Everest Industries board to meet on May 26 to consider FY26 results

Everest Industries Limited has announced that its board of directors will meet on Tuesday, May 26, 2026. The meeting has been convened pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Agenda for the Meeting

The primary agenda for the upcoming board meeting includes the consideration and approval of the audited financial results of the company. The board will review both the standalone and consolidated financial results for the quarter and year ended March 31, 2026.

Furthermore, the directors will deliberate upon the recommendation of a final dividend on the equity shares of the company for the financial year ended March 31, 2026, if any.

Trading Window Closure

In continuation of a previous intimation dated March 26, 2026, regarding the closure of the trading window, the company has informed stakeholders that the trading window for dealing in the shares of Everest Industries Limited shall remain closed. The closure period is effective from April 1, 2026, to May 28, 2026, inclusive of both dates.

The announcement was made by Amruta Avasare, Company Secretary & Compliance Officer, on May 19, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.02%	+3.50%	-3.44%	-30.25%	-22.13%	+7.16%

Everest Industries Limited has successfully completed the Phase I sale of its vacant land at Podanur, marking a significant milestone in the company's asset monetization strategy. The transaction was concluded on April 10, 2026, with the execution of a Sale Deed with G Square Properties Private Limited.

Transaction Details

The company has sold 16.84 acres of vacant, excess land located at Kurichi Village, Podanur, Madukkarai Taluk, Coimbatore District, Tamil Nadu. This represents the first phase of a larger land disposal plan that encompasses 23.32 acres of total salable land.

Parameter	Details
Land Area Sold	16.84 acres (as per documents of title)
Equivalent Area (Patta)	18.99 acres
Equivalent Area (FMB)	19.41 acres
Buyer	G Square Properties Private Limited
Transaction Date	April 10, 2026
Location	Kurichi Village, Podanur, Coimbatore District

Financial Consideration

The Phase I transaction has generated substantial proceeds for Everest Industries. The consideration received up to the date of execution includes advance payments and the final settlement amount.

Payment Schedule	Amount	Date
Term Sheet Signing	Rs. 7.00 crores	August 28, 2025
Environmental Clearance	Rs. 8.00 crores	November 10, 2025
Phase I Completion	Rs. 85.83 crores (including TDS)	April 10, 2026
Total Received	Rs. 100.83 crores	As of April 10, 2026

The total consideration for the entire 23.32 acres of land is Rs. 133.86 crores, with the remaining amount expected upon completion of Phase II.

Transaction Structure

The deal involves multiple agreements executed simultaneously, including a Sale Deed, gift deed, and premium agreement. This structure accommodates the buyer's request for certain portions of the land to be gifted, with corresponding consideration included in the premium agreement.

Future Timeline

The remaining 6.48 acres of land under Phase II is expected to be transferred by November 4, 2026, completing the entire land disposal transaction. This phased approach allows for systematic execution while ensuring regulatory compliance.

Regulatory Compliance

The transaction has been conducted in full compliance with SEBI regulations, specifically under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The buyer, G Square Properties Private Limited, is not related to Everest Industries' promoter group, ensuring the transaction remains at arm's length and outside the scope of related party transactions.