Euro Panel Products Limited has received approval from its Board to incorporate a new subsidiary company in India, a strategic move aimed at supporting its growth and expansion plans. The company intends to subscribe to the share capital of the proposed entity and hold a majority stake, ensuring control over the new venture. This decision underscores the company's commitment to scaling its operations through structured business activities aligned with its long-term objectives.

The proposed subsidiary will focus on carrying out business activities that complement Euro Panel Products Limited's existing operations. The incorporation is subject to the approval of the entity's name by the Registrar of Companies. Once the name is secured, the company will proceed with the formal registration process.

Key Details of the Proposal

Further details regarding the subsidiary, including its specific business scope and financial structure, will be disclosed upon its successful incorporation. The company has committed to providing these updates in accordance with the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The intimation was submitted to the National Stock Exchange of India Limited and BSE Limited on June 08, 2026. Rajesh Nanalal Shah, Chairman and Managing Director, signed the disclosure on behalf of Euro Panel Products Limited.

Euro Panel Products reported a 47.6% increase in standalone net profit to ₹2,719.72 lakh for the financial year ended March 31, 2026, compared to ₹1,843.07 lakh in the previous year. Revenue from operations rose to ₹50,393.24 lakh from ₹42,318.55 lakh in FY25. The board approved the audited standalone and consolidated financial results at its meeting held on May 22, 2026. The statutory auditor provided an unmodified opinion on the financial statements. In a subsequent disclosure, the company informed the exchanges that Mr. Vaibhav Chetan Shah resigned as Non-Executive Independent Director effective May 26, 2026, due to other professional commitments.

Financial Performance

For the quarter ended March 31, 2026, standalone net profit stood at ₹880.71 lakh, while revenue from operations was ₹14,104.14 lakh. On a consolidated basis, net profit for FY26 was ₹2,656.45 lakh, up from ₹1,843.07 lakh in the prior year. Total consolidated income for the year reached ₹50,497.18 lakh. The basic earnings per share (EPS) increased to ₹11.10 on a standalone basis and ₹10.84 on a consolidated basis.

The table below summarizes the key standalone financial metrics for the year ended March 31, 2026:

Board Decisions and Appointments

The board approved the re-appointment of M/s. Vipul M. Shah & Associates as Internal Auditors and M/s. Ritesh Jayswal & Associates as Cost Auditors for FY27. In leadership changes, the board approved the re-appointment of Mr. Rajesh Nanalal Shah as Managing Director and Mr. Divyam Rajesh Shah as Whole-time Director, each for a term of 5 years subject to shareholder approval. The company incorporated a new subsidiary, Euro Sealant Private Limited, in Tamil Nadu with a 51% stake. Ms. Daisy Dsouza resigned as an Independent Director effective May 22, 2026. Mr. Vaibhav Chetan Shah (DIN: 09759573) resigned as Non-Executive Independent Director effective May 26, 2026, and ceased to be a member of various committees.

Trading Window Update

The trading window for designated insiders, which closed on April 1, 2026, will reopen on May 24, 2026, following the declaration of financial results.