Euro Pratik Sales Limited has informed the Exchange regarding a press release dated March 23, 2026, titled "Acquisition of Chawla Brothers".
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Euro Pratik Sales Limited has announced the acquisition of a 51% stake in Chawla Brothers, a North India-based decorative surfaces business, for ₹33.2 crore (including ₹4.1 crore capital infusion). The deal is expected to close by March 31, 2026, and will be funded entirely through internal accruals, highlighting the company's net debt-free balance sheet. This marks the company's second strategic acquisition in four months, following the takeover of URO Veneer World in South India, as it builds a pan-India presence. Chawla Brothers, founded in 1978, brings over 450 dealers across Punjab, Haryana, J&K, and Himachal Pradesh, and is projected to generate ₹80 crore in revenue in FY27. The acquisition aims to strengthen Euro Pratik's distribution platform and accelerate product penetration in underpenetrated northern markets.
The acquisition is expected to be revenue-accretive and expand Euro Pratik's geographic footprint, which could be viewed positively by investors. Since it is being funded through internal accruals without leveraging the balance sheet, there is no immediate dilution or debt risk for shareholders.