In furtherance to our intimation dated 14th June 2025, we would like to inform that the Board of Directors of the Company at its meeting held today i.e. Monday, June 16, 2025 have accepted and taken on record the resignation of Mr. Rajesh Joshi (DIN: 08855031) from the position of Managing Director & CEO of the Company designated as Key Managerial Personnel of the Company and this resignation shall be effective as of close of business hours on 12th September 2025.
EVERESTIND · price
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The Board of Directors of Everest Industries Limited has accepted the resignation of Mr. Rajesh Joshi (DIN: 08855031) from the position of Managing Director & CEO, effective from the close of business hours on 12th September 2025. Mr. Joshi was designated as a Key Managerial Personnel of the Company. The Board has recorded its appreciation for his significant contributions during his tenure. This follows an earlier intimation dated 14th June 2025. The company has not yet announced a successor for the role.
Leadership transition at the top of the company — shareholders should watch for announcement of a new MD & CEO over the next three months, as prolonged leadership vacuum could affect strategic execution and investor sentiment.