Press Release titled "Euro Panel Products Marks 25th Year with adjacent diversification, incorporating a sealant subsidiary - Euro Sealant Private Limited."
EUROBOND · price
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Euro Panel Products Limited (Eurobond) has formally incorporated Euro Sealant Private Limited as a majority-owned subsidiary, marking its expansion from aluminium composite panels into the sealants market. The India sealants market was valued at INR 3,232 crore in 2025 and is projected to reach INR 4,936 crore by 2031, growing at a CAGR of 7.31%. The new subsidiary will produce professional-grade silicone sealants for construction applications including glass, metal, brick, and concrete. The company notes this is a natural adjacency to its core facade materials business, leveraging existing customer relationships and channel partners. The transaction was completed on April 29, 2026, and notified to NSE and BSE under SEBI Regulation 30.
This diversification into a growing market segment (INR 4,936 crore by 2031) could expand Eurobond's revenue base and cross-selling opportunities, though the financial contribution from the new subsidiary remains to be seen.