Outcome of the Board Meeting dated May 22, 2026 Resignation of Non Executive Independent Director Ms. Daisy Dsouza
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Euro Panel Products Ltd reported strong FY2026 results with standalone revenue of Rs 50,393.24 lakhs, up 19% from Rs 42,318.55 lakhs in FY2025. Net profit jumped 47.6% to Rs 2,719.72 lakhs from Rs 1,843.07 lakhs, with EPS at Rs 11.10 versus Rs 7.52 previously. The board approved re-appointment of Mr. Rajesh Nanalal Shah as Managing Director and Mr. Divyam Rajesh Shah as Whole-time Director for 5-year terms, both subject to shareholder approval. Ms. Daisy Dsouza resigned as Independent Director. The company incorporated a new subsidiary, Euro Sealant Private Limited (51% stake) in Tamil Nadu, and reappointed its internal and cost auditors for FY2026-27.
Strong financial performance with nearly 48% profit growth is positive for shareholders. The resignation of an independent director raises minor governance concerns, though the board appears stable with key management reappointed.