Everest Organics adopts FY26 financials at 33rd AGM held virtually
- Everest Organics adopted audited financial statements for FY26 at its 33rd AGM
- Statutory auditors issued a qualified opinion on production capacity approvals
- Three independent directors appointed via special resolutions
- Virtual meeting held on September 30, 2026, with 85 participants
*this image is generated using AI for illustrative purposes only.
Everest Organics Limited concluded its 33rd Annual General Meeting on September 30, 2026, via Video Conferencing. The meeting saw the adoption of audited financial statements for the fiscal year ended March 31, 2026, alongside the re-appointment of a director and ratification of auditor remuneration.
The proceedings were conducted in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dr. Sirisha Srikarlapudi, Managing Director, addressed members regarding the company's operational performance and future priorities. A total of 85 members participated through video conferencing, including one promoter group member and 84 public shareholders.
Key resolutions passed
The following items were discussed and resolved during the meeting:
| Resolution Type | Description |
|---|---|
| Ordinary | Adoption of Audited Financial Statements for FY26 |
| Ordinary | Re-appointment of Mr. Venkata Satya Subbarao Pachigolla |
| Ordinary | Ratification of Cost Auditor remuneration for FY27 |
| Special | Appointment of Mr. Venkata Ramana Narra as Independent Director |
| Special | Appointment of Mr. Srikanth Reddy Kolli as Independent Director |
| Special | Appointment of Mr. Subroto Banerjee as Independent Director |
Audit observations and compliance
The Statutory Auditors' Report contained a qualified opinion concerning the company's production capacity and related approvals from the Telangana State Pollution Control Board. The Secretarial Auditors' Report noted certain delays in compliances but did not contain other qualifications. The Board confirmed that all regulatory requirements for holding the virtual meeting were met, with remote e-voting facilitated by Central Depository Services (India) Limited.
Governance updates
Five directors attended the meeting, including Chairman Mr. Venkata Ramana Narra and Whole-time Director Mr. Venkata Satya Subbarao Pachigolla. Mr. Y Ravi Prasada Reddy of M/s. RPR & Associates served as the Scrutinizer for the electronic voting process. Voting results were scheduled to be communicated to stock exchanges within prescribed timelines.
Historical Stock Returns for Everest Organics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.21% | -9.13% | -21.60% | -5.44% | -43.59% | -28.27% |
How will Everest Organics address the qualified audit opinion regarding its production capacity and pending approvals from the Telangana State Pollution Control Board?
What specific operational priorities did Managing Director Dr. Sirisha Srikarlapudi outline to drive growth following the adoption of the FY26 financial statements?
How might the appointment of three new independent directors influence the company's governance standards and strategic decision-making in the coming fiscal year?
16
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
