Euro Pratik Sales Acquires 51% Stake in Chawla Brothers for Rs. 32 Crore
Filing Summary
Euro Pratik Sales Ltd has approved the acquisition of a 51% stake in Chawla Brothers, a partnership firm, for a total investment of Rs. 32 crore. The acquisition was finalized during a board meeting on March 23, 2026. Chawla Brothers operates in the wholesale and retail sector, focusing on wall panels, laminates, veneer, plywood, and other surface decorative products. The transaction is not a related party transaction and is scheduled for completion by March 31, 2026. An interim dividend of Re. 0.20 per share was also declared.
Euro Pratik Sales Ltd has announced the acquisition of a controlling 51% stake in Chawla Brothers, a partnership firm. The decision was made during the board meeting held on March 23, 2026. The acquisition involves a total investment of Rs. 32 crore. This transaction is not classified as a related party transaction, and no members of the promoter group have any interest in the entity being acquired.
The financial terms of the acquisition include a cash consideration of Rs. 32 crore for the 51% stake. The turnover of Chawla Brothers for the financial year ending March 31, 2025, was Rs. 49 crore. The acquisition aims to secure a controlling stake in the partnership firm, which is involved in the wholesale and retail business of wall panels, laminates, veneer, plywood, and other surface decorative products.
The scope of the acquisition includes gaining control over the operations of Chawla Brothers, which has a significant presence in the wholesale and retail market for decorative products. The firm specializes in wall panels, premium laminates, veneer, and plywood. The acquisition will enable Euro Pratik Sales to expand its regional presence and enhance its product offerings in North India.
Chawla Brothers, established on April 1, 1979, has shown consistent growth over the past three years. The firm’s turnover was Rs. 49 crore in FY 2024-25, Rs. 45 crore in FY 2023-24, and Rs. 42 crore in FY 2022-23. The acquisition is expected to be completed by March 31, 2026, with no governmental or regulatory approvals required for the transaction.
The board of directors of Euro Pratik Sales also declared an interim dividend of Re. 0.20 per equity share for the financial year 2025-26. The record date for determining eligible shareholders for the dividend is set for March 27, 2026. The dividend will be credited or dispatched to shareholders between March 28, 2026, and April 20, 2026.
Euro Pratik Sales Ltd is focused on expanding its market presence in the decorative products sector. The company aims to enhance its product portfolio and strengthen its position in the market through strategic acquisitions and partnerships. The acquisition of Chawla Brothers aligns with its strategy to increase its footprint in North India.