Everest Organics

Everest Organics Limited has issued a postal ballot notice seeking shareholder approval for three special resolutions including appointment of Mr. Venkata Satya Subbarao Pachigolla as Whole-Time Director with Rs. 2,00,000 monthly remuneration and designation changes for two existing directors. The remote e-voting period runs from November 17, 2025 to December 16, 2025, with results to be declared by December 18, 2025.

Everest Organics Limited reported a profit of Rs 59.47 lakhs for the quarter ended September 30, 2025, compared to a loss of Rs 634.96 lakhs in the previous year quarter. Revenue from operations increased to Rs 10,022.53 lakhs from Rs 7,210.48 lakhs year-on-year. For the half-year period, the company posted a profit of Rs 256.10 lakhs versus a loss of Rs 929.03 lakhs in the corresponding previous period. The Board approved the appointment of Venkata Satya Subbarao Pachigolla as Additional Director (Whole-time Director), subject to shareholder approval through postal ballot. The company also announced designation changes for two existing directors - Kirankumar Rampally will move from Non-Executive Non-Independent to Independent Director, while Prasad Venkata Satya Sundara Srikakolapu will change from Independent Director to Non-Executive Non-Independent. The auditor's report highlighted two qualification issues: the company is operating at enhanced production levels without necessary approvals from Telangana State Pollution Control Board, and has not provided for Rs 143 lakhs in interest claimed by suppliers for delayed payments.

Everest Organics Limited's Board of Directors approved the re-appointment of Dr. Srikakarlapudi Sirisha as Managing Director for three years from August 10, 2025 to August 09, 2028, and Mr. Srikakarlapudi Harikrishna as Whole-time Director for three years from September 25, 2025 to September 24, 2028. Both appointments are subject to shareholder approval at the 32nd Annual General Meeting. The board also appointed Ms. Shweta Singh as Company Secretary and Compliance Officer effective August 05, 2025. Dr. Sirisha, 48, holds M.B.B.S and MD degrees and has been with the company since 2014, also serving as CEO. Mr. Harikrishna, 46, is a mechanical engineer who joined in 2007 and brings expertise in project planning and engineering. Both directors are promoters and related to each other. Ms. Singh is an associate member of the Institute of Company Secretaries of India with over 3 years of compliance experience.