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.

Euro panel products Limited has announced the incorporation of a new subsidiary company in Tamil Nadu, marking a strategic expansion in the chemicals and allied products sector. The company informed stock exchanges about this development under Regulation 30 of SEBI regulations on April 29, 2026.

Subsidiary Incorporation Details

The newly formed subsidiary, Euro Sealant Private Limited, was incorporated on April 28, 2026, in the State of Tamil Nadu. Euro Panel Products Limited has acquired majority control by subscribing to 51% of the share capital, making it an official subsidiary of the parent company.

Business Focus and Objectives

The subsidiary will operate in the chemicals, adhesives, sealants and allied polymer products industry. The primary business objectives include manufacturing, processing, trading and dealing in chemicals, sealants, adhesives, polymers and allied products. This expansion represents the company's commitment to diversifying its product portfolio in specialty chemicals.

Corporate Structure and Governance

The incorporation involves minimal related party transactions, with Mr. Divyam Rajesh Shah, a Director of Euro Panel Products Limited, being appointed as a Director in the new subsidiary. Apart from this directorship, the promoter group and group companies do not have any other interests in the newly formed entity.

Strategic Implications

This subsidiary formation represents Euro Panel Products Limited's commitment to expanding its presence in the specialty chemicals sector. The new entity will focus on manufacturing and trading activities that complement the parent company's existing business operations, potentially creating synergies in product development and market reach. The incorporation was completed without requiring additional governmental or regulatory approvals, indicating a straightforward expansion process.