Euro Panel Products Limited has announced the incorporation of a new subsidiary company in India, following approval from its Board of Directors. The decision was made during a board meeting held on March 21, 2026, at the company's registered office.

Board Meeting Details

The Board of Directors convened on Saturday, March 21, 2026, at 10:30 a.m. at the registered office of the company. The meeting concluded at 11:00 a.m. the same day, during which the incorporation of the subsidiary company was formally approved.

Subsidiary Investment Strategy

The company has outlined its investment approach for the proposed subsidiary. Euro Panel Products Limited plans to invest in the share capital of the new entity and will hold a majority stake, ensuring control over the subsidiary's operations and strategic direction.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The subsidiary's final name will be determined after receiving approval from the Registrar of Companies under the Ministry of Corporate Affairs.

Management Authorization

The announcement was signed by Rajesh Nanalal Shah, Managing Director of Euro Panel Products Limited (DIN: 02038392), confirming the board's decision and ensuring proper regulatory disclosure to the stock exchanges.

Euro Panel Products Limited has announced the opening of its flagship Experience Centre in Kirti Nagar, New Delhi, representing a strategic shift from traditional desk catalogues to immersive retail experiences in the architectural cladding industry. The facility is designed to provide industry professionals with hands-on access to premium architectural materials, supported by material experts to guide decision-making processes.

Strategic Market Positioning

The Delhi Experience Centre represents a major strategic milestone for the company's regional expansion, specifically positioned to address shifts in NCR's architectural landscape and trends towards climatic sensitivities. The facility showcases Eurobond's famed Louvers & Fins, a dynamic product designed to capitalize on environmental elements like sun, wind, and rain while facilitating naturalized ventilation.

Product Portfolio and Innovation

The centre houses full sheet specimens of best-selling products, allowing professionals to observe patterns, texture, and material behaviour in light and shade. Key innovations on display include:

• EURODUAL: Engineered solid panel offering distinct dual-face capability
• Midas Touch range: Features unique gold-toned streaks for high-end aesthetics
• 100% recyclable ACP: Sustainable materials for end-of-lifecycle environmental responsibility

The facility enables users to examine structural integrity, colour consistency, and tactile finishes of panels in person, transitioning from traditional catalogues to direct material evaluation.

Leadership Perspective

Mr. Divyam Shah, Whole Time Director and CFO at Euro Panel Products Limited, emphasized the strategic significance: "The Delhi Experience Centre represents a major strategic milestone in Eurobond's growth story. As India's only listed metal composite panel brand, we are aggressively expanding our footprint from the factory floor to premium, experiential retail."

Quality Assurance and Project Portfolio

The materials presented are tested in the company's in-house lab certified by NABL across 16 parameters for colour and coil testing, making Eurobond the industry's only ACP brand to possess NABL accreditation for this testing. Current major project installations include:

Expansion Strategy and Financial Targets

The Delhi launch serves as the catalyst for a broader national retail strategy. The company has outlined ambitious growth plans:

Company Background

Eurobond operates as the flagship brand of Euro Panel Products Limited, established in 2002 as among the first to introduce ACP to India. The company operates a state-of-the-art factory in Umbergaon, Gujarat, with an annual capacity of 10 million m². Recognized as a One-Star Export House, Eurobond maintains a global presence in over 20 countries. In 2025, Euro Panel Products Limited became the first Indian ACP company to be listed on the mainboards of the NSE and BSE.