Euro Panel Products Limited's board of directors has approved a loan facility of QAR 500,000 to its wholly owned subsidiary in Qatar during a board meeting held on January 06, 2026. The meeting commenced at 6:15 p.m. and concluded at 6:45 p.m. on the same day.

Loan Agreement Details

The loan agreement has been executed between Euro Panel Products Limited as the lender and Euro Panel Products Trading WLL, the company's wholly owned subsidiary in Qatar, as the borrower. The facility amount will support the subsidiary's working capital requirements, capital expenditures, and other lawful corporate purposes consistent with its business operations in Qatar.

Terms and Conditions

The loan carries an interest rate of 8.5% per annum, calculated based on the actual number of days elapsed over a 365-day year. The facility is structured as an unsecured loan with no security provided by the borrower. The agreement allows for repayment on demand by the lender, with a maximum tenor of one year from the effective date.

Related Party Transaction

The transaction qualifies as a related party transaction since Euro Panel Products Trading WLL is a wholly owned subsidiary of the company. The board has confirmed that the transaction is conducted at arm's length in compliance with regulatory requirements.

Regulatory Compliance and Documentation

The disclosure has been made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided comprehensive details as required under the SEBI Master Circular dated November 11, 2024, including the nature of the agreement, parties involved, and significant terms of the loan facility.

Managing Director Rajesh Nanalal Shah signed the board resolution and regulatory filings on behalf of the company. The formal notifications have been submitted to both NSE and BSE, with detailed annexures providing complete transaction particulars as mandated by regulatory requirements.

The agreement does not contain provisions for appointing directors, first right to share subscription, or restrictions on capital structure changes. The company has confirmed that promoters have no interest in the transaction beyond the subsidiary relationship.

Euro Panel Products Limited has announced strong financial results for the second quarter, showcasing significant growth across key metrics.

Financial Highlights

The company's performance for Q2 demonstrates substantial year-over-year improvements:

Key Takeaways

1. Profit Surge: Euro Panel Products witnessed a remarkable 47% increase in net profit, rising to ₹66.00 crore from ₹45.00 crore in the same quarter of the previous year.

2. Revenue Growth: The company's revenue showed strong growth, reaching ₹130.00 crore, up from ₹99.40 crore in the corresponding period last year, marking a 31% increase.

3. EBITDA Performance: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a significant boost, climbing to ₹14.90 crore from ₹9.40 crore, representing a 59% year-over-year increase.

4. Margin Improvement: The EBITDA margin expanded by 205 basis points, reaching 11.45% compared to 9.40% in the same quarter of the previous year, indicating enhanced operational efficiency.

Corporate Governance

As per the latest LODR (Listing Obligations and Disclosure Requirements) data, Euro Panel Products Limited held its Board Meeting on November 11, where the unaudited financial statements for the quarter and half-year ended September 30 were approved. The company has demonstrated compliance with regulatory requirements by closing its trading window for insiders from October 1, which will reopen 48 hours after the declaration of financial results.

The robust financial performance of Euro Panel Products Limited in Q2 reflects the company's strong market position and effective operational strategies. The significant improvements across revenue, profitability, and operational efficiency metrics indicate a positive trajectory for the company in the current fiscal year.