Everest Industries Limited has provided an update on the timeline for the completion of Phase II of the transfer/sale of its balance land portion at Podanur. The company is selling 6.48 acres of land situated at Podanur to G Square Properties Pvt Ltd.
The timeline for completion of this transaction has been extended and is now estimated to extend until March 31, 2027. This extension is based on the progress of needed government approvals required for the land transfer process.
This disclosure follows previous company intimations made on April 1, 2026 and April 11, 2026 regarding the same land sale transaction. The current communication serves as an update to those previous disclosures.
The intimation is made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The document was signed by Amruta Avasare, Company Secretary & Compliance Officer of Everest Industries Limited.