Everest Kanto Cylinder Limited
Everest Kanto Cylinder Ltd (EKC) is engaged in the manufacture of high-pressure seamless gas cylinders along with other cylinders and equipments used for containing and storage of natural gas, liquids and air.
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Everest Kanto Cylinder (EKC) has operationalized a new cylinder manufacturing line at its Ratadiya Unit, Mundra, Gujarat. Commercial production and dispatches have begun, signaling capacity expansion and potential for revenue growth.
Everest Kanto Cylinder (EKC) has received an order from the Customs authority, demanding differential duty and penalty totaling approximately ₹1.33 crore. This demand relates to an alleged misclassification of imported raw materials. EKC intends to appeal the order with the Customs, Excise, Service Tax Tribunal (CESTAT). The company has stated...
Everest Kanto Cylinder (EKC) has announced its 46th Annual General Meeting (AGM) will be held on August 22, 2025, via video conference. A final dividend of ₹0.70 per equity share for FY24-25 is proposed, subject to shareholder approval at the AGM. The record date for this dividend is August 14,...
**Everest Kanto Cylinder (EKC) Update:** Customs has raised a demand of ₹66.29 Lakhs in differential duty and a matching penalty of ₹66.29 Lakhs (plus interest) related to imported raw material classification. The total disputed amount is approximately ₹1.33 Cr. **The Issue:** Customs reclassified EKC's imported goods, claiming they fall under...
EKC's wholly-owned subsidiary, EKC International FZE, Dubai, has decided to exit its planned manufacturing project in Hungary. Citing the geopolitical situation, EKC FZE will sell its 80% stake in the joint venture, EKC Europe Zrt., to its Hungarian JV partner for 96,000 EUR. This strategic move aims to consolidate losses...