Key Development
Mr. Arun Prasath Ramadoss [DIN: 08050231], Whole-Time Director and Key Managerial Personnel, has resigned from his executive position. He will step down from the role of Whole-Time Director and continue on the Board as Non-Executive Non-Independent Director.
Effective Date
The change will take effect from the closure of business hours on January 28, 2027.
Reason for Change
Mr. Ramadoss cited preoccupation with other professional activities as the reason for stepping back from day-to-day executive responsibilities. He confirmed there are no other material reasons for his resignation from the Whole-Time Director position.
Transition Details
- Mr. Ramadoss will continue to serve the company in a strategic capacity as Promoter and Non-Executive Director
- During the three-month notice period (until January 28, 2027), he will continue to discharge his duties and cooperate in an orderly handover of responsibilities
- The company will need to nominate replacement person(s) for his executive responsibilities
Documentation
The filing includes:
- Annexure I: Required disclosure particulars as per SEBI format
- Annexure II: Resignation letter from Mr. Arun Prasath Ramadoss dated October 28, 2026
Company Actions Required
- Take note of resignation at next Board meeting and record in minutes
- Make necessary disclosures to statutory authorities within prescribed time
- Update company's statutory registers and records accordingly
- Host this disclosure on company website at https://everestims.com/investor-relationship.html
Additional Information
- Mr. Ramadoss is a promoter of the company
- The resignation is only from the executive office of Whole-Time Director
- He will continue as Director in non-executive capacity on mutually agreed terms
- The company's registered address: Sree Gururaya Mansion, SN 1, No 759. 8th Main Rd, South Wing, KSRTC Layout, J. P. Nagar 3rd Phase, Bengaluru, 560 078, Karnataka