed format of the st andalone and consolidated unaudited financial results for the quarter ended 30 June 2022 filed with stock exchange pursuant to Regulation 33 and Regulation 52 read with Regu lation 63 of the SEBI (Li stin g Obligations and Disclosure Requirements) Regulations, 2015 (as amended).

3 The full format of the standalone and consolidated unaudited fin ancial results for the quarter ended 30 June 2022 are avai lable on t he Stock Exchange websites (www.bseindia .com and www.nseindia.com) and on the Compa ny's website (www.eplgloba l.com).

4 For the other li ne items referred in regu lation 52( 4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, pertinent disclosu res have been mad to the Stock Exchanges and are available on the Stock Exchange websites (www.bseindia.com and VI ivw.nseindia.com) and on the Company' s website (www.eplgloba l.com). -

e'-,I-Mumbai)., -4kA j)'---*anaging Directo and Chief Executii?fi cerPlace: MumbaiDIN: 0Date : 26 July 2022	•dAnand Kr1 t324
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e '-, ' **•d** IMumbai ) ..4kA j) -.. ., .. - ~ Anand Kr

AI assistant

EPL LIMITED Interim / Quarterly Report 2023

60801_rns_2022-07-26_11d5d832-87c4-4b46-a098-8019086b7b6b.pdf

Ref.: EPL Limited

To the Board of Directors of EPL Limited (formerly, Essel Propack Limited)

EPL Limited (formerly, Essel Propack Limited)

EPL Limited (formerly, Essel Propack Limited) Independent Auditor's Review Report on Consolidated Unaudited Quarterly Financial Results of the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)