Everest Industries schedules 93rd AGM for Aug 3, 2026
Everest Industries Limited has announced its 93rd Annual General Meeting to be held on August 3, 2026, via video conferencing. The agenda includes the adoption of audited financial statements for FY 2025-26 and the declaration of a final dividend of Re. 1 per share. The Board has recommended the appointment of M/s. Price Waterhouse Chartered Accountants LLP as statutory auditors for a five-year term and proposed remuneration for non-executive directors, including a commission of up to Rs. 2 crore for the Chairman.
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Everest Industries Limited has scheduled its 93rd Annual General Meeting (AGM) for Monday, August 3, 2026, at 3:30 p.m. IST through Video Conferencing (VC) or Other Audio Visual Means (OAVM). The Board has recommended a final dividend of Re. 1 per equity share of face value Rs. 10 each for the financial year ended March 31, 2026, subject to shareholder approval. The record date for determining dividend entitlement has been fixed as Monday, July 27, 2026, with payment expected on or before September 1, 2026.
AGM Agenda and Resolutions
The meeting will transact ordinary and special business, including the adoption of audited financial statements for FY 2025-26 and the declaration of the final dividend. The Board has recommended the appointment of M/s. Price Waterhouse Chartered Accountants LLP (Firm Registration Number: 012754N/N500016) as Statutory Auditors for a first term of five consecutive years from the conclusion of the 93rd AGM till the conclusion of the 98th AGM. The proposed remuneration for statutory audit and quarterly limited reviews for FY 2026-27 is Rs. 57 lakhs.
Special resolutions include the approval of remuneration for Non-Executive Independent Directors for FY 2025-26, notwithstanding the absence of profits. The Board has approved remuneration of Rs. 40,00,000 for Mr. Anant Talaulicar, Non-Executive Independent Chairman, and Rs. 19,00,000 collectively for other Independent Directors—Mr. Rajendra Chitale, Mr. Alok Nanda, Mr. Ashok Kumar Barat, and Ms. Bijal Ajinkya.
E-Voting and Participation
Remote e-voting commences on Thursday, July 30, 2026, at 9:00 a.m. IST and ends on Sunday, August 2, 2026, at 5:00 p.m. IST. Members holding shares as on the cut-off date of Monday, July 27, 2026, are eligible to vote. Ms. Jigyasa N. Ved, Practising Company Secretary (Membership No. FCS 6488) of Parikh & Associates, has been appointed as the Scrutinizer for the e-voting process. The EVEN of the Company is 139980.
| Item No. | Resolution | Type |
|---|---|---|
| 1 | Adoption of Audited Financial Statements for FY 2025-26 | Ordinary |
| 2 | Declaration of Final Dividend of Re. 1/- per equity share | Ordinary |
| 3 | Re-appointment of Ms. Padmini Sekhsaria as Director | Ordinary |
| 4 | Appointment of M/s. Price Waterhouse Chartered Accountants LLP as Statutory Auditors | Ordinary |
| 5 | Approval of remuneration of Rs. 40,00,000/- to Mr. Anant Talaulicar for FY 2025-26 | Special |
| 6 | Approval of remuneration of Rs. 6,50,000/- to Mr. Rajendra Chitale for FY 2025-26 | Special |
| 7 | Approval of remuneration of Rs. 3,50,000/- to Mr. Alok Nanda for FY 2025-26 | Special |
| 8 | Approval of remuneration of Rs. 5,50,000/- to Mr. Ashok Kumar Barat for FY 2025-26 | Special |
| 9 | Approval of remuneration of Rs. 3,50,000/- to Ms. Bijal Ajinkya for FY 2025-26 | Special |
| 10 | Approval of commission to Non-Executive Directors for five years w.e.f. April 1, 2026 | Special |
| 11 | Approval of commission up to Rs. 2,00,00,000/- to Mr. Anant Talaulicar for FY 2026-27 | Special |
| 12 | Ratification of remuneration of Rs. 5,50,000/- to Cost Auditors M/s. R. Nanabhoy & Co. for FY 2026-27 | Ordinary |
Historical Stock Returns for Everest Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.18% | -2.13% | +41.58% | +7.57% | -11.38% | +24.35% |
What strategic initiatives does Everest Industries plan to undertake to improve profitability given the approval of director remuneration despite the absence of profits?
How will the appointment of M/s. Price Waterhouse Chartered Accountants LLP as statutory auditors impact the company's financial transparency and governance standards?
What factors influenced the Board's decision to recommend a final dividend of Re. 1 per share, and how might this affect shareholder sentiment and future dividend policies?
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