EVEREST INDUSTRIES LTD.

Everest Industries Limited announced the appointment of M/s. Price Waterhouse Chartered Accountants LLP as its new Statutory Auditors. This decision was approved by the company's members at the 93rd Annual General Meeting (AGM) held on August 3, 2026. The appointment is for a first term of five consecutive years, commencing from the conclusion of the 93rd AGM until the conclusion of the 98th AGM. The previous auditors, M/s. S R B C & Co. LLP, completed their second term at the conclusion of the 93rd AGM. Price Waterhouse Chartered Accountants LLP, established in 1991 and converted to an LLP in 2014, is a member firm of Price Waterhouse & Affiliates and provides auditing and assurance services.

Everest Industries Ltd has received a show cause notice (DRC 01) from the Assistant Commissioner of State Tax, Balasore, Odisha, under Section 73 of the CGST Act, 2017 & OGST Act, 2017. The notice pertains to the financial year 2022-23 and raises concerns regarding short payment of GST due to overstating turnover adjustment, non-permissibility of breakage credit notes, incorrect claiming of turnover discounts, excess Input Tax Credit (ITC) claimed, and ineligible ITC on blocked credits. The total demand raised is ₹3,17,49,077/-, comprising Tax (₹1,87,60,756/-), Interest (₹1,11,02,255/-), and Penalty (₹18,86,066/-). The company believes it has strong legal grounds and expects no material financial impact, as it prepares its response.

Everest Industries Ltd announced that its Board of Directors, in a meeting held on July 27, 2026, approved the voluntary winding-up of its wholly owned subsidiary, Everest Building Products, located in Mauritius. The company stated that Everest Building Products is not a material subsidiary and its closure will not impact the overall revenue, business, or profitability of Everest Industries Ltd. The subsidiary's financial contribution as of March 31, 2026, was negligible, with revenue at Nil (0%) and net worth at a loss of ₹5.16 lakhs (0.01%). The reason cited for the winding-up is to simplify the group structure. The exact closure date will be communicated later.

Everest Industries Ltd announced that its Board of Directors met on July 27, 2026, to consider and approve the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The Audit Committee had recommended these results. The company also submitted the Limited Review Reports from its statutory auditors, S R B C & Co. LLP, along with the financial results and segment-wise details for the specified quarter. The board meeting commenced at 4:00 p.m. IST and concluded at 6:30 p.m. IST.

Everest Industries Ltd's Board of Directors, at a meeting held on July 27, 2026, approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The results, recommended by the Audit Committee, were reviewed by the statutory auditors, M/s. S R B C & Co., LLP, who issued Limited Review Reports. The board meeting commenced at 4:00 p.m. and concluded at 6:30 p.m. (IST).

Everest Industries Ltd has received a show cause notice (DRC 01) from the Assistant Commissioner of Central Goods and Service Tax, Kurukshetra, Haryana. The notice, issued under Section 74 of the CGST Act, 2017 & HGST Act, 2017 and Section 20 of IGST Act, 2017, pertains to alleged wrong availment of input tax credit (ITC) on hotel and accommodation expenses, and short-payment of GST on freight and security services for the financial years 2020-21 to 2023-24. The total tax demand raised is ₹1,35,68,692/-. The company states there is no material impact on its financial, operational, or other activities and believes it has strong legal grounds to defend its case. Everest Industries is preparing a response to the notice.

Everest Industries Ltd has announced that its Board of Directors will convene on July 27, 2026. The primary agenda item is to consider and approve the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. Additionally, the company confirmed that the trading window for its shares will remain closed from July 1, 2026, to July 29, 2026, inclusive, in line with previous intimations.

Everest Industries Ltd has announced the appointment of Dr. Ujjal Bhattacharjee as the Chief Human Resources Officer (CHRO) effective July 16, 2026. Dr. Bhattacharjee brings over 25 years of extensive experience in HR leadership across manufacturing, engineering, and automotive sectors. His qualifications include a Ph.D. in Management and an MPM, along with global executive programs. He has previously held senior HR roles at companies like Foseco India, GKN Sinter Metals India, Fresenius Kabi India, and Biorad Medisys. His appointment is expected to bolster the company's senior management team and contribute to organizational transformation and business growth.

Everest Industries Ltd has dispatched a letter to shareholders who have not registered their email addresses, providing a web-link to access the Annual Report for FY 2025-26 and the Notice of the 93rd Annual General Meeting. The AGM is scheduled for August 3, 2026, via Video Conferencing. The company is also providing details for e-voting and encourages shareholders to update their KYC and email details. The Annual Report and AGM Notice are available on the company's website and stock exchange portals.

Everest Industries Ltd. has announced its 93rd Annual General Meeting (AGM) will be held on August 3, 2026, at 3:30 p.m. IST via Video Conferencing. The company has also released its Annual Report for the Financial Year 2025-26, which includes the Notice of the 93rd AGM. The report is available on the company's website and has been sent electronically to registered members. The filing details the e-voting process, including remote e-voting from July 30 to August 2, 2026, and e-voting during the AGM. The Annual Report covers corporate information, financial highlights, business performance across segments like Roofing Solutions, Boards & Panels, and Pre-Engineered Building Solutions, management discussion, and statutory reports.