Euro Panel Products Ltd

- Euro Panel Products set up a wholly owned subsidiary in Qatar named Euro Panel Products Trading. - Capital invested is 100,000 QAR, representing full ownership. - The subsidiary will operate in retail and wholesale of décor and construction materials. - No related party transaction involved; newly incorporated on August 28, 2025.

📌 Overview:

• Euro Panel Products Limited has established a wholly owned subsidiary named Euro Panel Products Trading in Qatar.
• The subsidiary was incorporated on August 28, 2025.

💰 Financial Details:

• The capital of the new company is 100,000 QAR, all subscribed by the parent company.
• Since it is newly incorporated, there is no turnover reported yet.

🏢 Business Activities:

• The subsidiary will engage in retail sale of décor products, industrial roofs, insulation, building materials.
• It will also be involved in wholesale of construction and metal materials.

⚖ Ownership & Related Party:

• The parent company holds 100% ownership/control.
• There are no related party transactions involved in this initial subscription.
• The promoters or group companies do not have separate interests in this subsidiary.

🛠 Objective:

• The move expands the company’s footprint in Qatar to engage in related but possibly new market verticals aligned with its main business.

📋 Regulatory Approval:

• Approval obtained from Ministry of Commerce and Industry, Qatar for incorporation.

📆 Timeline & Considerations:

• No specific completion time relevant as the subsidiary is already incorporated.
• Consideration was cash subscription for share capital.

🔎 Perception:

• This update informs stakeholders of the company’s strategic expansion via a new overseas subsidiary.
• The move into retail and wholesale in Qatar indicates a potential growth avenue but no operational results are present yet.
• Since immediate financial impact is limited to capital invested, investors might watch future developments closely for business performance.

Overall, this disclosure highlights the company's step to build presence in an international market through a wholly owned venture in a related industry segment. Investors learning about this for the first time would understand it as an early stage expansion with potential but without immediate revenue or profits.