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.

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.