Everest Industries Limited has announced key leadership changes in its risk management and internal audit functions, with the Board of Directors approving the appointment of Mr. Niranjan Gokhale as Internal Auditor and Chief Risk Officer effective April 8, 2026.

Board Approval and Appointment Details

The company's Board of Directors approved this appointment during their meeting held on March 26, 2026, following a recommendation from the Audit Committee. This strategic move ensures continuity in critical governance positions following the resignation of the existing Internal Auditor and Chief Risk Officer, which takes effect on April 7, 2026.

Professional Background and Qualifications

Mr. Niranjan Gokhale brings extensive educational credentials and professional experience to his new role. He holds an MBA from McMaster University, Canada, and a Master of Science in Industrial & Systems Engineering from Lehigh University, USA. His undergraduate degree is in Mechanical Engineering from the College of Engineering, Pune University, India. Additionally, he is certified by the American Production and Inventory Control Society, USA.

Career Experience

With over 30 years of senior management experience across diverse industries, Mr. Gokhale has demonstrated expertise in multiple functional areas:

• Growth and diversification strategies
• Business development
• Product and project management
• Finance operations

His professional journey spans three continents, with experience in North America, India, and South Africa across discrete and process manufacturing industries.

Industry Experience and Leadership Roles

Mr. Gokhale's career began as a management consultant at Coopers & Lybrand's New York Office. He subsequently held leadership positions at several prominent organizations including Ford Motor Company in Global Finance, Tata Industries' Strategic Management Group, Cummins, Deepak Fertilizers, and Foskor.

His industry expertise covers multiple domains:

• Automotive
• Biotechnology
• Chemicals
• Construction
• Engineering
• Mining
• Petrochemicals
• Renewables

Current Role at Everest Industries

Mr. Gokhale has been serving Everest Industries Limited for the past 6 years as Head-Strategy. In this capacity, he has been responsible for various strategic areas, including internal control systems and risk management, making him well-positioned for his expanded responsibilities as Internal Auditor and Chief Risk Officer.

Regulatory Compliance

This appointment has been communicated to both the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has indicated that it continues to identify permanent candidates for these positions while ensuring operational continuity through this interim arrangement.

Everest Industries Limited has announced the appointment of new statutory auditors following a board meeting held on March 26, 2026. The decision comes as part of the mandatory rotation of auditors as prescribed under the Companies Act, 2013.

Board Recommendation for New Auditors

The Board of Directors, based on the recommendation of the Audit Committee, has approved the appointment of M/s. Price Waterhouse Chartered Accountants LLP as the company's statutory auditors. The appointment requires shareholder approval at the upcoming Annual General Meeting.

Transition from Current Auditors

The current statutory auditors, M/s. S R B C & Co. LLP (ICAI Firm Registration No. 324982E/E300003), will complete their second term at the ensuing 93rd Annual General Meeting. This transition aligns with the provisions of Section 139 of the Companies Act, 2013, which mandates auditor rotation after completion of their tenure.

Profile of Incoming Auditors

Price Waterhouse Chartered Accountants LLP brings substantial experience to the role. The firm was established in 1991 and converted into a limited liability partnership in 2014. Key highlights of the firm include:

• Registered Office: Sucheta Bhawan, 11A Vishnu Digambar Marg, New Delhi - 110 002
• Network Presence: Seventeen branch offices across various cities in India
• Professional Strength: More than 125 Assurance Partners as of December 31, 2025
• Network Affiliation: Member firm of Price Waterhouse & Affiliates (Network Registration No. NRN/E/14)

The firm specializes in providing auditing and other assurance services and maintains a valid peer review certificate. It has extensive experience auditing various companies listed on stock exchanges in India.

Regulatory Compliance

The appointment notification was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has informed both the National Stock Exchange of India Limited and BSE Limited about this corporate development.

The appointment is subject to approval by the members of the company at the 93rd Annual General Meeting. Once approved, Price Waterhouse Chartered Accountants LLP will serve as statutory auditors for the first term of five consecutive years, ensuring continuity in the company's audit processes and regulatory compliance.