Everest Buildpro Private Limited, a wholly owned subsidiary of Everest Industries , has withdrawn its capital expenditure plan of Rs 138 crore for a proposed Fibre Cement Boards plant in Assam. The board of the subsidiary decided to surrender the allocated land back to the Assam Industrial Development Corporation Limited (AIDC) following a reassessment of the investment's feasibility. The company stated that this decision will not adversely impact its financials.

The board of directors of the subsidiary had initially approved the CAPEX on February 25, 2025. Subsequently, the entity had invested Rs 10.90 crore towards acquiring the land at Matia, Goalpara from AIDC. The decision to withdraw the plan was taken during a meeting held on July 3, 2026, based on business considerations.

Key Details of the Withdrawal

The intimation regarding the withdrawal was submitted to the National Stock Exchange of India Limited and BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Everest Industries has fixed Monday, July 27, 2026, as the record date to determine shareholder eligibility for a final dividend of ₹1.00 per equity share for the financial year 2025-26. The payment is scheduled to be made by September 1, 2026, subject to the declaration of the dividend at the company’s upcoming Annual General Meeting. The dividend will be paid after deducting tax at source to shareholders holding shares in dematerialized form based on data provided by depositories, as well as those holding shares in physical form, provided valid transmission or transposition requests are lodged by the close of business hours on the record date.

The 93rd Annual General Meeting of the members of Everest Industries Limited is scheduled for Monday, August 3, 2026, at 3:30 p.m. IST. The meeting will be conducted through Video Conferencing or Other Audio Visual Means in compliance with applicable circulars from the Ministry of Corporate Affairs and the Securities and Exchange Board of India. The record date announcement was made in accordance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Dividend and Record Date Details

The following table outlines the specifics of the corporate action:

There will be no book closure for this corporate action. The final dividend is applicable to equity shares with a face value of ₹10 each.