Pursuant to Regulation 30 read with Schedule III of the SEBI Listing Regulations, we wish to inform the exchanges that the Board of Directors of the Company, by way of a circular resolution, passed on August 28, 2025, approved the sale of land admeasuring 23.32 acres situated at Kurichi Village, Podanur, Coimbatore, Tamil Nadu ( land/property ) to G Square Realtors Private Limited ( Buyer/Purchaser ), subject to requisite approvals and fulfilment of conditions precedent to the sale.The relevant details as prescribed under the SEBI Listing Regulations read with SEBI circular dated July 13, 2023 with respect to the proposed sale is enclosed as Annexure A .
EVERESTIND · price
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Everest Industries' Board has approved the sale of 23.32 acres of vacant land at Kurichi Village, Podanur, Coimbatore to G Square Realtors Private Limited for a total consideration of Rs. 133.85 crores. The company has already received the first tranche of Rs. 7 crores on signing of the term sheet on August 28, 2025. A second tranche of Rs. 8 crores is payable upon receipt of environmental clearance, with the remaining Rs. 118.85 crores due on execution of the sale deed, expected within 4 months or 3 months from environmental clearance. The company clarified that the land is vacant and excess, so the sale will not affect business operations.
This is a non-core, one-time monetisation of surplus vacant land that brings in Rs. 133.85 crores to the company. Shareholders may view this positively as it unlocks value from an idle asset, though it is not expected to impact ongoing operations or recurring earnings.