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.

Euro panel products Limited has submitted its quarterly compliance certificate to stock exchanges, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The certificate pertains to the quarter ended March 31, 2026, and was formally communicated to both National Stock Exchange of India Limited and BSE Limited on April 09, 2026.

Regulatory Compliance Details

The certificate was issued pursuant to Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. MUFG Intime India Private Limited, serving as the company's Registrar and Share Transfer Agent, issued the certificate dated April 03, 2026.

Certificate Confirmation

MUFG Intime India Private Limited confirmed several key compliance aspects in their certificate:

• Securities received from depository participants for dematerialisation during the quarter were properly confirmed to depositories
• All securities comprised in certificates have been listed on stock exchanges where earlier issued securities are listed
• Security certificates received for dematerialisation were confirmed or rejected within prescribed timelines
• Security certificates were mutilated and cancelled after due verification by depository participants
• Depository names were substituted in the register of members as registered owners

Corporate Communication

The submission was signed by Rajesh Nanalal Shah, Managing Director with DIN: 02038392. The communication was digitally signed and formally addressed to the listing departments of both stock exchanges. Ashok Shetty, Sr. Vice President-Corporate Registry at MUFG Intime India Private Limited, signed the certificate on behalf of the RTA.

About MUFG Intime India Private Limited

MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, serves as the Registrar and Share Transfer Agent for Euro Panel Products Limited. The company operates with CIN: U67190MH1999PTC118368 and maintains its registered address at C-101, Embassy 247, L.B.S. Marg, Vikhroli (West), Mumbai - 400083.