Euro Pratik Sales Ltd Acquires 51% Stake in Uro Veneer World
Filing Summary
Euro Pratik Sales Ltd has announced the acquisition of a 51% stake in Uro Veneer World, a partnership firm based in Bangalore, for a total investment of Rs. 76.5 crore. This includes a capital infusion of Rs. 10.2 crore. The acquisition aims to expand Euro Pratik’s presence in the retail market for wall panels, laminates, and decorative products. Additionally, Euro Pratik will invest 10,00,000 AED in its wholly-owned subsidiary, Euro Pratik Trade FZCO. The board also appointed Mrs. Priya Abhishek Jain as an Additional Director.
Euro Pratik Sales Ltd has approved the acquisition of a controlling 51% stake in Uro Veneer World, a partnership firm located in Bangalore. The total investment amounts to Rs. 76.5 crore, which includes a capital infusion of Rs. 10.2 crore. This strategic move is part of Euro Pratik’s efforts to enhance its footprint in the retail sector for wall panels, laminates, and other decorative products. The acquisition was finalized during the board meeting held on November 17, 2025.
The financial terms of the acquisition involve a purchase price of Rs. 66.3 crore for the 51% stake, along with a capital infusion of Rs. 10.2 crore into Uro Veneer World. The entire transaction will be conducted in cash. Additionally, Euro Pratik Sales Ltd will invest 10,00,000 AED in its wholly-owned subsidiary, Euro Pratik Trade FZCO, by subscribing to 1,000 shares at 1,000 AED each. This investment will increase Euro Pratik’s shareholding in the subsidiary to 75%, with the remaining 25% held by Mr. Sandip Singhvi.
Operationally, the acquisition of Uro Veneer World will allow Euro Pratik to enter the retail business of wall panels, laminates, and other decorative products. Uro Veneer World, formerly known as Pratham Enterprise, reported a turnover of Rs. 51.24 crore for the financial year ending March 31, 2025. The firm specializes in retailing wall panels, laminates, veneer, and other decorative ancillary products.
The timeline for completing the acquisition of Uro Veneer World is set before December 16, 2025. The investment in Euro Pratik Trade FZCO is expected to be completed by October 31, 2026. No governmental or regulatory approvals are required for these transactions.
The parties involved in these transactions include Euro Pratik Sales Ltd, Uro Veneer World, and Euro Pratik Trade FZCO. Euro Pratik Sales Ltd will hold a controlling stake in Uro Veneer World, while Euro Pratik Trade FZCO will remain a wholly-owned subsidiary with a 75% shareholding by Euro Pratik Sales Ltd.
In addition to the acquisitions, the board of Euro Pratik Sales Ltd has appointed Mrs. Priya Abhishek Jain as an Additional Director (Non-Executive Independent Director) for a term of five years, starting November 17, 2025. Mrs. Jain is not related to any promoters or directors of the company and is not debarred by any regulatory authority.
Euro Pratik Sales Ltd is focused on expanding its business operations in the retail sector for wall panels, laminates, and decorative products. The company aims to strengthen its market position through strategic acquisitions and investments in its subsidiaries. The appointment of Mrs. Priya Abhishek Jain as an Additional Director aligns with the company’s governance and strategic objectives.