Subsidiary8 May 2026, 07:01 pm
Euro Panel Products Diversifies with Euro Sealant Subsidiary
AI Summary
Euro Panel Products Ltd (Eurobond) has incorporated Euro Sealant Private Limited as a majority-owned subsidiary, marking its diversification into the sealants market. This expansion aims to serve the broader building materials sector with a range of professional-grade silicone sealants. The India sealants market is projected to grow from INR 3,232 Crore in 2025 to INR 4,936 Crore by 2031, with silicone sealants leading the growth at a CAGR of 8.33%. The company notified NSE and BSE of this transaction on April 29, 2026.
Key Highlights
- Euro Panel Products launches Euro Sealant Private Limited as a majority-owned subsidiary.
- The company expands into the sealants market, targeting the broader construction industry.
- India's sealant market is expected to reach ₹4,936 Crore by 2031, growing at a 7.31% CAGR.
- Euro Sealant will offer professional-grade silicone sealants for diverse applications.