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.

Everest Industries Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, revealing challenging operational performance with increased losses and declining revenue across key business segments.

Financial Performance Overview

The company reported a net loss of ₹3,172.40 lakhs for Q3FY26, significantly higher than the ₹1,185.67 lakhs loss recorded in Q3FY25. Revenue from operations declined by 26.84% to ₹26,883.42 lakhs compared to ₹36,743.26 lakhs in the corresponding quarter of the previous year.

Segment-wise Performance

Both business segments experienced revenue contraction during the quarter. The building products segment generated revenue of ₹19,679.51 lakhs in Q3FY26 compared to ₹23,718.49 lakhs in Q3FY25, representing a decline of 17.03%. The steel buildings segment faced a more pronounced impact with revenue falling to ₹7,203.91 lakhs from ₹13,024.77 lakhs, marking a 44.70% decrease.

Exceptional Items Impact

The quarter included exceptional charges totaling ₹1,329.56 lakhs, comprising two significant components. The company recognized an additional gratuity charge of ₹1,634.14 lakhs due to implementation of new Labour Codes notified by the Government of India on November 21, 2025. This was partially offset by a profit of ₹304.58 lakhs from the sale of office premises in Mumbai, which was previously classified as 'Asset Held for Sale'.

Nine-Month Performance

For the nine months ended December 31, 2025, Everest Industries reported a net loss of ₹3,664.71 lakhs compared to a loss of ₹132.45 lakhs in the corresponding period of FY25. Revenue from operations declined to ₹1,04,422.31 lakhs from ₹1,26,248.37 lakhs, representing a 17.28% decrease. The building products segment contributed ₹76,685.66 lakhs while steel buildings generated ₹27,736.65 lakhs during this period.

Earnings Per Share

Basic earnings per share for Q3FY26 stood at ₹(20.01) compared to ₹(7.49) in Q3FY25. For the nine-month period, basic EPS was ₹(23.14) against ₹(0.84) in the previous year. The company's paid-up equity share capital remained at ₹1,585.57 lakhs with a face value of ₹10 per share.

The Board of Directors approved these results at their meeting held on February 6, 2026, with statutory auditors S R B C & Co. LLP conducting a limited review in accordance with regulatory requirements.