Euro Panel Products Limited has informed the Exchange about change in Management

Kmp ResignedManagement Changes View source PDF

EUROBOND · price

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+1.7%1-day move

₹181.00

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₹190.00

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AI summary

Euro Panel Products reported strong FY2026 results with standalone revenue of Rs 5,039 crore (up 19% YoY) and PAT of Rs 272 crore (up 47.5% YoY), with an unmodified audit opinion. The Board approved re-appointment of MD Mr. Rajesh Nanalal Shah and Whole-time Director Mr. Divyam Rajesh Shah for 5-year terms, subject to shareholder approval. Ms. Daisy Dsouza resigned as Independent Director. The company also incorporated a new subsidiary Euro Sealant Private Limited (51% stake) in Tamil Nadu. Internal and cost auditors were reappointed for FY2026-27.

Likely market impact

The resignation of an independent director could raise governance concerns, though continuity in leadership (MD and WTD re-appointments) provides stability. Strong financial growth with near 50% PAT increase is positive for shareholders.