Euro Pratik Sales Limited Acquires 51% Stake in Chawla Brothers
Euro Pratik Sales Limited announced that its Board of Directors approved the acquisition of a 51% stake in Chawla Brothers, a partnership firm located in Jalandhar and Ludhiana, for a total investment of Rs. 32.20 crore.The Board of Directors also declared an interim dividend of Re. 0.20 per Equity Share, representing 20% of the paid-up share capital, for the financial year 2025-26. Friday, March 27, 2026, has been set as the record date for determining eligible shareholders for the dividend, with credit and dispatch scheduled between March 28, 2026, and April 20, 2026.
The acquisition is scheduled to be completed by March 31, 2026, and will be funded entirely through cash. The acquisition of Chawla Brothers, which has a turnover of Rs. 49.50 crore for the financial year ended March 31, 2025, is expected to enhance the company’s regional presence and penetration in North India. Chawla Brothers operates in the wholesale and retail business of wall panels, laminates, veneer, plywood, and other surface decorative products.
The Board Meeting commenced at 8:30 a.m. and concluded at 8:45 a.m.
Table: Details of Acquisition of Chawla Brothers
| Particulars | Details |
|---|---|
| Name of Target Entity | Chawla Brothers (Partnership Firm) |
| Turnover (Financial Year Ended March 31, 2025) | Rs. 49.50 Crores |
| Related Party Transaction? | No |
| Industry | Wholesale & Retail business in Wall Panels, Laminates, Veneer, Plywood and other surface decorative products |
| Acquisition Impact | Enhance regional presence, boost brand visibility, and enable deeper penetration in North India |
| Governmental/Regulatory Approvals Required | No |
| Completion Time Period | March 31, 2026 |
| Consideration | Cash |
| Total Consideration | Rs. 32.20 Crore |
| Shareholding Acquired | 51% |
| Presence | India |
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