Event Details

The 93rd Annual General Meeting (AGM) of Everest Industries Limited was held on Monday, August 3, 2026 at 3:30 p.m. IST through Video Conferencing/Other Audio Visual Means. The meeting concluded at 4:47 p.m. IST (including 15 minutes for e-voting).

Attendance

Total 69 members attended the AGM. The meeting was chaired by Mr. Anant Talaulicar, Non-Executive Independent Director and Chairman.

Board Members Present

The following Board members attended and introduced themselves:

  • Mr. Anant Talaulicar, Non-Executive Independent Director (Chairman)
  • Ms. Padmini Sekhsaria, Non-Independent Director (Vice Chairperson)
  • Mr. Rajendra Chitale, Independent Director (Chairman of Audit Committee)
  • Mr. Ashok Kumar Barat, Independent Director (Chairman of Nomination & Remuneration Committee and Risk Management Committee)
  • Mr. Alok Nanda, Independent Director (Chairman of Stakeholders Relationship Committee)
  • Ms. Bijal Ajinkya, Independent Director
  • Mr. Hemant Khurana, Managing Director and CEO

Other Attendees

  • Mr. Rajesh Gagrani, Chief Financial Officer
  • Mr. Vinayak Pujare, partner of S R B C & Co. LLP, Statutory Auditors
  • Ms. Jigyasa Ved, Partner of Parikh & Associates, Scrutinizer and Secretarial Auditors

Meeting Procedures

The AGM was conducted through video conferencing platform provided by National Securities Depository Limited (NSDL). The facility was available on a first-come-first-served basis. Statutory Registers and other documents referred to in the notice were made available electronically for inspection by members during the AGM.

Voting Process

Remote e-voting facility was provided through NSDL platform from Thursday, July 30, 2026 (9:00 a.m.) to Sunday, August 2, 2026 (5:00 p.m.). Members who had not voted remotely could cast their vote during the meeting through e-voting system provided by NSDL, which was open for 15 minutes from the close of the meeting.

Resolutions Considered

The following resolutions from the Notice of 93rd AGM were considered:

Ordinary Business

1. Adoption of Audited Standalone Financial Statements for financial year ended March 31, 2026 and reports of Board of Directors and Auditors thereon

2. Adoption of Audited Consolidated Financial Statements for financial year ended March 31, 2026 and report of Auditors thereon

3. Declaration of Final Dividend of ₹1.00 per equity share of face value of ₹10 each for financial year ended March 31, 2026 (Ordinary Resolution)

4. Re-appointment of Ms. Padmini Sekhsaria (DIN: 00046486), who retires by rotation (Ordinary Resolution)

5. Appointment of M/s. Price Waterhouse Chartered Accountants LLP, Chartered Accountants (Firm Registration No. 012754N/N500016) as Statutory Auditors (Ordinary Resolution)

Special Business

6. Approval for payment of remuneration to Mr. Anant Talaulicar, Non-Executive Independent Chairman for FY 2025-26 (Special Resolution)

7. Approval for payment of remuneration to Mr. Rajendra Chitale, Non-Executive Independent Director for FY 2025-26 (Special Resolution)

8. Approval for payment of remuneration to Mr. Alok Nanda, Non-Executive Independent Director for FY 2025-26 (Special Resolution)

9. Approval for payment of remuneration to Mr. Ashok Kumar Barat, Non-Executive Independent Director for FY 2025-26 (Special Resolution)

10. Approval for payment of remuneration to Ms. Bijal Ajinkya, Non-Executive Independent Director for FY 2025-26 (Special Resolution)

11. Approval for payment of commission to Non-Executive Directors for five years effective April 1, 2026 (Special Resolution)

12. Approval for payment of commission to Mr. Anant Talaulicar, Non-Executive Independent Chairman for FY 2026-27 (Special Resolution)

13. Ratification of remuneration of M/s. R. Nanabhoy & Co., Cost Auditors for financial year ending March 31, 2027 (Ordinary Resolution)

Chairmanship Changes

Ms. Padmini Sekhsaria chaired the meeting for items 5 and 11 (remuneration-related resolutions for Mr. Anant Talaulicar) as he was interested in these items.

Auditor Reports

The Statutory Auditor's Reports on Audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026 and Secretarial Auditor's Report for FY ended March 31, 2026 do not contain any qualifications, reservations, adverse comments, or disclaimer.

Q&A Session

The Company received requests from 6 members for registering as Speaker Shareholders. 4 speaker shareholders were present, with 3 asking questions or expressing views during the Q&A session. The Chairman answered questions from speaker shareholders and questions sent by other shareholders.

Scrutinizer Appointment

Ms. Jigyasa Ved, Partner of Parikh & Associates, Practicing Company Secretaries was appointed as scrutinizer to scrutinize the e-voting process. The combined result of remote e-voting and e-voting at AGM will be uploaded along with scrutinizer's report on the company website and websites of BSE, NSE, NSDL within two working days from meeting conclusion.