EVERESTINDNSEEverest Industries Limited· Cement And Cement ProductsHighNeutral
Announced Mon, 2 Jun · 17:22 IST

Everest Industries Limited has informed the Exchange regarding Appointment of Mr. Rajesh Gagrani as Chief Financial Officer and designated as Key Managerial Personnel of the company w.e.f. June 2, 2025.

Management Changes View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Everest Industries has appointed Mr. Rajesh Gagrani as its new Chief Financial Officer and Key Managerial Personnel, effective June 2, 2025. Mr. Gagrani is a Chartered Accountant with over 25 years of leadership experience across manufacturing and project-based industries, including more than a decade as CFO at large Indian and multinational companies. He brings deep expertise in financial controls, treasury, taxation, risk management, and SAP-based systems. The appointment ends the interim CFO arrangement, as Mr. Arpit Kumar Nagori, who held the CFO role on an interim basis since April 1, 2025, steps down from that position and returns to his role as General Manager – Corporate Finance.

Likely market impact

This is a routine governance update that brings a permanent, experienced CFO on board after a brief two-month interim period. For shareholders, the move signals leadership stability, with a strong-profile finance chief taking charge of the company's financial strategy and controls.