Everest Industries Limited has announced a key addition to its senior management team with the appointment of Mr. Aasheesh Saxena as Vice President (Business Head - Roofing) effective March 11, 2026. The company informed stock exchanges about this strategic appointment under Regulation 30 of the SEBI Listing Regulations.

Appointment Details

The following table summarizes the key details of Mr. Saxena's appointment:

Professional Background and Expertise

Mr. Aasheesh Saxena brings over two decades of rich experience in the building materials and consumer products sectors. He holds an MBA from Pune University and completed his Bachelor of Commerce from MS University, Baroda. His expertise spans multiple critical business functions including sales, business development, trade marketing, category development, key account management, project services, and supply chain management.

Throughout his career, Mr. Saxena has demonstrated strong capabilities in building high-performing teams and driving profitable business growth through value-added sales. His track record includes scaling sales and marketing operations, gaining market shares, establishing new businesses, and developing service capabilities across both established and new business verticals.

Previous Leadership Roles

Prior to joining Everest Industries, Mr. Saxena held several key leadership positions:

At JSW Paints, Mr. Saxena was particularly successful in establishing the project sales vertical from scratch, demonstrating his ability to build new business lines and scale operations effectively.

Strategic Value Addition

The appointment reflects Everest Industries' focus on strengthening its roofing business segment with experienced leadership. Mr. Saxena's unique blend of experiences across established businesses and new business development, combined with his deep understanding of the building materials sector, positions him well to drive growth in the company's roofing division.

His proven expertise in institutional business, project sales, and channel management aligns with the strategic requirements of the roofing business, where relationships with developers, contractors, and institutional clients are crucial for sustained growth.

Everest Industries Limited has strengthened its senior management team with the appointment of Mr. Lakshmana Rao Challa as Head Manufacturing Operations & Supply Chain Management for Fibre Cement Plants. The appointment, effective February 9, 2026, was formally communicated to the National Stock Exchange and BSE Limited under Regulation 30 of the SEBI Listing Regulations.

Key Appointment Details

Professional Background and Expertise

Mr. Challa brings over 27 years of extensive experience in operations within the building materials and automotive industries. His expertise spans multiple critical areas including manufacturing, projects, materials formulation, testing and certification, quality assurance, and supply chain management. He has demonstrated proficiency in operational excellence through Lean Six Sigma methodologies, product and process engineering, P&L management, ESG compliance, and high-performance team development.

Throughout his career, Mr. Challa has successfully led both greenfield and brownfield manufacturing setups, managed multi-plant operations, and executed large-scale technology transfers. His track record demonstrates consistent success in driving efficiency, innovation, and sustainable growth across diverse industrial environments.

Career Journey and Leadership Roles

Mr. Challa's professional journey includes significant leadership positions at prominent organizations:

• Saint-Gobain India: Founding and Executive Committee member, Head of Operations of the Home Solutions Business
• Aluplast GmbH: Leadership role in operations
• DCM Shriram Group (Fenesta): Senior operational position
• Hwaseung Group (HSI Automotives): Leadership role in automotive operations

Educational Qualifications and Training

Mr. Challa holds comprehensive educational credentials and has pursued continuous professional development:

• Technical Education: Alumnus of Central Institute of Plastics Engineering & Technology (CIPET)
• Engineering Degree: Mechanical Engineering from Institute of Engineers (India)
• Management Education: PGDBA in Operations Management from Symbiosis, Pune
• Leadership Development: Executive Development Program in Leadership & Change Management from XLRI, Jamshedpur
• International Training: Extensive technical training across Germany, Austria, France, the UK, Switzerland, China, and South Korea

Strategic Impact on Operations

The appointment of Mr. Challa as Head Manufacturing Operations & Supply Chain Management for Fibre Cement Plants positions Everest Industries to leverage his extensive experience in manufacturing excellence and supply chain optimization. His proven expertise in managing complex manufacturing operations and implementing sustainable growth strategies aligns with the company's operational objectives in the fibre cement segment.

The company has fulfilled all regulatory requirements by notifying the stock exchanges and providing comprehensive details as mandated under SEBI Listing Regulations and the relevant master circular dated January 30, 2026.