We would like to inform you that while we had estimated and intimated you on August 29, 2025 and October 27, 2025, regarding the estimated sale of our land at Podanur to be concluded today, we would like to inform you that the timeline for the execution of the sale deed has been extended till March 31, 2026 based on the progress of the needed government approvals, and have been mutually agreed between the Company and G Square Realtors Private Limited.This intimation is given pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.This is for your information and records.
EVERESTIND · price
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Everest Industries had earlier informed the exchanges (on August 29, 2025 and October 27, 2025) about the estimated sale of its land at Podanur to G Square Realtors Private Limited, which was originally slated to conclude today. The company has now announced that the timeline for executing the sale deed has been mutually extended to March 31, 2026, owing to delays in obtaining the required government approvals. The intimation has been filed under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015. Importantly, the deal itself remains in place — only the completion date has been pushed back by roughly five months.
The deal is delayed but not cancelled, so shareholders continue to have visibility on a potential cash inflow from monetizing the Podanur land parcel. However, the actual receipt of proceeds will now be pushed back, which may marginally affect near-term cash expectations.