Everest Industries Limited
Everest Industries Ltd is one of India’s leading and fastest growing complete building solutions providers. Incorporated in 1934, Everest has a rich history in manufacturing of Building materials and Pre-Engineered Steel Buildings.
What Everest files
- Others65
- Updates28
- Important12
- Board Meeting8
- Investor Meet5
- Credit Ratings4
Everest Industries received a GST Show Cause Notice for FY 2020-21 regarding alleged liabilities totaling Rs. 3,89,21,097. The company contests this, affirming strong legal grounds, and expects no material financial impact from the potential demand.
Everest Industries' GST inspection concluded. Company paid GST under protest, with a potential interest impact of ~Rs 0.47 Cr. Management expects no material impact on financials or operations beyond this.
Everest Industries is undergoing a state tax inspection at its corporate office and a manufacturing unit. The company is cooperating and states there is currently no material impact on financials or operations.
Everest Industries' board approved winding-up its non-material Mauritius subsidiary, Everest Building Products, to streamline the group structure. This move, involving a subsidiary with negligible net worth (0.01% of total), will not affect the company's revenue or profitability.
Everest Industries announced its 93rd Annual General Meeting (AGM) for early August. The FY25-26 Annual Report is now online for investors. Key dates include dividend record and e-voting cut-off in late July.