StockWatch
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Furniture, Home Furnishing
Acquisitions5 Nov 2026, 06:33 pm

Euro Pratik Acquires 51% Stake in Drashti Surfaces for ₹311.2 Cr

AI Summary

Euro Pratik Sales Ltd announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company's Board of Directors approved the acquisition of a 51% equity stake in Drashti Surfaces Private Limited for an aggregate investment of ₹31,12,02,000 (₹311.2 Cr). Drashti Surfaces is involved in the manufacturing of laminates and veneer. This acquisition is expected to expand Euro Pratik's product portfolio, create business synergies, and support long-term growth by leveraging Drashti Surfaces' established customer relationships. The transaction is an all-cash deal and is expected to be completed within 90 days. The company also reported its financial results, showing total income of ₹5,788.46 lakh for the quarter ended September 30, 2026, and a profit after tax of ₹1,527.18 lakh.

Key Highlights

  • Euro Pratik acquires 51% stake in Drashti Surfaces for ₹311.2 Cr.
  • Acquisition aims to expand product portfolio and create business synergies.
  • Unaudited results for Q2 FY27 show total income of ₹5,788.46 lakh.
  • Profit after tax for Q2 FY27 reported at ₹1,527.18 lakh.
  • Acquisition is an all-cash transaction and expected within 90 days.