Euro Pratik to acquire 51% of Drashti for Rs 31.12 crore

Euro Pratik Sales Limited announced on 5 November 2026 that it will acquire a 51% controlling stake in Drashti Surfaces Private Limited for up to Rs 31.12 crore, alongside a loan commitment of up to Rs 20 crore. The proposed transaction adds veneer and laminate manufacturing facilities in Bhilad and Silvassa to Euro Pratik’s decorative-surfaces platform.

What is Euro Pratik acquiring from Drashti?

Euro Pratik is acquiring a 51% controlling interest in Drashti, a manufacturer of premium veneers and decorative laminates promoted by Jitendra Nandu. The announced investment is up to Rs 31.12 crore, while the transaction also carries a loan commitment of up to Rs 20 crore. The release does not disclose Drashti’s revenue, profit, valuation, production capacity or ownership of the remaining 49% stake.

Drashti operates manufacturing facilities in Bhilad, Gujarat, and Silvassa, Dadra and Nagar Haveli. Its portfolio includes decorative laminates, veneer solutions and value-added surface products for residential, commercial and architectural applications. Euro Pratik identified Drashti’s specialist products as synchronised laminates, release paper laminates, dyed veneers, metallic veneers and marquetry.

When is the Drashti transaction expected to close?

Euro Pratik expects the transaction to be completed within 90 days of executing the Share Purchase and Subscription Agreement, according to its 5 November 2026 announcement. This is an expected timetable rather than a confirmed closing date. The release does not state whether regulatory approvals, lender consents, shareholder approvals or other closing conditions apply.

Euro Pratik said the up to Rs 31.12 crore investment and up to Rs 20 crore loan commitment will be funded in phases through internal accruals. Management described the acquisition structure as capital-efficient and referred to the company’s balance sheet, but did not disclose payment dates, cash balances, borrowings or the intended use of the proposed loan at Drashti.

How does Drashti change Euro Pratik’s operating model?

Euro Pratik said Drashti will provide an owned manufacturing base for premium veneers and decorative laminates, with the intended effect of improving control over quality, costs and speed-to-market. That would add manufacturing to Euro Pratik’s fixed asset-light model, which currently operates through more than 45 contract manufacturers in India and abroad. The release does not say that contract manufacturers will be replaced after the deal.

Euro Pratik’s existing portfolio covers more than 30 product categories, more than 3,300 designs and more than 113 catalogues. It reports a market share of over 16% in the organised wall-panel segment, whereas Drashti adds specialised veneer and decorative-laminate production at two facilities. The transaction therefore combines Euro Pratik’s distribution-led offering with Drashti’s manufacturing capability, rather than disclosing a plan to remove overlapping products.

How will Euro Pratik and Drashti use their customer networks?

Euro Pratik said the combination is intended to extend its presence across retail, institutional and international channels. Its network spans more than 195 cities through 208 distributors and is supported by more than 269,716.50 square feet of warehouse space in Bhiwandi. Drashti contributes relationships with architects, interior designers, furniture manufacturers, contractors, builders, hospitality players and developers.

Drashti has an export presence across Asia, the US, Europe, the Middle East and Africa, while Euro Pratik has subsidiaries in the US and UAE. Management said Drashti could use Euro Pratik’s distributor and dealer network, while Euro Pratik could access Drashti’s factories, institutional customer relationships and product innovations. The announcement does not quantify Drashti’s export sales, customer count, order book or projected revenue synergies.

What earlier acquisitions does the Drashti deal build on?

Management said the transaction follows Euro Pratik’s acquisitions of URO Veneer World and Chawla Brothers, which it said strengthened its retail footprint and distribution presence in key markets. Drashti is positioned differently because it adds manufacturing in premium veneers and decorative laminates. The announcement gives no values, completion dates or financial contribution for the two earlier acquisitions.

Euro Pratik said the proposed combination could create synergies in manufacturing, distribution, design innovation and customer relationships. Those outcomes are management expectations rather than reported results, as the 5 November 2026 release provides no targets for revenue, margin, capacity utilisation, integration costs or cost savings. The mechanisms identified are Drashti’s two production sites and institutional links alongside Euro Pratik’s brand and 208-distributor network.

Conclusion

The proposed 51% acquisition gives Euro Pratik a controlling stake in Drashti for up to Rs 31.12 crore and adds manufacturing facilities in Bhilad and Silvassa to a business that uses more than 45 contract manufacturers. The separate loan commitment of up to Rs 20 crore takes the combined disclosed commitment to up to Rs 51.12 crore, although the release does not specify the loan’s use or drawdown schedule.

The next stated milestone is completion within 90 days after execution of the Share Purchase and Subscription Agreement. Investors can watch for confirmation of closing and management disclosures on the phased funding, the up to Rs 20 crore loan, and the integration of Drashti’s factories and export relationships with Euro Pratik’s presence in more than 195 cities.