With reference to the captioned subject, we wish to inform you that the Company as of yesterday i.e., 13 June 2025 at 10.08 p.m. received the resignation of Mr. Rajesh Joshi, Managing Director and Chief Executive Officer of the Company effective from the close of business hours on 12th September 2025, on account of personal reasons.
EVERESTIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mr. Rajesh Joshi has resigned as Managing Director and Chief Executive Officer of Everest Industries Limited for personal reasons. His resignation will take effect from the close of business hours on 12th September 2025, giving a roughly 3-month transition period. He has been leading the company for the last 5 years. Along with the MD & CEO role, he will also step down from the Audit Committee, Stakeholder Relationship Committee, CSR Committee, and Banking Finance Committee, as well as from the boards of subsidiaries Everest Building Products Limited and Everest Steel Building Products Limited. The company has not yet announced his replacement.
This is a significant leadership change at the top of the company. While the 3-month notice period allows time for a smooth transition, investors may watch closely for the succession plan announcement, as an unplanned exit of a long-serving MD & CEO can create short-term uncertainty around strategy and execution.