Euro Panel Products Approves Financial Results, Reappointments, and Subsidiary Formation

Euro Panel Products Approves Financial Results, Reappointments, and Subsidiary Formation​

Euro Panel Products Limited held its Board of Directors meeting on May 22, 2026, where the board approved the company's audited financial results for the quarter and full financial year ended March 31, 2026. Additionally, the board reviewed and approved several key corporate actions, including the re-appointment of statutory auditors and the incorporation of a new subsidiary.

Financial Performance Review​

The company released audited financial results for the quarter and year ended March 31, 2026, alongside corresponding Statement of Assets and Liabilities and Cash Flow Statements.

Standalone Financial Results
The Standalone Statement of Assets and Liabilities showed total non-current assets at 10,364.12 Lakhs and total current assets at 28,439.90 Lakhs as of March 31, 2026, compared to 8,199.71 Lakhs in non-current assets and 22,813.38 Lakhs in current assets in the previous year.

The financial statements for the quarter and year ended March 31, 2026, showed the following key metrics (in Lakhs):


The Standalone Statement of Cash Flow for the year ended March 31, 2026, indicated a Net Cash Flow From Operating Activities of (324.28) Lakhs, compared to a positive 941.32 Lakhs in the previous year.

Consolidated Financial Results
The Consolidated Statement of Assets and Liabilities for the period ended March 31, 2026, reflected total non-current assets of 10,321.00 Lakhs and total current assets of 28,434.75 Lakhs. Total liabilities stood at 38,755.75 Lakhs.

The consolidated financial results reported for the quarter and year ended March 31, 2026, are summarized below (in Lakhs):


The Consolidated Statement of Cash Flow for the year ended March 31, 2026, showed a Net Cash Flow From Operating Activities of (309.36) Lakhs, compared to 941.32 Lakhs in the previous period.

Board Approvals and Corporate Changes​

The Board of Directors approved several governance and corporate actions during the meeting:

Auditor Re-appointments:
The board approved the re-appointment of two firms for the financial year 2026-27:
1. Internal Auditor: M/s. Vipul M. Shah & Associates, Chartered Accountants, were re-appointed as Internal Auditors.
2. Cost Auditors: M/s. Ritesh Jayswal & Associates, Chartered Accountants, were re-appointed as Cost Auditors.

Director Appointments:
The Board also approved the re-appointments of key management personnel for a term of five consecutive years, subject to shareholder approval:

• Managing Director: Mr. Rajesh Nanalal Shah (DIN: 02038392).
• Whole-time Director: Mr. Divyam Rajesh Shah (DIN: 05129462).

Corporate Structure Changes:

• Subsidiary Incorporation: The board approved the incorporation of a new subsidiary named Euro Sealant Private Limited in Tamil Nadu. The company has acquired a 51% stake in the subsidiary, which was incorporated on April 28, 2026. The subsidiary is intended to manufacture, process, trade, and deal in chemicals, sealants, adhesives, polymers, and allied products.
• Director Resignation: The board noted the resignation of Ms. Daisy Dsouza (DIN: 09348309) as an Independent Director of the Company, effective May 22, 2026, due to personal reasons.

In addition, the company confirmed that the trading window for insider trading was closed on April 01, 2026, and is scheduled to reopen 48 hours from the declaration of financial results, on May 24, 2026.

EUROBOND Stock Price Movement​

Today, Euro Panel Products Limited shares edged higher to close at ₹182.73, achieving a gain of 0.42%. The stock traded a total volume of 5,696 shares, settling within its intraday range of ₹178.1 to ₹189.