Euro Pratik Sales Limited has informed the Exchange regarding Outcome of Board Meeting held on March 23, 2026.
EUROPRATIK · price
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Euro Pratik Sales Limited's Board, at its meeting on March 23, 2026, approved acquiring a 51% controlling stake in Chawla Brothers, a partnership firm based in Jalandhar and Ludhiana, for a total cash investment of Rs. 32.20 crore. Chawla Brothers operates in wall panels, laminates, veneer, plywood, and surface decorative products, with FY25 turnover of Rs. 49.50 crore (up from Rs. 45.53 crore in FY24 and Rs. 42.70 crore in FY23). The acquisition aims to boost Euro Pratik's North India presence and brand visibility, and is targeted for completion by March 31, 2026. Separately, the Board declared an interim dividend of Rs. 0.20 per equity share (20% on face value of Rs. 1) for FY25-26, with March 27, 2026 set as the record date and payment scheduled between March 28 and April 20, 2026.
For shareholders, the acquisition should expand Euro Pratik's footprint in North India and add incremental revenue from Chawla Brothers' Rs. 49.50 crore turnover base, while the Rs. 0.20 interim dividend provides a modest near-term cash return. The deal is small relative to the target's earnings and is fully cash-funded, so the stock may react positively if investors view the North India expansion as a meaningful growth lever.