Euro Pratik Sales Limited has announced the acquisition of a 51% stake in Chawla Brothers, a partnership firm based in Jalandhar and Ludhiana, for a total investment of ₹32.20 crore. The acquisition aims to enhance Euro Pratik’s regional presence and brand visibility, particularly in North India.
Chawla Brothers, which operates in the wholesale and retail business of wall panels, laminates, veneer, plywood, and other surface decorative products, reported a turnover of ₹49.50 crore for the financial year ending 31 March 2025. The acquisition is expected to be completed by 31 March 2026, with the entire investment being paid in cash.
The transaction does not fall within related party transactions, and none of the promoter group companies have any interest in Chawla Brothers. The acquisition aligns with Euro Pratik’s strategy to deepen its market penetration and expand its product offerings in the Indian market.
In addition to the acquisition, Euro Pratik Sales Limited declared an interim dividend of ₹0.20 per equity share for the financial year 2025-26. The record date for determining eligible shareholders for the dividend is set for 27 March 2026, with the dividend to be credited or dispatched between 28 March and 20 April 2026.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Kinjal and reviewed by Markets Desk before publication.