Decorative Wall Panels and Laminates Company Announces Acquisition and Interim Dividend
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Euro Pratik Sales approved the acquisition of a 51 per cent controlling stake in Chawla Brothers for Rs 32.20 crore & announced its first interim dividend since listing
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On Monday, Euro Pratik Sales, at its Board meeting held on March 23, 2026, approved the acquisition of a 51 per cent stake in Chawla Brothers for Rs 32.20 crore. The company also declared an interim dividend of Re 0.20 per equity share for FY26.
Acquisition and Interim Dividend Announcement
Euro Pratik Sales approved the acquisition of a 51 per cent controlling stake in Chawla Brothers for Rs 32.20 crore, strengthening its presence in the decorative surface products segment, including laminates, plywood, and veneers. The acquisition will be completed in cash and is expected to be finalised by March 31, 2026.
In addition, the company announced its first interim dividend since listing, declaring Re 0.20 per equity share for FY26. March 27, 2026 has been set as the record date, and the dividend will be credited or dispatched between March 28, 2026 and April 20, 2026.
About Chawla Brothers
Chawla Brothers is a partnership firm engaged in the wholesale and retail trading of decorative surface products such as laminates, plywood, veneer, wall panels, and related materials. The company operates primarily in North India, with a presence in cities like Jalandhar and Ludhiana, catering to the interior and Construction materials market.
According to the filing, the company reported a turnover of Rs 49.50 crore for the financial year ended March 31, 2025, with a consistent growth trend over the last three years (Rs 45.53 crore in FY24 and Rs 42.70 crore in FY23).
About Euro Pratik Sales
Euro Pratik Sales Limited is engaged in the distribution and trading of decorative surface products such as laminates, plywood, veneer, and wall panels. The company operates across multiple regions in India, catering to both retail and wholesale customers. It focuses on premium and value-added products used in interior and construction applications.
Euro Pratik Sales Limited has a market capitalisation of Rs 2,162 crore. On a one-year basis, the stock has declined by 15.05 per cent, while the benchmark Nifty Smallcap 250 Index has declined by 6.88 per cent during the same period
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