Pursuant to the Regulation 30 of the Securities and Exchange Board of India (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 Mr. Graciano Pinto, Internal Auditor and Chief Risk Officer of the Company has resigned from the said position with effect from the close of business hours on April 7, 2026 in order to pursue other opportunities. The resignation letter tendered by Mr. Graciano Pinto is enclosed.The Company is in the process of identifying the new Internal Auditor and Chief Risk Officer of the Company. However, in order to ensure continuity, the Audit Committee at its meeting held today i.e. on March 18, 2026 have recommended to the Board, the appointment of Mr. Niranjan Gokhale Head Strategy as an Internal Auditor and Chief Risk Officer of the Company w.e.f April 8, 2026 by entrusting him additional role and responsibilities. The brief profile of Mr. Niranjan Gokhale is given in Annexure A
EVERESTIND · price
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Mr. Graciano Pinto, who serves as Internal Auditor and Chief Risk Officer (a Senior Management Personnel role) at Everest Industries, has resigned effective close of business on April 7, 2026, to pursue opportunities outside the company. To ensure continuity, the Audit Committee on March 18, 2026 recommended appointing Mr. Niranjan Gokhale, currently Head of Strategy at Everest for the last 6 years, as the new Internal Auditor and Chief Risk Officer with effect from April 8, 2026. Mr. Gokhale holds an MBA from McMaster University and an MS from Lehigh University, with over 30 years of multi-industry experience including roles at Ford, Tata Industries, Cummins, and Deepak Fertilizers. The transition is smooth and internal, with no gap between the outgoing and incoming person.
This is a routine KMP-level transition with an internal replacement, so it should have no material impact on the stock or shareholders. Continuity in risk management and internal audit functions is maintained through the existing Head of Strategy taking on the additional role.