Everest Industries Limited has informed the Exchange regarding 'Disclosure under regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015'.
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Everest Industries has appointed Mr. Rajesh Gagrani as its new Chief Financial Officer, effective June 2, 2025. Alongside this appointment, the company has disclosed the list of Key Managerial Personnel (KMP) authorized to determine materiality of any information or event and make disclosures to stock exchanges under SEBI's Listing Regulations. The three authorized KMPs are: Mr. Rajesh Joshi (MD & CEO), Mr. Rajesh Gagrani (CFO), and Ms. Amruta Avasare (Company Secretary & Compliance Officer). This is a routine corporate governance filing required under Regulation 30(5) following a CFO change. Contact details for all three KMPs have also been shared with the exchanges.
This is primarily a procedural compliance disclosure, but it does signal a leadership change at the CFO level, which investors may want to monitor for any strategic shifts. No immediate material impact on stock price is expected from the disclosure itself.