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Euro Pratik Sales Limited acquires 51% stake in Chawla Brothers for roughly Rs 3220 lakhs
10-Aug-2026, 09:47
Euro Pratik Sales Limited reported consolidated financial results for the quarter ended June 30, 2026, prepared according to Indian Accounting Standards (Ind AS), alongside a review by C N K & Associates LLP and Monika Jain & Co. The company reduced its ownership in Euro Pratik Trade FZCO from 100% to 80% and acquired a 51% controlling stake in Chawla Brothers for approximately Rs 3220 lakhs, both occurring on April 1, 2026. A fire damaged a holding company warehouse on April 26, 2025, resulting in a Rs 788.79 lakh net loss, with an insurance claim of Rs 3188.10 lakhs filed. The group’s business focuses on “Surface Decorative Products,” and the consolidated results include ten subsidiaries, with Euro Pratik EU d.o.o. excluded due to inactivity. Auditors expressed an unmodified opinion, noting the scope of a review is less extensive than a full audit.
Euro Pratik Sales Limited reported consolidated financial results for the quarter ended June 30, 2026, prepared according to Indian Accounting Standards (Ind AS), alongside a review by C N K & Associates LLP and Monika Jain & Co. The company reduced its ownership in Euro Pratik Trade FZCO from 100% to 80% and acquired a 51% controlling stake in Chawla Brothers for approximately Rs 3220 lakhs, both occurring on April 1, 2026. A fire damaged a holding company warehouse on April 26, 2025, resulting in a Rs 788.79 lakh net loss, with an insurance claim of Rs 3188.10 lakhs filed. The group’s business focuses on “Surface Decorative Products,” and the consolidated results include ten subsidiaries, with Euro Pratik EU d.o.o. excluded due to inactivity. Auditors expressed an unmodified opinion, noting the scope of a review is less extensive than a full audit.