Everest Industries Shareholders Approve Hemant Khurana as New MD & CEO
Everest Industries Limited shareholders approved the appointment of Hemant Khurana as Managing Director and CEO for a three-year term starting September 13, 2025. The resolution passed with 99.99% votes in favor at the 92nd Annual General Meeting. Other key resolutions included adoption of financial statements, dividend declaration, and board appointments. The AGM saw strong shareholder support across all resolutions.

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Everest Industries Limited , a prominent player in the building solutions sector, has received shareholder approval for the appointment of Hemant Khurana as its new Managing Director and Chief Executive Officer. The decision was ratified at the company's 92nd Annual General Meeting (AGM) held on September 18, 2025.
Key Highlights
- Appointment Details: Hemant Khurana (DIN: 08652827) has been appointed for a three-year term, effective from September 13, 2025, to September 12, 2028.
- Shareholder Approval: The resolution for Khurana's appointment received overwhelming support, with 99.99% of votes cast in favor.
- AGM Participation: The AGM saw participation from 68 shareholders, including one from the promoter and promoter group, through video conferencing.
Other AGM Resolutions
The 92nd AGM also saw the passage of several other significant resolutions:
- Financial Statements: Adoption of audited standalone and consolidated financial statements for the year ended March 31, 2025.
- Dividend Declaration: Approval of a final dividend for the financial year 2024-25.
- Board Appointment: Ms. Padmini Sekhsaria (DIN: 00046486) was appointed as a Director liable to retire by rotation.
- Chairman's Commission: Approval for payment of commission to Mr. Anant Talaulicar, Non-Executive Independent Chairman, for the financial year 2025-26.
- Auditor Appointments: Ratification of Cost Auditors' remuneration and appointment of M/s. Parikh & Associates as Secretarial Auditors for a five-year term.
- ESOP Amendments: Modifications to the Employee's Stock Option Scheme - 2021 were approved.
Voting Highlights
The AGM resolutions were passed with strong shareholder support:
Resolution | Votes in Favor (%) | Votes Against (%) |
---|---|---|
Appointment of Hemant Khurana as MD & CEO | 99.99 | 0.00 |
Adoption of Financial Statements | 99.99 | 0.00 |
Declaration of Final Dividend | 100.00 | 0.00 |
Appointment of Padmini Sekhsaria | 99.99 | 0.00 |
Commission to Anant Talaulicar | 99.43 | 0.57 |
Everest Industries Limited, with its corporate identity number L74999MH1934PLC002093, continues to strengthen its leadership team with these strategic appointments and corporate actions. The strong shareholder support for these resolutions indicates confidence in the company's governance and future direction under the new leadership.
Historical Stock Returns for Everest Industries
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+4.60% | +5.09% | +6.82% | +58.81% | -29.28% | +249.54% |