Euro Panel Products Limited has informed the Exchange regarding Resignation of Mrs Daisy Dsouza as Non- Executive Independent Director of the company w.e.f. May 22, 2026.
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Euro Panel Products Limited (Eurobond) held its Board Meeting on May 22, 2026, approving multiple business items. The company reported strong FY2026 standalone profit of Rs 2,719.72 lakhs, up 47.5% from Rs 1,843.07 lakhs in FY2025, with standalone revenue from operations at Rs 50,393.24 lakhs (up 19% YoY). EPS improved to Rs 11.10 from Rs 7.52. The Board approved re-appointment of Mr. Rajesh Nanalal Shah as Managing Director and Mr. Divyam Rajesh Shah as Whole-time Director for 5 years each, subject to shareholder approval. Ms. Daisy Dsouza resigned as Non-Executive Independent Director effective May 22, 2026. The company also incorporated a new subsidiary, Euro Sealant Private Limited (51% stake) in Tamil Nadu, and reappointed its internal and cost auditors for FY2026-27.
The resignation of the Independent Director raises governance concerns as it reduces board independence. However, strong financial results with 47% profit growth and family re-appointments indicate continuity in leadership. The new subsidiary acquisition may expand business operations.