Outcome of Board Meeting dated May 22, 2026.
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Euro Panel Products Ltd reported strong FY26 results with standalone revenue from operations growing 19.1% to Rs 50,393.24 lakhs from Rs 42,318.55 lakhs in FY25. Profit after tax surged 47.6% to Rs 2,719.72 lakhs from Rs 1,843.07 lakhs, while EPS improved from Rs 7.52 to Rs 11.10. The auditors issued an unmodified opinion on the financial statements. Key business updates include re-appointment of the Managing Director and Whole-time Director for 5-year terms, incorporation of a new subsidiary Euro Sealant Private Limited (51% stake) in Tamil Nadu, and resignation of Ms. Daisy Dsouza as Independent Director. The company also recognized Rs 51.97 lakhs incremental gratuity expense due to new labour codes.
Strong bottom-line growth with PAT up 47.6% is positive for shareholders, though negative operating cash flow of Rs 324.28 lakhs (vs positive Rs 941.32 lakhs in FY25) raises concerns about cash conversion despite healthy profitability.