Key Highlights
- Euro Pratik Sales Limited approves acquisition of 51 percent stake in Chawla Brothers for ₹32.20 crore.
- Acquisition expected to be completed by March 31 2026.
- Chawla Brothers reported turnover of ₹49.50 crore in FY25.
- Interim dividend of ₹0.20 per equity share announced for FY26.
- Record date for dividend fixed as March 27 2026.
- Dividend payout scheduled between March 28 and April 20 2026.
Euro Pratik Sales Limited has approved a proposal to acquire a 51 percent controlling stake in Chawla Brothers, a partnership firm engaged in decorative surface products, for a total consideration of ₹32.20 crore. The decision was taken at the company’s board meeting held on March 23, 2026.
The company clarified that the acquisition is yet to be completed and is expected to be finalised by March 31, 2026.
Acquisition Details and Financials of Target Entity
Chawla Brothers operates in the wholesale and retail segment of wall panels, laminates, veneer, plywood, and related decorative products. The firm reported a turnover of ₹49.50 crore in FY25, compared to ₹45.53 crore in FY24 and ₹42.70 crore in FY23, reflecting consistent growth.
Euro Pratik stated that the proposed acquisition will help strengthen its regional presence, improve brand visibility, and enable deeper penetration in North India markets.
The transaction will be executed entirely in cash and does not fall under related party transactions. No regulatory approvals are required for the deal.
Euro Pratik Sales Strategic Expansion in North India
The proposed investment aligns with the company’s strategy to expand its footprint in the decorative building materials segment. By acquiring a controlling stake, Euro Pratik aims to leverage Chawla Brothers’ established market presence and distribution network.
Chawla Brothers, incorporated in 1979, has a long-standing presence in India’s interior and surface décor industry.
Euro Pratik Sales Interim Dividend Announcement
In addition to the acquisition approval, the board has declared an interim dividend of ₹0.20 per equity share for the financial year 2025–26, representing 20 percent of the face value of ₹1 per share.
The record date to determine eligible shareholders has been fixed as March 27, 2026. The dividend will be credited or dispatched between March 28, 2026, and April 20, 2026.