Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 ( Listing Regulations ), we wish to inform you that pursuant to the recommendation of the Nomination and Remuneration Committee ( NRC ), the Board of Directors of the Company ( Board ) at its meeting held today on August 4, 2025 has approved the appointment of Mr. Hemant Khurana (DIN: 08652827) as the Managing Director & Chief Executive Officer of the Company for a term of 3 (three) consecutive years from 13th September, 2025 to 12th September, 2028. The appointment of Mr. Hemant Khurana as the Managing Director & CEO will be subject to approval of shareholders of the Company at the ensuing Annual General Meeting. Further, Mr. Hemant Khurana will join the Company as President in Senior Management Position w.e.f. 6th September, 2025 to ensure a smooth transition with Mr. Rajesh Joshi, current MD & CEO. The said appointment of Mr. Hemant Khurana as President has been approved by the Board at its meeting held today, pursuant to the recommendation of the NRC.
EVERESTIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Everest Industries has approved the appointment of Mr. Hemant Khurana as the new Managing Director & CEO for a 3-year term starting 13 September 2025 to 12 September 2028. Mr. Khurana will first join as President from 6 September 2025 to ensure a smooth handover with the current MD & CEO Mr. Rajesh Joshi. His appointment as MD & CEO is subject to shareholder approval at the upcoming Annual General Meeting. Mr. Khurana is an IIM Kolkata alumnus with over 28 years of experience, most recently serving as Managing Director of Saint-Gobain Weber, and spent 23 years at Saint-Gobain in sales, marketing, and general management roles.
This is a routine leadership succession with an experienced external hire from the building materials sector, which should be viewed positively by shareholders. The orderly transition plan suggests continuity in strategy, though shareholders will need to formally approve the appointment at the AGM.