Everest Industries Limited has accepted the resignation of Mr. Vaibhav Garg from the position of Chief Human Resources Officer (CHRO). The resignation is effective from the closing hours of July 31, 2026, as the executive seeks to pursue career opportunities outside the organization.

The disclosure was submitted to the stock exchanges on June 19, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company cited the receipt of a formal resignation email from Mr. Garg as the basis for the announcement.

Management Transition Details

The departure of the CHRO marks a change in the senior management personnel of Everest Industries . The company has acknowledged the communication and requested the exchanges to take the same on record.

The filing was signed by Amruta Avasare, Company Secretary & Compliance Officer of Everest Industries Limited.

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.