Everest Organics Limited has scheduled its 33rd Annual General Meeting for Wednesday, September 30, 2026. The meeting will be conducted through video conferencing or other audio-visual means using the e-AGM facility of Central Depository Services Limited.

The company published the notice in Telugu Prabha and The South India Times on September 9, 2026. Electronic copies of the annual report for FY26 and the AGM notice have been dispatched to members with registered email addresses. Physical copies were sent to eligible members on September 8, 2026.

Voting and Eligibility Details

Remote e-voting will commence on Sunday, September 27, 2026, at 9:00 am and conclude on Tuesday, September 29, 2026, at 5:00 pm. The e-voting module will be disabled by CDSL immediately after the deadline. The cut-off date for determining voting eligibility is Friday, September 25, 2026.

Mr. Y Ravi Prasad Reddy of RPR & Associates has been appointed as the scrutinizer to supervise the e-voting process. The electronic voting system number is 260817026.

Share Transfer Restrictions

The register of members and share transfer books will remain closed from September 26, 2026, to September 30, 2026, inclusive. This closure facilitates the preparation of the register for the AGM.

The notice is available on the company website, stock exchange portals, and the CDSL e-voting platform.

Everest Organics returned to profitability in FY26, reporting a net profit of ₹554.65 lakh against a net loss of ₹129.03 lakh in the previous year. The company also announced that its 33rd Annual General Meeting (AGM) will be held on September 30, 2026.

Revenue from operations grew 23% to ₹19,615.77 lakh, up from ₹15,947.90 lakh in FY25. This top-line expansion was accompanied by a significant improvement in operating efficiency, with profit before financial cost, depreciation, and tax (PBDIT) more than doubling to ₹2,105.72 lakh from ₹790.98 lakh.

Financial Performance

The turnaround in profitability was driven by higher revenue and improved cost absorption. While finance costs increased to ₹652.76 lakh from ₹518.99 lakh, the overall operational gains outweighed these expenses. Earnings per share (EPS) stood at ₹5.70 for the year.

What the Numbers Show

The divergence between revenue growth and margin expansion highlights improved operational leverage. Revenue rose by approximately ₹3,668 lakh, while total expenses grew by only ₹2,596 lakh. This indicates that the additional revenue generated contributed disproportionately to the bottom line, allowing the company to cover fixed costs more effectively and reverse the prior year's loss.

Governance and Regulatory Updates

The Board did not recommend a dividend for FY26, opting instead to retain earnings to strengthen the balance sheet. Reserves and surplus increased to ₹6,576.77 lakh.

The AGM agenda includes the ratification of remuneration for cost auditors and the appointment of three new independent directors: Mr. Venkata Ramana Narra, Mr. Srikanth Reddy Kolli, and Mr. Subroto Banerjee. Remote e-voting will be open from September 27 to September 29, 2026.

Auditor Qualifications

The statutory auditors issued a qualified opinion regarding environmental compliance. The Telangana State Pollution Control Board (TSPCB) has stipulated that the company cannot exceed its approved production capacity. Management stated that applications for Consent for Establishment (CFE) for enhanced capacities are pending approval, though an Environmental Clearance Certificate has been obtained.