Euro Pratik Sales conducts 17th AGM via video conferencing
- Euro Pratik Sales Limited held its 17th AGM on September 22, 2026 via video conferencing, with 33 members attending
- 11 agenda items were transacted, including adoption of audited financial statements for the financial year ended March 31, 2026 and noting of interim dividend payment
- Six related-party transaction approvals were passed for subsidiaries including URO Veneer World LLP, Hues Ply Décor LLP, Europratik Intex LLP, Euro Pratik Trade-FZCO, Euro Pratik C Corp INC, and Chawla Brothers
- Secretarial audit flagged two compliance gaps: record date intimation given 2 days in advance instead of 3, and delay in filing certain e-forms with the Registrar of Companies
- Mr. Manish Sacheti was appointed as Non-Executive Independent Director via Special Resolution
*this image is generated using AI for illustrative purposes only.
Euro Pratik Sales Limited held its 17th Annual General Meeting on September 22, 2026 at 3:00 pm through video conferencing and other audio visual means, with 33 members attending.
The meeting, convened per the notice dated August 10, 2026, commenced at 3:00 pm and concluded at 3:42 pm. Company Secretary and Compliance Officer Shruti Shukla welcomed attendees and handed proceedings to Managing Director Pratik Singhvi, who chaired the meeting. The registered office at 601-602, Peninsula Heights, C D Barfiwala Lane, Andheri West, Mumbai 400058 was deemed the venue for the AGM.
Directors and key managerial personnel present
The following directors and key managerial personnel attended the meeting through video conferencing:
| Name | Designation |
|---|---|
| Mr. Pratik Gunvantraj Singhvi | Managing Director, Chairman of Risk Management Committee, Member of Corporate Social Responsibility Committee |
| Mr. Jai Gunvantraj Singhvi | Executive Director and Chief Finance Officer, Member of Audit Committee, Stakeholders' Relationship Committee, Risk Management Committee, Chairman of Corporate Social Responsibility Committee |
| Mr. Abhinav Sacheti | Whole-Time Director |
| Mr. Manish Ramuka | Non-Executive Independent Director, Chairman of Audit Committee, Member of Nomination and Remuneration Committee, Stakeholders' Relationship Committee, Risk Management Committee and Corporate Social Responsibility Committee |
| Mr. Mahendra Kachhara | Non-Executive Independent Director, Member of Audit Committee and Nomination and Remuneration Committee |
| Mrs. Priya Jain | Non-Executive Independent Director, Member of Stakeholders' Relationship Committee and Nomination and Remuneration Committee |
| Mr. Manish Sacheti | Non-Executive Independent Director |
| Mrs. Shruti Shukla | Company Secretary and Compliance Officer |
Other representatives present included Ronak Gandhi from M/s. Monika Jain & Co., Chartered Accountants (Joint Statutory Auditors); Kreena Shah from M/s. CNK & Associates, Chartered Accountants (Joint Statutory Auditors); and CS Manish Baldeva, Proprietor of M/s. M Baldeva Associates, Company Secretaries, who also served as Scrutinizer for the meeting.
Agenda items transacted
The following 11 items of business were transacted at the meeting:
| Item no. | Agenda item | Resolution type |
|---|---|---|
| 1 | Adoption of standalone and consolidated audited financial statements for the financial year ended March 31, 2026 | Ordinary Resolution |
| 2 | Taking note of payment of interim dividend for the financial year ended March 31, 2026 | Ordinary Resolution |
| 3 | Re-appointment of Mr. Jai Gunvantraj Singhvi (DIN: 00408876), who retired by rotation | Ordinary Resolution |
| 4 | Approval for transactions with URO Veneer World LLP, subsidiary and related party, for purchase of goods and materials | Ordinary Resolution |
| 5 | Approval for transactions with Hues Ply Décor LLP, subsidiary and related party, for purchase of goods and materials | Ordinary Resolution |
| 6 | Approval for transactions with Europratik Intex LLP, subsidiary and related party, for purchase of goods and materials | Ordinary Resolution |
| 7 | Approval for transactions with Euro Pratik Trade-FZCO, subsidiary and related party, for purchase of goods and materials | Ordinary Resolution |
| 8 | Approval for transactions with Euro Pratik C Corp INC, subsidiary and related party, for purchase of goods and materials | Ordinary Resolution |
| 9 | Approval for transactions with Chawla Brothers, an entity in which the company has substantial interest and control, a related party, for purchase of goods and materials | Ordinary Resolution |
| 10 | Appointment of M/s. M Baldeva Associates, Company Secretaries, Mumbai as Secretarial Auditors | Ordinary Resolution |
| 11 | Appointment of Mr. Manish Sacheti as Non-Executive Independent Director | Special Resolution |
Secretarial audit observations
The Chairman drew members' attention to observations noted in the Secretarial Auditors' report. The company had generally complied with applicable provisions, except for two instances: the intimation of record date for the March 27, 2026 record date for interim dividend payment was given 2 days in advance instead of the required minimum of 3 days under Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015; and delay in filing of some e-forms with the Registrar of Companies, Mumbai. The Board of Directors' explanation on these observations was provided at page 101 of the Annual Report. The Statutory Auditors' reports did not contain any qualifications, reservations, adverse remarks, or disclaimers.
E-voting and results
Remote e-voting was available to members from September 19, 2026 (9:00 am) to September 21, 2026 (5:00 pm), facilitated by MUFG Intime India Private Limited. Members present at the AGM who had not cast votes through remote e-voting were provided an opportunity to vote during the meeting, with the facility remaining open for 15 minutes after the meeting's conclusion. The consolidated results of remote e-voting and e-voting during the AGM were to be declared within 2 working days of the conclusion of the 17th AGM and communicated to BSE Limited and National Stock Exchange of India Limited.
Historical Stock Returns for Euro Pratik Sales
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.14% | -8.13% | -16.04% | +2.94% | -11.04% | -11.04% |
How will the approval of related-party transactions with five subsidiaries, including Euro Pratik Trade-FZCO and Euro Pratik C Corp INC, impact the company's consolidated revenue growth in FY27?
What corrective measures has Euro Pratik Sales implemented to prevent future SEBI compliance lapses regarding record date intimations and ROC filing delays?
Will the re-appointment of Executive Director Jai Gunvantraj Singhvi lead to any strategic shifts in the company's capital allocation or dividend policy for the upcoming fiscal year?
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