Everest Industries has appointed Mr. Nachiket Badnore as Vice President & BU Head - ESBS effective June 18, 2026. He joins the senior management team with over 22 years of experience in the process industry and EPC ecosystem, bringing expertise in business leadership, P&L management, and global operations.

The appointment was intimated to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Badnore holds a Bachelor of Mechanical Engineering from Walchand Institute of Technology, Solapur, and has completed a Senior Management Development Program from the Indian Institute of Management Ahmedabad (IIMA).

Prior to joining Everest Industries , Mr. Badnore was associated with Sulzer India as Director – Static Mixer Business (Europe, Africa, Middle East & India). In this role, he held full P&L responsibility and transformed a niche business into a high-growth global business through strategic market positioning and product innovation.

Key Details of Appointment

Before his role at Sulzer India, Mr. Badnore led the Proposals & Project Management function, where he established and scaled a new process plant execution business. His career includes driving profitable growth, creating new business verticals, and delivering complex projects across international markets.

Falak Investment Pvt Ltd, the promoter of Everest Industries Ltd , has confirmed that it holds a 50.22% stake in the company as of March 31, 2026. In a disclosure to the National Stock Exchange of India Limited, the promoter stated that it has not created any encumbrance on the shares held directly or indirectly during the financial year 2025-26.

The declaration was made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing detailed the promoter's shareholding position and the status of any charges or liens on the shares as of the end of the fiscal year.

Shareholding Details

The disclosure provided specific figures regarding the promoter's holding in Everest Industries Ltd. The data indicates a significant majority stake held by Falak Investment Pvt Ltd.

The disclosure was signed by Bharat Khator, Director of Falak Investment Private Limited, and submitted to the exchange on April 06, 2026. The confirmation of no encumbrance provides clarity to shareholders regarding the free status of the promoter's holding.