Euro Pratik Sales Limited's board of directors approved the acquisition of a 51% stake in Chawla Brothers for ₹32.20 crore and declared an interim dividend of ₹0.20 per equity share during its meeting held on March 23, 2026. The strategic acquisition is expected to enhance regional presence and boost brand visibility in North India's decorative surfaces market.

Board Meeting Outcomes and Regulatory Compliance

The board meeting, conducted from 8:30 AM to 8:45 AM on March 23, 2026, addressed key strategic and financial matters under Regulation 30 and 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary Shruti Kuldeep Shukla submitted the official notifications to both BSE and NSE with comprehensive annexures detailing the acquisition parameters.

Chawla Brothers Acquisition Details

The board approved the acquisition of a controlling 51% stake in Chawla Brothers, a partnership firm established on April 1, 1979, for a total cash consideration of ₹32.20 crore. The target entity operates in wholesale and retail business segments dealing with wall panels, laminates, veneer, plywood, and other decorative surface products, with particular strength in Punjab markets including Jalandhar and Ludhiana regions.

Target Company Financial Performance

Chawla Brothers demonstrates consistent revenue growth across the last three financial years, with turnover reaching ₹49.50 crore in FY 2024-25. The partnership firm operates primarily in India with established presence in decorative surfaces and interior solutions markets, particularly in Punjab region.

Interim Dividend Declaration

The board declared an interim dividend of ₹0.20 per equity share (20% of paid-up share capital) for FY 2025-26, with Friday, March 27, 2026, set as the record date for determining eligible shareholders. The dividend payment will be processed between March 28, 2026, and April 20, 2026.

Strategic Impact and Market Positioning

The acquisition aligns with Euro Pratik's expansion strategy to enhance regional presence and boost brand visibility in Punjab and broader North India markets. The transaction does not involve related party considerations and requires no governmental or regulatory approvals beyond standard compliance procedures. This strategic move will enable deeper penetration in North India for the company's decorative surface products portfolio.

Euro Pratik Sales Limited has notified the National Stock Exchange of India Limited (NSE) and BSE Limited about the update of its Corporate Identification Number following its recent stock exchange listing. The company disclosed this information under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015.

CIN and Listing Status Update

The company's CIN has been officially changed from U74110MH2010PLC199072 to L74110MH2010PLC199072 in the Ministry of Corporate Affairs (MCA) master data. Simultaneously, the listing status has been updated from 'No' to 'Yes', reflecting the company's new status as a listed entity on both NSE and BSE.

Company Financial Structure

According to the MCA records dated February 27, 2026, Euro Pratik Sales Limited maintains a robust capital structure:

Corporate Governance and Leadership

The company's board includes both promoter and independent directors. Key leadership positions are held by:

• Pratik Gunvantraj Singhvi - Managing Director (Promoter)
• Jai Gunvantraj Singhvi - Whole-time Director and CFO (Promoter)
• Abhinav Sacheti - Whole-time Director (Professional)
• Shruti Kuldeep Shukla - Company Secretary

The board also includes three independent directors: Priya Abhishek Jain, Mahendra Kachhara, and Manish Kailash Chandra Ramuka.

Regulatory Compliance

The company maintains active compliance status with regulatory authorities and is classified as a non-government public company limited by shares. Euro Pratik Sales Limited is registered with ROC Mumbai I and operates from its registered address at Peninsula Heights, Andheri (West), Mumbai.

The formal notification was signed by Jai Gunvantraj Singhvi, Executive Director and CFO, and submitted to both stock exchanges requesting them to update their records accordingly.