We would like to inform the exchanges that pursuant to the recommendation of the Audit Committee and Risk Management Committee, the Board of Directors of the Company at their meeting held today i.e. on May 26, 2026 has approved the appointment of Mr. Sunder Nilakantan as an Internal Auditor and Chief Risk Officer of the Company w.e.f. May 26, 2026.With this appointment, Mr. Niranjan Gokhale shall cease to hold the additional role and position of Internal Auditor and Chief Risk Officer w.e.f. May 26, 2026 and will continue to hold the position of Head Strategy.
EVERESTIND · price
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Everest Industries Limited has appointed Mr. Sunder Nilakantan as the new Internal Auditor and Chief Risk Officer effective May 26, 2026. He is a Chartered Accountant with over 35 years of experience in internal audit, finance, treasury, and corporate governance, previously serving as Head of Shared Services at Larsen & Toubro Ltd. Mr. Niranjan Gokhale, who was holding this additional role temporarily since April 8, 2026, will now cease to hold the Internal Auditor and CRO position but will continue serving as Head - Strategy. The appointment was made based on recommendations from the Audit Committee and Risk Management Committee, with a term of 3 years.
This is a routine governance change as the company transitions from a temporary internal arrangement to a permanent, dedicated Internal Auditor and CRO. The stock is unlikely to be materially affected as Mr. Niranjan Gokhale remains with the company in his primary role.