Everest Industries Limited has announced significant changes in its senior management team, disclosing the resignation of its Internal Auditor and Chief Risk Officer and the appointment of an interim replacement. The disclosure was made on March 18, 2026, pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Leadership Transition Details

Mr. Graciano Pinto, who served as the company's Internal Auditor and Chief Risk Officer, has tendered his resignation from the position. His resignation will be effective from the close of business hours on April 7, 2026, as he seeks to pursue other opportunities outside the organization.

Interim Appointment

To ensure business continuity, the Audit Committee at its meeting held on March 18, 2026, recommended the appointment of Mr. Niranjan Gokhale as the interim Internal Auditor and Chief Risk Officer. Mr. Gokhale, who currently serves as Head Strategy, will assume the additional role and responsibilities from April 8, 2026.

Professional Background of Mr. Niranjan Gokhale

Mr. Gokhale brings extensive educational qualifications and professional experience to his new role. His academic credentials include:

• MBA from McMaster University, Canada
• Master of Science (MS), Industrial & Systems Engineering from Lehigh University, USA
• Bachelor of Engineering, Mechanical, College of Engineering, Pune University, India
• Certification from the American Production and Inventory Control Society, USA

Industry Experience and Career Progression

With over 30 years of senior management experience across diverse industries, Mr. Gokhale has demonstrated expertise in multiple functional areas. His experience spans crafting growth and diversification strategies, business development, product and project management, and finance across North America, India, and South Africa.

His career began as a management consultant at Coopers & Lybrand, New York Office, followed by leadership roles at prominent organizations including:

• Ford Motor Company (Global Finance)
• Tata Industries (Strategic Management Group)
• Cummins
• Deepak Fertilizers
• Foskor

Mr. Gokhale has worked across discrete and process manufacturing industries in various domains including Automotive, Biotechnology, Chemicals, Construction, Engineering, Mining, Petrochemicals, and Renewables. During his 6-year tenure at Everest Industries Limited as Head-Strategy, he has been involved in various areas including internal control systems and risk management.

Regulatory Compliance

The company has made this disclosure in compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company stated that it is in the process of identifying a permanent replacement for the Internal Auditor and Chief Risk Officer position while ensuring continuity through the interim appointment.

Everest Industries Limited has announced a key addition to its senior management team with the appointment of Mr. Aasheesh Saxena as Vice President (Business Head - Roofing) effective March 11, 2026. The company informed stock exchanges about this strategic appointment under Regulation 30 of the SEBI Listing Regulations.

Appointment Details

The following table summarizes the key details of Mr. Saxena's appointment:

Professional Background and Expertise

Mr. Aasheesh Saxena brings over two decades of rich experience in the building materials and consumer products sectors. He holds an MBA from Pune University and completed his Bachelor of Commerce from MS University, Baroda. His expertise spans multiple critical business functions including sales, business development, trade marketing, category development, key account management, project services, and supply chain management.

Throughout his career, Mr. Saxena has demonstrated strong capabilities in building high-performing teams and driving profitable business growth through value-added sales. His track record includes scaling sales and marketing operations, gaining market shares, establishing new businesses, and developing service capabilities across both established and new business verticals.

Previous Leadership Roles

Prior to joining Everest Industries, Mr. Saxena held several key leadership positions:

At JSW Paints, Mr. Saxena was particularly successful in establishing the project sales vertical from scratch, demonstrating his ability to build new business lines and scale operations effectively.

Strategic Value Addition

The appointment reflects Everest Industries' focus on strengthening its roofing business segment with experienced leadership. Mr. Saxena's unique blend of experiences across established businesses and new business development, combined with his deep understanding of the building materials sector, positions him well to drive growth in the company's roofing division.

His proven expertise in institutional business, project sales, and channel management aligns with the strategic requirements of the roofing business, where relationships with developers, contractors, and institutional clients are crucial for sustained growth.