Lunolux declares non-encumbrance of Eureka Forbes shares for FY26

Lunolux Limited, the promoter of eureka forbes , has filed a declaration with the stock exchanges confirming the non-encumbrance of shares. The disclosure, submitted under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, covers the financial year ended March 31, 2026.

The company stated that neither it nor any persons acting in concert with it have encumbered any shares of Eureka Forbes Limited, either directly or indirectly. This assurance excludes any encumbrances that were already declared during the specified financial year.

Declaration Details

The formal declaration was addressed to the Department of Corporate Services at BSE Limited and the Listing Department at the National Stock Exchange of India Limited. It was signed by Christodoulos Patsalides, Director of Lunolux Limited, on April 3, 2026.

Parameter	Details
Regulation	Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Promoter	Lunolux Limited
Target Company	Eureka Forbes Limited
Financial Year	Year ended March 31, 2026
Status of Shares	Not encumbered (other than those already declared)

The filing serves as a compliance update regarding the holding status of the promoter group in Eureka Forbes Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.90%	-9.14%	-6.66%	-17.96%	-25.14%	-7.28%

Eureka Forbes has outlined an ambitious five-year financial roadmap, targeting more than double its revenue and more than triple its EBITDA by FY30. The company has set a revenue target of ₹5,400-5,600 crore and an EBITDA target of ₹800-850 crore by FY30, alongside a meaningful improvement in profitability margins.

Five-Year Financial Targets

The company's growth aspirations reflect a significant step-up from its current financial performance. Eureka Forbes is targeting an EBITDA margin of 15% by FY30, compared to 11.7% reported in FY25, indicating a planned improvement of approximately 330 basis points in operating profitability over the period. The following table summarises the key financial targets:

Metric:	FY25	FY30 Target
Revenue:	—	₹5,400-5,600 crore
EBITDA:	—	₹800-850 crore
EBITDA Margin:	11.7%	15%

Growth Ambitions At A Glance

The targets set by Eureka Forbes underscore a strategic focus on both top-line expansion and bottom-line improvement. The company aims to deliver over 2x revenue growth and more than 3x EBITDA growth relative to its FY25 base by the end of FY30. The planned margin expansion from 11.7% to 15% suggests the company intends to improve operational efficiency alongside scaling its revenues over the five-year horizon.