Euro Panel Products has incorporated a new subsidiary, Eurobond Dimensions Private Limited, effective July 15, 2026, to expand its manufacturing capabilities in the aluminium and allied metal products sector. The company has subscribed to 70% of the share capital of the newly formed entity, thereby making it a subsidiary. This strategic acquisition is expected to create operational synergies and strengthen the company's market presence.

The subsidiary was incorporated in the State of Maharashtra with a capital of ₹25,00,000. Eurobond Dimensions Private Limited will engage in the manufacturing, processing, fabricating, assembling, altering, converting, and designing of Aluminium Composite Panels (ACP), aluminium sheets, coils, and allied metal products. The business of the new entity is complementary to Euro Panel Products' existing operations and falls within its main line of business.

The initial subscription to the share capital was made through cash consideration at face value. The transaction does not fall within the purview of related party transactions, although two directors of Euro Panel Products, Rajesh Nanalal Shah and Divyam Rajesh Shah, have been appointed as directors in the subsidiary. No specific governmental or regulatory approvals were required for the incorporation.

The details of the incorporation were submitted to the National Stock Exchange of India Limited and BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was made by Rajesh Nanalal Shah, Managing Director of Euro Panel Products.

Key Details of Eurobond Dimensions Private Limited

The incorporation of Eurobond Dimensions Private Limited marks a significant step in Euro Panel Products' growth strategy, aimed at enhancing its manufacturing footprint and product offerings in the aluminium sector.

Euro Panel Products Limited has secured India's most expansive certification from the National Accreditation Board for Testing and Calibration Laboratories (NABL), becoming the only Aluminium Composite Panel (ACP) brand in the country to hold accreditation for 51 testing parameters. The company officially broadened its in-house testing laboratory's scope from the initial 16 parameters to 51 parameters across mechanical and chemical testing. This milestone equips the EUROBOND lab to independently test the mechanical and chemical parameters of coil, coating, core, ACP, and Metal Composite Panels (MCP).

The NABL accreditation ensures the laboratory conducts critical tests exactly as specified by international standards such as IS, ASTM, AAMA, and EN. Evaluating products against these benchmarks is essential to support the 10 to 20 year warranties required for exterior exposure. Securing this certification demands strict verification of all lab equipment, highly specialized staff competence, and absolute process integrity. This high standard is continuously enforced through strict compliance with ISO/IEC 17025 standards, necessitating all technical assessments, internal audits, and quality documents to be retained for a mandatory minimum period of 3 years.

NABL is a full member and signatory to the International Laboratory Accreditation Cooperation (ILAC) and Asia Pacific Accreditation Cooperation (APAC) Mutual Recognition Arrangements (MRA). This global framework ensures that EUROBOND's test and calibration results are recognized and accepted across international borders. Every test report issued by the in-house lab now carries the official NABL logo, detailing the precise test methods, standards referenced, and verified results.

Mr Divyam Shah, Whole Time Director and CFO of Euro Panel Products Limited, stated that the accreditation makes trust and transparency measurable. He emphasized that in an industry where claims are easy to make and hard to verify, the company wanted its words backed by proof rather than promises. He noted that the internationally recognized benchmark allows any customer, architect, or consultant to verify the data independently.

This advanced certification builds upon the company's robust quality control foundation. EUROBOND is the only Indian ACP brand to receive NABL accreditation for testing parameters specific to Aluminium Honeycomb Panels. The company maintains an extensive portfolio of certifications, including BIS certification, TÜV ISO 9001-2015, ISO 9001:2015 Quality Management System, NFPA 285, Certifire, and Thomas Bell Wright certification.