About Euro Panel Products Limited
Data last updated: 14 July 2026
Euro Panel Products Limited is a public limited company based in Borivali West, Maharashtra, India. It specialises in metal manufacturing and processing, a part of the broader metals and mining sector. Incorporated on 18 December 2013, the company has been in operation for over 13 years.
Registered with ROC Mumbai under CIN L28931MH2013PLC251176. Listed.
Capital: an authorised share capital of ₹26 Cr and a paid-up capital of ₹24.5 Cr. Formerly known as Archer Trading House Private Limited and Euro Panel Products Private Limited. It is led by directors including Barkharani Harsh Nevatia and Rajesh Nanalal Shah.
Last AGM: 15 September 2025. Financial statements filed for year ended 31 March 2025. Office: 12Th Floor Borivali Sheela Chs Ltd, Solitaire Business Center Opp Ajanta Talkies Borivali West, Maharashtra, India – 400092.
As per NSE-filed consolidated financials for FY 2026, the company reported a revenue of ₹503.2 Cr. The net worth stands at ₹160.08 Cr. Total assets are valued at ₹387.56 Cr.
The company has a workforce of approximately 402 employees as per the latest available data.
The company is associated with 1 brand - Eurobond. As per MCA filings, the company has open charges of ₹193.54 Cr and satisfied charges of ₹96.58 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website eurobondacp.in.
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Registered Address12Th Floor Borivali Sheela Chs Ltd, Solitaire Business Center Opp Ajanta Talkies Borivali West, Maharashtra, India – 400092
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IndustryMetals and Minerals, Metal Manufacturing & Processing
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
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Name History of Euro Panel Products Limited
Euro Panel Products Limited has undergone 2 name changes throughout its history. The company was previously known as Archer Trading House Private Limited, and Euro Panel Products Private Limited. The current legal name is Euro Panel Products Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Euro Panel Products Limited | Current |
| Archer Trading House Private Limited | Previous |
| Euro Panel Products Private Limited | Previous |
CIN History of Euro Panel Products Limited
Euro Panel Products Limited has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L28931MH2013PLC251176, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L28931MH2013PLC251176 | Current |
| U28931MH2013PLC251176 | Previous |
| U28931MH2013PTC251176 | Previous |
| U51101MH2013PTC251176 | Previous |
Associated Brands with Euro Panel Products Limited
Euro Panel Products Limited operates one associated brand: Eurobond. These brands represent Euro Panel Products Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Aluminium composite panels are manufactured and supplied by Eurobond. | eurobondacp.com |
Competitors & Alternatives of Euro Panel Products Limited
Brands and companies operating in the same space as Euro Panel Products Limited include Kalyani Steels, Varveton plus, OUEST ALU and 1 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Kalyani Steels
|
Forging and engineering products are manufactured by Kalyani Steels. | Pune, India, India | 1973 |
Varveton plus
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Specializes in metal coating and painting services for industrial applications. | Estonia | 2019 |
OUEST ALU
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Company specializing in the design, manufacture, installation, and maintenance of high-quality aluminum facades | Les Herbiers, France, France | 1965 |
Zapp Star
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Produces high-quality aluminum composite panels with flexible fabrication options for various industries and applications. | Gorakhpur, India, India | 2018 |
Business Activity of Euro Panel Products Limited
Euro Panel Products Limited is engaged in the principal business activity of manufacturing, with detailed activities including metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | Locked |
Business activity turnover details for Euro Panel Products Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Euro Panel Products Limited
Euro Panel Products Limited is audited by M/s. Jogin Raval & Associates (ICAI peer reviewed, certificate valid till 2027-05-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| M/s. Jogin Raval & Associates (ICAI peer reviewed, certificate valid till 2027-05-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Euro Panel Products Limited
Euro Panel Products Limited is currently managed by 4 directors, with 12 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
|
Barkharani Harsh Nevatia
Also directs:
Euro Panel Products Limited, Arrow Greentech Limited, Shree Pushkar Chemicals & Fertilisers Limited and 2 more
|
Director | 25 Aug 2021 | 4 Years 11 Months | Current |
|
Rajesh Nanalal Shah
Also directs:
Euro Panel Products Limited, Divya Ply Agency Private Limited
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Managing Director | 18 Dec 2013 | 12 Years 8 Months | Current |
| Divyam Rajesh Shah | Whole-Time Director | 08 Aug 2014 | 12 Years 0 Months | Current |
|
Krishna Rajesh Shah
Also directs:
Euro Panel Products Limited, Divya Ply Agency Private Limited
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Director | 24 May 2025 | 1 Years 2 Months | Current |
Financials of Euro Panel Products Limited FY 2026 filings available
Euro Panel Products Limited reported revenue of ₹503.2 Cr for FY 2026.
| Metrics | FY 2026 |
|---|---|
| Revenue from Operations | ₹503.2 Cr |
| Other Income | ₹1.77 Cr |
| Total Income | ₹504.97 Cr |
| Cost of Materials Consumed | ₹372.31 Cr |
| Purchases of Stock-in-Trade | ₹1.12 Cr |
| Changes in Inventories | -₹22.41 Cr |
| Employee Benefit Expense | ₹37.05 Cr |
| Finance Costs | ₹12.11 Cr |
| Depreciation & Amortisation | ₹8.84 Cr |
| Other Expenses | ₹60.23 Cr |
| Total Expenses | ₹469.25 Cr |
| Profit Before Exceptional Items & Tax | ₹35.72 Cr |
| Exceptional Items | ₹0 |
| Profit Before Tax | ₹35.72 Cr |
| Total Tax Expense | ₹9.16 Cr |
| Net Profit | ₹26.56 Cr |
| attributable to Owners | ₹0 |
| attributable to NCI | ₹0 |
| Other Comprehensive Income | ₹28.41 Lakh |
| Total Comprehensive Income | ₹26.85 Cr |
| EBITDA (computed) | ₹56.67 Cr |
| Basic EPS | ₹10.84 |
| Diluted EPS | ₹10.84 |
| Metrics | FY 2026 |
|---|---|
| Total Assets | ₹387.56 Cr |
| Non-current Assets | ₹103.21 Cr |
| Current Assets | ₹284.35 Cr |
| Property, Plant & Equipment | ₹85.31 Cr |
| Inventories | ₹201.17 Cr |
| Trade Receivables | ₹56.25 Cr |
| Cash & Equivalents | ₹51.25 Lakh |
| Equity (Net Worth) | ₹160.08 Cr |
| Equity Share Capital | ₹24.5 Cr |
| Borrowings (Non-current) | ₹16.97 Cr |
| Borrowings (Current) | ₹137.58 Cr |
| Total Debt (computed) | ₹154.56 Cr |
| Current Liabilities | ₹201.06 Cr |
| Total Liabilities | ₹227.48 Cr |
| Metrics | FY 2026 |
|---|---|
| Operating Cash Flow | -₹3.09 Cr |
| Investing Cash Flow | -₹24.49 Cr |
| Financing Cash Flow | ₹28.75 Cr |
| Capital Expenditure | ₹19.81 Cr |
| Free Cash Flow (computed) | -₹22.9 Cr |
| Dividends Paid | ₹0 |
| Net Change in Cash | ₹1.16 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 |
|---|---|---|---|
| Revenue from Operations | ₹141.09 Cr | ₹127.42 Cr | ₹129.86 Cr |
| Other Income | ₹30.58 Lakh | ₹27.08 Lakh | ₹2.48 Lakh |
| Total Income | ₹141.39 Cr | ₹127.69 Cr | ₹129.89 Cr |
| Cost of Materials Consumed | ₹103.57 Cr | ₹101.29 Cr | ₹88.03 Cr |
| Purchases of Stock-in-Trade | ₹2.92 Lakh | ₹5,000 | ₹52.91 Lakh |
| Changes in Inventories | -₹2.57 Cr | -₹13.01 Cr | ₹1.98 Cr |
| Employee Benefit Expense | ₹9.63 Cr | ₹9.69 Cr | ₹9.15 Cr |
| Finance Costs | ₹2.01 Cr | ₹3.41 Cr | ₹3.62 Cr |
| Depreciation & Amortisation | ₹2.22 Cr | ₹2.28 Cr | ₹2.21 Cr |
| Other Expenses | ₹15.33 Cr | ₹16.39 Cr | ₹15.3 Cr |
| Total Expenses | ₹130.22 Cr | ₹120.05 Cr | ₹120.83 Cr |
| Profit Before Exceptional Items & Tax | ₹11.17 Cr | ₹7.64 Cr | ₹9.06 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹11.17 Cr | ₹7.64 Cr | ₹9.06 Cr |
| Total Tax Expense | ₹2.65 Cr | ₹1.94 Cr | ₹2.44 Cr |
| Net Profit | ₹8.52 Cr | ₹5.7 Cr | ₹6.62 Cr |
| attributable to Owners | ₹0 | - | ₹0 |
| attributable to NCI | ₹0 | - | ₹0 |
| Other Comprehensive Income | ₹17.03 Lakh | ₹15.5 Lakh | -₹2.24 Lakh |
| Total Comprehensive Income | ₹8.69 Cr | ₹5.85 Cr | ₹6.6 Cr |
| EBITDA (computed) | ₹15.4 Cr | ₹13.33 Cr | ₹14.9 Cr |
| Basic EPS | ₹3.48 | ₹2.33 | ₹2.70 |
| Diluted EPS | ₹3.48 | ₹2.33 | ₹2.70 |
| Metrics | FY 2026 | FY 2025 |
|---|---|---|
| Revenue from Operations | ₹503.93 Cr | ₹423.19 Cr |
| Other Income | ₹1.77 Cr | ₹1.18 Cr |
| Total Income | ₹505.71 Cr | ₹424.36 Cr |
| Cost of Materials Consumed | ₹372.28 Cr | ₹297.25 Cr |
| Purchases of Stock-in-Trade | ₹1.12 Cr | ₹52.18 Lakh |
| Changes in Inventories | -₹21.83 Cr | ₹6.77 Cr |
| Employee Benefit Expense | ₹36.89 Cr | ₹29.1 Cr |
| Finance Costs | ₹12.11 Cr | ₹11.33 Cr |
| Depreciation & Amortisation | ₹8.84 Cr | ₹6.7 Cr |
| Other Expenses | ₹59.95 Cr | ₹47.73 Cr |
| Total Expenses | ₹469.35 Cr | ₹399.4 Cr |
| Profit Before Exceptional Items & Tax | ₹36.36 Cr | ₹24.96 Cr |
| Exceptional Items | ₹0 | ₹0 |
| Profit Before Tax | ₹36.36 Cr | ₹24.96 Cr |
| Total Tax Expense | ₹9.16 Cr | ₹6.53 Cr |
| Net Profit | ₹27.2 Cr | ₹18.43 Cr |
| Other Comprehensive Income | ₹32.59 Lakh | -₹7.07 Lakh |
| Total Comprehensive Income | ₹27.52 Cr | ₹18.36 Cr |
| EBITDA (computed) | ₹57.3 Cr | ₹42.99 Cr |
| Basic EPS | ₹11.10 | ₹7.52 |
| Diluted EPS | ₹11.10 | ₹7.52 |
| Metrics | FY 2026 | FY 2025 |
|---|---|---|
| Total Assets | ₹388.04 Cr | ₹310.13 Cr |
| Non-current Assets | ₹103.64 Cr | ₹82 Cr |
| Current Assets | ₹284.4 Cr | ₹228.13 Cr |
| Property, Plant & Equipment | ₹85.03 Cr | ₹79.71 Cr |
| Inventories | ₹200.59 Cr | ₹158.81 Cr |
| Trade Receivables | ₹57.1 Cr | ₹46.09 Cr |
| Cash & Equivalents | ₹41.01 Lakh | ₹14.19 Lakh |
| Equity (Net Worth) | ₹160.75 Cr | ₹133.23 Cr |
| Equity Share Capital | ₹24.5 Cr | ₹24.5 Cr |
| Borrowings (Non-current) | ₹16.97 Cr | ₹17.14 Cr |
| Borrowings (Current) | ₹137.58 Cr | ₹94.6 Cr |
| Total Debt (computed) | ₹154.56 Cr | ₹111.73 Cr |
| Current Liabilities | ₹200.86 Cr | ₹153.45 Cr |
| Total Liabilities | ₹227.29 Cr | ₹176.9 Cr |
| Metrics | FY 2026 | FY 2025 |
|---|---|---|
| Operating Cash Flow | -₹3.24 Cr | ₹34.08 Cr |
| Investing Cash Flow | -₹24.45 Cr | -₹19.93 Cr |
| Financing Cash Flow | ₹28.75 Cr | -₹14.04 Cr |
| Capital Expenditure | ₹19.51 Cr | ₹21.67 Cr |
| Free Cash Flow (computed) | -₹22.76 Cr | ₹12.41 Cr |
| Dividends Paid | ₹0 | ₹0 |
| Net Change in Cash | ₹1.06 Cr | ₹11.66 Lakh |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 |
|---|---|---|---|---|---|
| Revenue from Operations | ₹141.04 Cr | ₹128.19 Cr | ₹129.86 Cr | ₹104.84 Cr | ₹223.52 Cr |
| Other Income | ₹31.24 Lakh | ₹27.08 Lakh | ₹2.48 Lakh | ₹1.17 Cr | ₹21.98 Lakh |
| Total Income | ₹141.35 Cr | ₹128.46 Cr | ₹129.89 Cr | ₹106 Cr | ₹223.74 Cr |
| Cost of Materials Consumed | ₹103.54 Cr | ₹101.29 Cr | ₹88.03 Cr | ₹79.42 Cr | ₹150.16 Cr |
| Purchases of Stock-in-Trade | ₹2.92 Lakh | ₹5,000 | ₹52.91 Lakh | ₹56.32 Lakh | ₹6.81 Lakh |
| Changes in Inventories | -₹2.58 Cr | -₹12.41 Cr | ₹1.98 Cr | -₹8.81 Cr | ₹8.45 Cr |
| Employee Benefit Expense | ₹9.51 Cr | ₹9.64 Cr | ₹9.15 Cr | ₹8.58 Cr | ₹15.01 Cr |
| Finance Costs | ₹2.01 Cr | ₹3.41 Cr | ₹3.62 Cr | ₹3.07 Cr | ₹6.42 Cr |
| Depreciation & Amortisation | ₹2.22 Cr | ₹2.28 Cr | ₹2.21 Cr | ₹2.13 Cr | ₹3.92 Cr |
| Other Expenses | ₹15.17 Cr | ₹16.27 Cr | ₹15.3 Cr | ₹13.2 Cr | ₹25.04 Cr |
| Total Expenses | ₹129.9 Cr | ₹120.47 Cr | ₹120.83 Cr | ₹98.15 Cr | ₹209.07 Cr |
| Profit Before Exceptional Items & Tax | ₹11.46 Cr | ₹7.99 Cr | ₹9.06 Cr | ₹7.85 Cr | ₹14.67 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹11.46 Cr | ₹7.99 Cr | ₹9.06 Cr | ₹7.85 Cr | ₹14.67 Cr |
| Total Tax Expense | ₹2.65 Cr | ₹1.94 Cr | ₹2.44 Cr | ₹2.13 Cr | ₹3.96 Cr |
| Net Profit | ₹8.81 Cr | ₹6.05 Cr | ₹6.62 Cr | ₹5.72 Cr | ₹10.71 Cr |
| Other Comprehensive Income | ₹22.11 Lakh | ₹14.6 Lakh | -₹2.24 Lakh | -₹1.87 Lakh | -₹34,000 |
| Total Comprehensive Income | ₹9.03 Cr | ₹6.19 Cr | ₹6.6 Cr | ₹5.7 Cr | ₹10.7 Cr |
| EBITDA (computed) | ₹15.68 Cr | ₹13.67 Cr | ₹14.9 Cr | ₹13.05 Cr | ₹25.01 Cr |
| Basic EPS | ₹3.59 | ₹2.47 | ₹2.70 | ₹2.34 | ₹4.37 |
| Diluted EPS | ₹3.59 | ₹2.47 | ₹2.70 | ₹2.34 | ₹4.37 |
Shareholding Pattern of Euro Panel Products Limited
As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 63.93%, domestic institutional investors hold 1.29%, retail and other public shareholders hold 34.78% of Euro Panel Products Limited. The company had 2,627 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 63.93% | 63.38% | 63.38% | 63.38% | 63.38% | 63.38% |
| Public | 36.07% | 36.62% | 36.62% | 36.62% | 36.62% | 36.62% |
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | |
|---|---|---|---|---|---|
| Promoters | 63.93% | 63.38% | 62.81% | 60.64% | 60.61% |
| Public | 36.07% | 36.62% | 37.19% | 39.36% | 39.39% |
| Promoter change (YoY, %pts) | +0.55 | +0.57 | +2.17 | +0.03 | - |
Board & Governance of Euro Panel Products Limited
As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Euro Panel Products Limited has 6 directors - 3 independent and 3 executive. The board is chaired by RAJESH NANALAL SHAH.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| RAJESH NANALAL SHAH | Executive Director · MD · Chairperson | 2013-12-18 | 1 |
| DIVYAM RAJESH SHAH | Executive Director | 2014-08-08 | 1 |
| BARKHARANI HARSH NEVATIA | Non-Executive - Independent Director | 2021-08-25 | 3 |
| VAIBHAV CHETAN SHAH | Non-Executive - Independent Director | 2022-11-04 | 1 |
| DAISY CYRIL DSOUZA | Non-Executive - Independent Director | 2021-10-12 | 2 |
| KRISHNA RAJESH SHAH | Executive Director | 2025-05-24 | 1 |
| Committee | Members |
|---|---|
| Audit Committee | VAIBHAV CHETAN SHAH (Chairperson), BARKHARANI HARSH NEVATIA, RAJESH NANALAL SHAH |
| Nomination and remuneration committee | BARKHARANI HARSH NEVATIA (Chairperson), VAIBHAV CHETAN SHAH, DAISY CYRIL DSOUZA |
| Stakeholders Relationship Committee | BARKHARANI HARSH NEVATIA (Chairperson), DAISY CYRIL DSOUZA, DIVYAM RAJESH SHAH |
| Risk Management Committee | RAJESH NANALAL SHAH (Chairperson), DIVYAM RAJESH SHAH, VAIBHAV CHETAN SHAH |
Charges & Borrowings of Euro Panel Products Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Jan 2026 | Yes Bank Limited | ₹20 Cr | Open |
| 08 Jul 2025 | Hdfc Bank Limited | ₹42.92 Lakh | Open |
| 27 Jun 2025 | Hdfc Bank Limited | ₹14.59 Lakh | Open |
| 27 Jun 2025 | Hdfc Bank Limited | ₹32.8 Lakh | Open |
| 08 Aug 2024 | Others | ₹40 Cr | Open |
Total charge records: 21 View all charges
Employees and EPFO Compliance at Euro Panel Products Limited
Euro Panel Products Limited has a workforce of 402 employees as of Mar 23, 2024.
Employee and EPFO history for Euro Panel Products Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
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GST Compliance of Euro Panel Products Limited
GST registrations and filing compliance for Euro Panel Products Limited
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Credit Ratings, Litigation & Regulatory Alerts for Euro Panel Products Limited
Credit ratings, litigation, and regulatory alerts for Euro Panel Products Limited
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MSME Payment Delays by Euro Panel Products Limited
MSME payment history for Euro Panel Products Limited
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Subsidiaries & Group Companies of Euro Panel Products Limited
Corporate group structure for Euro Panel Products Limited
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MCA Filings & Documents of Euro Panel Products Limited
MCA filings and documents for Euro Panel Products Limited
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Recent Activity on Euro Panel Products Limited
Frequently Asked Questions about Euro Panel Products Limited
Euro Panel Products Limited is an active public limited company in the metals and minerals sector based in Borivali West, Maharashtra, India. It was incorporated on 18 December 2013 (13+ years old) and is registered under CIN L28931MH2013PLC251176. The company has 402 employees.
Euro Panel Products Limited reported revenue of ₹503.2 Cr for FY 2026 based on consolidated NSE filings.
The current directors of Euro Panel Products Limited are:
- Barkharani Harsh Nevatia - Director
- Rajesh Nanalal Shah - Managing Director
- Divyam Rajesh Shah - Whole-Time Director
- Krishna Rajesh Shah - Director
The primary industry of Euro Panel Products Limited is metals and minerals. The company specifically operates in metal manufacturing and processing. The company is currently active in this sector.
Yes, Euro Panel Products Limited is a listed company.
Euro Panel Products Limited can be reached at the registered office: 12Th Floor Borivali Sheela Chs Ltd, Solitaire Business Center Opp Ajanta Talkies Borivali West, Maharashtra, India – 400092, or through the website eurobondacp.in.