What does Euro Multivision Limited manufacture?

Euro Multivision Limited manufactures solar photovoltaic (PV) modules used in solar power generation systems. The company was established to produce crystalline silicon solar modules for the domestic Indian solar energy market and export markets.

Why is Euro Multivision's share price only Rs 0.05?

Euro Multivision has been in severe financial distress for an extended period. The company defaulted on debt obligations, and its operations were largely curtailed due to competition from low-cost Chinese imports and inability to access working capital. The near-zero share price reflects deep accumulated losses and near-complete erosion of shareholder equity.

Is Euro Multivision listed on the stock exchange?

Euro Multivision was originally listed on the Bombay Stock Exchange (BSE). However, trading has been suspended by BSE due to non-compliance with SEBI's Listing Obligations and Disclosure Requirements (LODR) regulations and failure to file financial results. The shares are effectively illiquid and trade, if at all, only in the unlisted grey market at near-zero prices.

Where is Euro Multivision's manufacturing facility?

Euro Multivision's solar PV module manufacturing facility was located in Gujarat, aligning with the state's early push to develop a solar energy manufacturing ecosystem.

When was Euro Multivision incorporated?

Euro Multivision Limited was incorporated in 2004 in Maharashtra, with manufacturing operations set up in subsequent years as India's solar energy market was nascent but growing.

How do I buy Euro Multivision unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Euro Multivision?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Euro Multivision shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Euro Multivision Unlisted Share Price | Buy Euro Multivision Pre-IPO Shares — wisefolio

Investment Thesis

Euro Multivision is a deeply distressed, effectively dormant company in the solar PV sector with near-zero equity value. It is a cautionary tale of an early-mover that was unable to withstand the structural disruption caused by low-cost Chinese solar module imports. Investment carries extreme risk of total capital loss. The company has negligible investable merit in its current state.

Pros

Euro Multivision was an early mover in India's solar PV module manufacturing sector, positioning itself in a segment that has since become strategically critical under India's National Solar Mission
The company had manufacturing infrastructure for solar photovoltaic modules in Gujarat, a state that has historically been a hub for solar energy development and manufacturing
India's renewable energy ambition (500 GW by 2030) creates a structural long-term demand argument for domestic solar module manufacturers
Solar module manufacturing benefits from Production Linked Incentive (PLI) schemes introduced by the Government of India for advanced solar cells and modules

Cons

Euro Multivision has been in severe financial distress for many years, with extremely low share price (Rs 0.05) reflecting near-complete erosion of equity value
Trading in the company's shares has been suspended on BSE due to failure to comply with listing obligations and financial reporting requirements
The company was unable to compete with aggressive pricing from Chinese solar module manufacturers that entered the Indian market from 2011 onwards, severely compressing margins
Operations at the solar module manufacturing facility have been largely halted or significantly curtailed due to financial difficulties
The Indian solar manufacturing sector is now dominated by large-scale players (Adani Solar, Waaree Energies, Vikram Solar, Renewsys) with far greater scale and technological capabilities
Accumulated losses and debt defaults have made Euro Multivision unviable as a going concern in its current state

Business Segments

Solar PV Module Manufacturing

Manufacturing of crystalline silicon solar photovoltaic modules for ground-mounted solar farms, rooftop solar installations, and off-grid solar applications

Revenue Model

Euro Multivision's revenue model was based on manufacturing and selling solar PV modules to project developers, EPC contractors, and government solar scheme implementors. Revenue was driven by watt-peak (Wp) capacity sold multiplied by module selling price per Wp. The company targeted domestic Indian clients under state and central government solar schemes and explored export sales.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds10

Growth Plans

A large solar manufacturer could potentially acquire Euro Multivision's physical plant and land assets at distressed prices to add capacity without the greenfield development timeline

India's anti-dumping and safeguard duties on Chinese solar modules, if sustained at high levels, theoretically improve economics for domestic manufacturing

Debt resolution through one-time settlement with banks could theoretically provide a clean-slate balance sheet for a new investor

Industry Tailwinds

Recent Developments

Continued Operational and Regulatory Dormancy

Euro Multivision remained operationally inactive or minimally active with no announced restart plans; BSE trading suspension continued; lenders reportedly exploring recovery options

2020–2023

Missed PLI Opportunity

India's PLI scheme for solar PV modules was launched; however, Euro Multivision lacked the financial wherewithal and scale to apply for or benefit from the PLI incentives that required significant upfront manufacturing investment

2023

Comparable Companies

CompanyTypeTickerMkt Cap

Waaree Energies LimitedListedWAAREEENER~INR 22,000 Cr

Premier Energies LimitedListedPREMIERENE~INR 12,000 Cr

Waaree Energies LimitedListed

WAAREEENER · ~INR 22,000 Cr

Premier Energies LimitedListed

PREMIERENE · ~INR 12,000 Cr

Frequently Asked Questions

Euro Multivision's financial difficulties arose primarily from the massive influx of low-cost Chinese solar modules into India from around 2011, which made Indian domestic manufacturing uncompetitive on price. The company, which had invested in manufacturing capacity, was unable to service its debt as revenues collapsed. Government policy on safeguard/anti-dumping duties on Chinese imports came too late to save smaller manufacturers like Euro Multivision.

About Euro Multivision

Euro Multivision Limited is a Mumbai-based company incorporated in 2004 (CIN: L32300MH2004PLC145995) that was originally engaged in solar photovoltaic (PV) module manufacturing. The company operated manufacturing facilities for solar panels targeting India's early solar energy market. However, Euro Multivision has become effectively dormant or near-dormant — described as a penny stock with minimal active operations. The company's solar manufacturing business was unable to scale competitively in the face of declining solar module prices driven by massive Chinese manufacturing capacity. India's solar sector has seen enormous growth, but the beneficiaries have been large-scale manufacturers with scale advantages, not early-stage small manufacturers. Companies like Adani Solar, Waaree Energies, and Vikram Solar have captured the Indian solar manufacturing opportunity through massive scale investments. For investors, Euro Multivision is a dormant or near-dormant micro-cap with extremely limited operational activity. Shares available on unlisted platforms carry very high risk and are suitable only for highly speculative investors with deep understanding of the company's current status. Any investment should be preceded by thorough due diligence on the current operational state.

Key Milestones

2004: Euro Multivision Limited incorporated in Maharashtra

2006–2008: Set up solar PV module manufacturing facility in Gujarat; positioned to benefit from early India solar energy interest

Common questions about unlisted shares

How do I buy Euro Multivision unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

Euro Multivision Limited

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