Key Quantitative Figures

Standalone Financial Results (Year Ended March 31, 2026):

  • Total Income: ₹50,570.74 lakhs
  • Total Expenses: ₹46,935.20 lakhs
  • Profit Before Tax: ₹3,635.54 lakhs
  • Tax Expenses: ₹915.82 lakhs
  • Profit for the Period: ₹2,719.72 lakhs
  • Other Comprehensive Income (net of tax): ₹32.59 lakhs
  • Total Comprehensive Income: ₹2,752.30 lakhs
  • Earnings Per Share (Basic & Diluted): ₹11.10
  • Paid-up Equity Share Capital: ₹2,450.00 lakhs
  • Other Equity: ₹13,625.33 lakhs

Standalone Financial Results (Quarter Ended March 31, 2026):

  • Total Income: ₹14,135.38 lakhs
  • Total Expenses: ₹12,989.74 lakhs
  • Profit Before Tax: ₹1,145.65 lakhs
  • Tax Expenses: ₹264.93 lakhs
  • Profit for the Period: ₹880.71 lakhs
  • Other Comprehensive Income (net of tax): ₹22.11 lakhs
  • Total Comprehensive Income: ₹902.82 lakhs
  • Earnings Per Share (Basic & Diluted): ₹3.59

Consolidated Financial Results (Year Ended March 31, 2026):

  • Profit for the Period: ₹2,656.45 lakhs
  • Total Comprehensive Income: ₹2,684.86 lakhs
  • Earnings Per Share (Basic & Diluted): ₹10.84

Consolidated Financial Results (Quarter Ended March 31, 2026):

  • Profit for the Period: ₹852.21 lakhs
  • Total Comprehensive Income: ₹869.23 lakhs
  • Earnings Per Share (Basic & Diluted): ₹3.48

Balance Sheet Highlights (Standalone as at March 31, 2026):

  • Total Assets: ₹38,804.02 lakhs
  • Non-Current Assets: ₹10,364.12 lakhs
  • Current Assets: ₹28,439.90 lakhs
  • Total Equity: ₹16,075.33 lakhs
  • Non-Current Liabilities: ₹2,642.21 lakhs
  • Current Liabilities: ₹20,086.49 lakhs

Cash Flow (Standalone for Year Ended March 31, 2026):

  • Net Cash Flow from Operating Activities: (₹324.28) lakhs
  • Net Cash Flow from Investing Activities: (₹2,444.50) lakhs
  • Net Cash Flow from Financing Activities: ₹2,874.88 lakhs
  • Net Increase in Cash & Equivalents: ₹106.10 lakhs

Dates of Action

  • Board Meeting Date: May 22, 2026 (commenced at 10:00 a.m., concluded at 6:15 p.m.)
  • Financial Results Period: Quarter and Year Ended March 31, 2026
  • Trading Window Closure: April 1, 2026 to May 24, 2026 (reopening after 48 hours from results declaration)
  • Subsidiary Incorporation: Euro Sealant Private Limited incorporated on April 28, 2026

Parties Involved

Entities:

  • Euro Panel Products Limited (Holding Company)
  • Euro Panel Products Trading W.L.L., Qatar (Subsidiary)
  • Euro Sealant Private Limited (New 51% Subsidiary)
  • M/s. Vipul M. Shah & Associates, Chartered Accountants (Internal Auditors)
  • M/s. Ritesh Jayswal & Associates, Chartered Accountants (Cost Auditors)
  • Jogin Raval & Associates, Chartered Accountants (Statutory Auditors)

Individuals:

  • Mr. Rajesh Nanalal Shah (DIN: 02038392) - Managing Director
  • Mr. Divyam Rajesh Shah (DIN: 05129462) - Whole-time Director
  • Ms. Daisy Dsouza (DIN: 09348309) - Resigned Independent Director

Purpose or Rationale

Subsidiary Incorporation:

To carry on the business of manufacturing, processing, trading and dealing in chemicals, sealants, adhesives, polymers and allied products.

Labour Code Impact:

The Government of India consolidated 29 labour legislations into four codes effective November 21, 2025. Based on actuarial valuation & management estimates, the Company recognized an incremental expense of ₹51.97 lakhs against Gratuity for the year ended March 31, 2026.

Financial Impact

Explicitly Quantified:

  • Incremental labour code expense: ₹51.97 lakhs (Gratuity provision)
  • Subsidiary investment: 51% stake in Euro Sealant Private Limited with capital of ₹50,00,000 INR

Capital Structure Impact:

  • No change in paid-up equity share capital (remains ₹2,450.00 lakhs)
  • Increase in other equity from ₹10,873.02 lakhs (Mar 31, 2025) to ₹13,625.33 lakhs (Mar 31, 2026) on standalone basis

Governance Changes

Appointments/Re-appointments:

1. M/s. Vipul M. Shah & Associates reappointed as Internal Auditors for FY 2026-27

2. M/s. Ritesh Jayswal & Associates reappointed as Cost Auditors for FY 2026-27

3. Mr. Rajesh Nanalal Shah reappointed as Managing Director for 5 years (subject to shareholder approval)

4. Mr. Divyam Rajesh Shah reappointed as Whole-time Director for 5 years (subject to shareholder approval)

Resignation:

  • Ms. Daisy Dsouza resigned as Independent Director effective May 22, 2026, due to personal reasons

Auditor Opinion

  • Unmodified opinion on both standalone and consolidated financial results for quarter and year ended March 31, 2026
  • Audit conducted by Jogin Raval & Associates, Chartered Accountants

Additional Information

  • The company has only one reportable segment: "Aluminium Composite Panels"
  • Figures for corresponding previous periods have been regrouped/reclassified for comparability
  • Trade payables, loans and advances, and other current liabilities are subject to confirmation and reconciliation
  • The new subsidiary Euro Sealant Private Limited is based in Chennai, Tamil Nadu