Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( Listing Regulations ), read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, we would like to inform the exchanges that the Company s wholly owned subsidiary, Everest Buildpro Private Limited ( EBPL ) has vide its letter dated March 26, 2026, informed the Company that on March 25, 2026, EBPL has allotted 154,150 partly paid-up Equity Shares of Rs. 10/- each at a premium of Rs. 8,289/- per equity share, to the Company.Prior to and after the aforesaid subscription, Everest Industries Limited ( the Company ) shall continue to hold 100% of the equity share capital of Everest Buildpro Private Limited, and accordingly, there shall be no change in the shareholding pattern of the subsidiary. Hence, this disclosure is not mandatorily required.The requisite details in terms of the Listing Regulations and aforesaid circular are attached in Annexure A .
EVERESTIND · price
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Everest Industries has subscribed to 1,54,150 partly paid-up equity shares of its wholly owned subsidiary, Everest Buildpro Private Limited (EBPL), at Rs. 8,299 per share (face value Rs. 10 + premium Rs. 8,289). The cost of acquisition is about Rs. 14.99 crore, paid as Rs. 973 per share on application. EBPL, incorporated in March 2023, manufactures Boards & Panels and reported turnover of Rs. 15.68 crore in FY25 (up from Rs. 19.77 lakh in FY24). The parent company's shareholding in EBPL remains 100% before and after this subscription, so there is no change in the subsidiary's ownership pattern. The transaction is a related-party deal carried out at arm's length, funded in cash, for the subsidiary's business and general corporate purposes.
This is an internal capital infusion into a wholly owned subsidiary with no change in Everest Industries' ownership stake, so it is neutral for the parent company's shareholders and does not dilute equity. The very high premium paid (Rs. 8,289 per share) suggests strong underlying value in the Boards & Panels business, which saw an eightfold jump in turnover over the past year.