Key Quantitative Figures
Standalone Financial Results (Quarter ended June 30, 2026):
- Revenue from operations: ₹446.95 crore (compared to ₹437.60 crore in Q1 FY26)
- Total income: ₹479.39 crore
- Profit before tax: ₹127.81 crore
- Profit for the quarter: ₹106.76 crore
- Basic EPS: ₹1.04
- Paid-up share capital: ₹102.20 crore
Consolidated Financial Results (Quarter ended June 30, 2026):
- Revenue from operations: ₹1,033.33 crore
- Total income: ₹1,058.29 crore
- Profit before tax: ₹262.56 crore
- Profit for the quarter: ₹200.49 crore (attributable to owners: ₹187.73 crore)
- Basic EPS: ₹1.84
Dates of Action
- Board meeting date: August 10, 2026 (commenced 5:30 PM, concluded 6:15 PM)
- Director appointment effective: August 10, 2026
- Acquisition date: April 1, 2026
- Financial period: Quarter ended June 30, 2026
Parties Involved
- New Director: Mr. Manish Sacheti (DIN: 01072819)
- Proposed Secretarial Auditor: M/s. M Baldeva Associates, Company Secretaries, Mumbai
- Joint Statutory Auditors: C N K & Associates LLP and Monika Jain & Co
- Acquisition Target: Chawla Brothers, Jalandhar, Punjab
Director Appointment Details
- Mr. Manish Sacheti appointed as Non-Executive Independent Director
- Term: 5 consecutive years from August 10, 2026
- Subject to shareholder approval via special resolution in ensuing AGM
- Not debarred from holding director office by SEBI or any authority
- 30+ years experience across healthcare, financial services, manufacturing, and logistics
- Not related to any promoters or directors of the company
Secretarial Auditor Recommendation
- M/s. M Baldeva Associates recommended for appointment
- Period: Financial years 2026-27 to 2030-31 (5 years)
- To conduct secretarial audit and issue Annual Secretarial Compliance Report
- Firm promoted by CS Manish Baldeva, Fellow Member of ICSI with 25+ years experience
- Also registered as Insolvency Professional under IBC 2016
Subsidiary Information
The consolidated results include 11 entities:
1. Euro Pratik Sales Limited (Parent)
2. Gloirio Décor Private Limited (Wholly owned subsidiary)
3. Euro Pratik Trade FZCO (Subsidiary, now 80% owned after dilution from 100%)
4. Euro Pratik C Corp Inc. (Subsidiary)
5. Euro Pratik Intex LLP (Subsidiary)
6. Euro Pratik Star LLP (Subsidiary)
7. Euro Pratik Craft LLP (Subsidiary)
8. Uro Veneer World (Subsidiary)
9. Chawla Brothers (Subsidiary, 51% acquired)
10. Euro Pratik USA LLC (Step-down subsidiary)
11. Euro Pratik EU d.o.o. (Step-down subsidiary, not consolidated as no operations)
Acquisition Details
- Acquired 51% controlling stake in Chawla Brothers on April 1, 2026
- Consideration: ₹32.20 crore
- Accounted under Ind AS 103
Exceptional Items
- Loss by fire (net) of ₹788.79 lakh recognized in Q1 FY26
- Insurance claim of ₹3,188.10 lakh lodged and recognized as receivable
- Fire occurred on April 26, 2025 at godown in Bhiwandi, Maharashtra
Audit Review
- Limited review conducted by joint statutory auditors
- Unmodified opinion issued on both standalone and consolidated results
- Financial results prepared in accordance with Ind AS