Falak Investment Pvt Ltd, the promoter of Everest Industries Ltd , has confirmed that it holds a 50.22% stake in the company as of March 31, 2026. In a disclosure to the National Stock Exchange of India Limited, the promoter stated that it has not created any encumbrance on the shares held directly or indirectly during the financial year 2025-26.

The declaration was made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing detailed the promoter's shareholding position and the status of any charges or liens on the shares as of the end of the fiscal year.

Shareholding Details

The disclosure provided specific figures regarding the promoter's holding in Everest Industries Ltd. The data indicates a significant majority stake held by Falak Investment Pvt Ltd.

The disclosure was signed by Bharat Khator, Director of Falak Investment Private Limited, and submitted to the exchange on April 06, 2026. The confirmation of no encumbrance provides clarity to shareholders regarding the free status of the promoter's holding.

Everest Industries Limited reported a consolidated net loss of ₹10,168.70 lakh for the financial year ended March 31, 2026, significantly widening from the net loss of ₹360.41 lakh in the previous year. The company's revenue from operations for FY26 stood at ₹1,41,699.84 lakh, a decline from ₹1,72,281.72 lakh in FY25. The performance was weighed down by exceptional items, segment-level stress, and a notable contraction in quarterly revenue.

The Board of Directors, at its meeting held on May 26, 2026, approved the audited standalone and consolidated financial results. The statutory auditors, M/s. S R B C & Co., LLP, issued an unmodified opinion on the financial results. The Board recommended a final dividend of ₹1.00 per equity share of face value ₹10 each for FY26, subject to shareholder approval.

Financial Performance

The company's financial performance for the year was impacted by exceptional items. An impairment loss of ₹2,870.00 lakh was recognised related to its subsidiary Everest Buildpro Pvt Ltd, comprising ₹1,500.88 lakh on equity shares and ₹1,369.12 lakh on inter-corporate deposits. Additionally, the company recognised an additional charge of ₹1,634.14 lakh pertaining to gratuity due to the implementation of new Labour Codes. The Steel Buildings segment reported a loss before tax and finance costs of ₹5,521.69 lakh for the year, while the Building Products segment reported a profit of ₹5,799.06 lakh.

Consolidated Results Summary

The following table presents the full-year consolidated financial performance:

Quarterly Performance

For the quarter ended March 31, 2026, Everest Industries reported a sharp deterioration in performance on a year-on-year basis. The net loss widened significantly while revenue contracted substantially compared to the same period in the prior year.

Segment Performance

Revenue from the Building Products segment for FY26 was ₹1,08,150.08 lakh, while the Steel Buildings segment contributed ₹33,549.76 lakh. Total consolidated assets as of March 31, 2026, stood at ₹1,21,055.02 lakh, compared to ₹1,31,169.54 lakh in the previous year. The company's cash and cash equivalents increased to ₹4,470.52 lakh as of March 31, 2026, from ₹991.11 lakh a year ago.