5089062025-10-012025-12-315089062025-12-315089062025-10-012025-12-31CompositionOfBoardOfDirectors15089062025-12-31CompositionOfBoardOfDirectors15089062025-10-012025-12-31CompositionOfBoardOfDirectors25089062025-12-31CompositionOfBoardOfDirectors25089062025-10-012025-12-31CompositionOfBoardOfDirectors35089062025-12-31CompositionOfBoardOfDirectors35089062025-10-012025-12-31CompositionOfBoardOfDirectors45089062025-12-31CompositionOfBoardOfDirectors45089062025-10-012025-12-31CompositionOfBoardOfDirectors55089062025-12-31CompositionOfBoardOfDirectors55089062025-10-012025-12-31CompositionOfBoardOfDirectors65089062025-12-31CompositionOfBoardOfDirectors65089062025-10-012025-12-31CompositionOfBoardOfDirectors75089062025-12-31CompositionOfBoardOfDirectors75089062025-10-012025-12-31CompositionOfCommittees145089062025-12-31CompositionOfCommittees145089062025-10-012025-12-31CompositionOfCommittees155089062025-12-31CompositionOfCommittees155089062025-10-012025-12-31CompositionOfCommittees165089062025-12-31CompositionOfCommittees165089062025-10-012025-12-31CompositionOfCommittees175089062025-12-31CompositionOfCommittees175089062025-10-012025-12-31CompositionOfCommittees415089062025-12-31CompositionOfCommittees415089062025-10-012025-12-31CompositionOfCommittees425089062025-12-31CompositionOfCommittees425089062025-10-012025-12-31CompositionOfCommittees435089062025-12-31CompositionOfCommittees435089062025-10-012025-12-31CompositionOfCommittees445089062025-12-31CompositionOfCommittees445089062025-10-012025-12-31CompositionOfCommittees685089062025-12-31CompositionOfCommittees685089062025-10-012025-12-31CompositionOfCommittees695089062025-12-31CompositionOfCommittees695089062025-10-012025-12-31CompositionOfCommittees705089062025-12-31CompositionOfCommittees705089062025-10-012025-12-31CompositionOfCommittees955089062025-12-31CompositionOfCommittees955089062025-10-012025-12-31CompositionOfCommittees965089062025-12-31CompositionOfCommittees965089062025-10-012025-12-31CompositionOfCommittees975089062025-12-31CompositionOfCommittees975089062025-10-012025-12-31CompositionOfCommittees985089062025-12-31CompositionOfCommittees985089062025-10-012025-12-31CompositionOfCommittees1225089062025-12-31CompositionOfCommittees1225089062025-10-012025-12-31CompositionOfCommittees1235089062025-12-31CompositionOfCommittees1235089062025-10-012025-12-31CompositionOfCommittees1245089062025-12-31CompositionOfCommittees1245089062025-10-012025-12-31CompositionOfCommittees1255089062025-12-31CompositionOfCommittees1255089062025-12-31MeetingOfBoardOfDirectors15089062025-10-012025-12-31MeetingOfBoardOfDirectors15089062025-12-31MeetingOfBoardOfDirectors25089062025-10-012025-12-31MeetingOfBoardOfDirectors25089062025-10-012025-12-31MeetingOfCommittees15089062025-12-31MeetingOfCommittees15089062025-10-012025-12-31MeetingOfCommittees25089062025-12-31MeetingOfCommittees25089062025-10-012025-12-31MeetingOfCommittees35089062025-12-31MeetingOfCommittees35089062025-10-012025-12-31MeetingOfCommittees45089062025-12-31MeetingOfCommittees45089062025-10-012025-12-31MeetingOfCommittees55089062025-12-31MeetingOfCommittees55089062025-10-012025-12-31MeetingOfCommittees65089062025-12-31MeetingOfCommittees65089062025-09-305089062025-12-31OngoingTaxLitigationsOrDisputesDomain15089062025-12-31OngoingTaxLitigationsOrDisputesDomain25089062025-12-31OngoingTaxLitigationsOrDisputesDomain35089062025-12-31OngoingTaxLitigationsOrDisputesDomain45089062025-12-31OngoingTaxLitigationsOrDisputesDomain55089062025-12-31OngoingTaxLitigationsOrDisputesDomain6xbrli:pure508906EVERESTINDNOTLISTEDINE295A01018Everest Industries Limited2025-04-012026-03-31Quarterly2025-12-31EquitytruetruefalseThere is no acquisition of shares or voting rights in unlisted companies during the quarter ended December 31, 2025 in terms of sub-para 1 of para A of Part A of Schedule III of LODR.false1. There was no fine or penalty imposed during the quarter December 31, 2025 which was lower than the monetary threshold limit specified in LODR. 2. The orders imposing fine or penalty imposed during the quarter December 31, 2025 which was more than the monetary threshold limit specified in LODR have been reported to exchanges separately and hence, not disclosed in this Corporate Governance Report.truetrueTop 2000 listed entitiestruee00130OriginalNumbers of membership also includes number of Chairmanship. Further, Membership/Chairmanship of listed and unlisted public Companies are included. The Names of Directors are provided as per PAN.truefalseMrAnant Jaivant Talaulicar******00031051Non-Executive - Independent DirectorChairperson1961-07-11falseActiveNA2019-11-212024-11-21735491MsPadmini Sekhsaria******00046486Non-Executive - Non Independent DirectorNot Applicable1975-09-06falseActiveNA2019-02-262019-02-261000MrRajendra Prabhakar Chitale******00015986Non-Executive - Independent DirectorNot Applicable1961-04-10falseActiveNA2019-01-232024-01-23832222MrAlok Mahinder Nanda******02149755Non-Executive - Independent DirectorNot Applicable1960-07-14falseActiveNA2019-01-232024-01-23831111MrAshok Kumar Barat******00492930Non-Executive - Independent DirectorNot Applicable1956-12-05falseActiveNA2024-03-192024-03-1921.137775MsBijal Ajinkya******01976832Non-Executive - Independent DirectorNot Applicable1976-07-22falseActiveNA2024-03-192024-03-1921.134461MrHemant Khurana******08652827Executive DirectorNot ApplicableCEO-MD1972-01-04falseActiveNA2025-09-131020The Company does not fall under the Top 1000 Companies as per market capitalization as on December 31, 2024. However, due to Regulation 3(2A) of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, the Company is complying with the provisions of constitution of Risk Management Committee. truetruetruetruetrueAudit Committee00015986Rajendra Prabhakar ChitaleNon-Executive - Independent DirectorChairperson2019-04-10Audit Committee00031051Anant Jaivant TalaulicarNon-Executive - Independent DirectorMember2019-12-06Audit Committee00492930Ashok Kumar BaratNon-Executive - Independent DirectorMember2024-04-01Audit Committee08652827Hemant KhuranaExecutive DirectorMember2025-09-13Nomination and remuneration committee00492930Ashok Kumar BaratNon-Executive - Independent DirectorChairperson2024-04-01Nomination and remuneration committee00046486Padmini SekhsariaNon-Executive - Non Independent DirectorMember2019-04-10Nomination and remuneration committee00031051Anant Jaivant TalaulicarNon-Executive - Independent DirectorMember2019-12-06Nomination and remuneration committee01976832Bijal AjinkyaNon-Executive - Independent DirectorMember2024-10-01Stakeholders Relationship Committee02149755Alok Mahinder NandaNon-Executive - Independent DirectorChairperson2024-10-01Stakeholders Relationship Committee00031051Anant Jaivant TalaulicarNon-Executive - Independent DirectorMember2024-04-01Stakeholders Relationship Committee08652827Hemant KhuranaExecutive DirectorMember2025-09-13Risk Management Committee00492930Ashok Kumar BaratNon-Executive - Independent DirectorChairperson2024-04-01Risk Management Committee00015986Rajendra Prabhakar ChitaleNon-Executive - Independent DirectorMember2021-05-28Risk Management Committee00031051Anant Jaivant TalaulicarNon-Executive - Independent DirectorMember2021-05-28Risk Management Committee08652827Hemant KhuranaExecutive DirectorMember2025-09-13Corporate Social Responsibility Committee00031051Anant Jaivant TalaulicarNon-Executive - Independent DirectorChairperson2021-05-28Corporate Social Responsibility Committee00046486Padmini SekhsariaNon-Executive - Non Independent DirectorMember2019-04-10Corporate Social Responsibility Committee02149755Alok Mahinder NandaNon-Executive - Independent DirectorMember2019-02-28Corporate Social Responsibility Committee08652827Hemant KhuranaExecutive DirectorMember2025-09-132025-08-04true7752025-10-2985true775Audit Committee2025-08-04true4430Audit Committee2025-10-2985true4430Nomination and remuneration committee2025-08-04true4430Nomination and remuneration committee2025-10-2985true4430Risk Management Committee2025-09-03true4430Risk Management Committee2025-11-2885true4430truetruetruetrueYestruetruetrueAmruta AvasareCompany Secretary and Compliance Officerfalse Amruta AvasareCompany Secretary and Compliance OfficerMumbai2026-01-28022001. Current Status of the litigation/ disputes is reported as on December 31, 2025 2. Only those Ongoing tax litigations/ disputes having updates during the quarter ended December 31, 2025 are reported in this quarterly Corporate Governance Report.The State Goods and Services Tax (SGST) Department, Government of India. Agency/Tribunal: Deputy Commissioner of State Goods and Service Tax, Jabalpur Division, Madhya Pradesh2025-05-30Reply filed on 30th June 2025 and awaiting for the appropriate order to be passed by the authority (As per disclosure of June 2025 quarter and there were no updates during September 2025 quarter)Order was passed by Deputy Commissioner of State Tax, Jabalpur on December 29, 2025 wherein erstwhile demand of Rs. 8,26,59,694/- (Tax demand - Rs. 2,58,31,923/-, Interest - Rs. 3,09,95,848/- & Penalty - Rs. 2,58,31,923/-) has been reduced by Rs. 8,26,07,908/- (Tax demand – Rs. 2,58,31,923/-, Interest – Rs. 3,09,94,062/- & Penalty – Rs. 2,57,81,923/-). Hence, there is no tax demand and the Interest of Rs. 1,786/- and Penalty of Rs. 50,000/- as per the order will be paid by the Company.The Central Goods and Services Tax (GGST) Department, Government of India. Agency/Tribunal: Superintendent of Central Goods and Service Tax, Ranchi, Jharkhand2025-06-25Reply filed on 27th June 2025 and awaiting for the appropriate order to be passed by the authority (As per disclosure of June 2025 quarter and there were no updates during September 2025 quarter)Order was passed by Deputy Commissioner CGST, Ranchi on December 31, 2025 wherein Tax demand including interest has been reduced by Rs. 1,45,07,654/- and thus, the tax demand including interest of Rs. 2,11,47,871/- now stands reduced to Rs. 66,40,217/- (Tax demand – Rs. 66,22,498/- & Interest – Rs. 17,719/-) under section 74 & Section 50 of the Central GST Act, 2017 & SGST Act, 2017 and IGST Act, 2017. Further, the penalty of Rs. 2,11,28,933/- has been imposed. The Company is planning to contest the said order for the total demand including interest & penalty of Rs. 2,77,69,150/-.The Central Goods and Services Tax (CGST) Department, Government of India. Agency/Tribunal: Assistant Commissioner of Central Goods and Service Tax, Roorkee, Uttarakhand2025-09-23Reply will be filed before the due date as provided in the noticeRequest letter for extension to file reply was filed on October 21, 2025 with Assistant Commissioner, CGST Division. The final reply was filed on November 18, 2025. On December 23, 2025, order was passed by CGST, Roorkee wherein Tax demand has been reduced by Rs. 1,23,01,446/- and thus, the tax demand of Rs. 1,73,07,714/- now stands reduced to Rs. 50,06,268/- (IGST Rs. 47,80,402/-, + CGST Rs. 1,12,933/- + SGST Rs. 1,12,933/-) under Section 73(9) of the CGST Act, 2017/ UKGST Act, 2017 read with Section 20 of IGST Act, 2017. Further, penalty of Rs. 5,18,043/- has been imposed and the Company is planning to contest the said order for the tax demand of Rs. 50,06,268/- and penaltyThe State Goods and Services Tax (CGST) Department, Government of India. Agency/Tribunal: Deputy Commissioner of State Goods and Service Tax, Balasore, Odisha2025-09-29Reply will be filed before the due date as provided in the noticeRequest letter for extension to file reply was filed on October 24, 2025 with Deputy Commissioner of State Tax. Final reply was filed on December 30, 2025. On December 31, 2025, Deputy Commissioner of State Goods and Service Tax, Balasore, Odisha passed order wherein the total demand of Rs. 56,06,00,928/- (includes tax, interest & penalty) now stands reduced to Rs. 69,10,068/- (Tax demand – Rs. 39,13,383/-, Interest – Rs. 26,05,347/- & Penalty – Rs. 3,91,338/-) under section 73 of the Central GST Act, 2017 & SGST Act, 2017 and IGST Act, 2017.The Company is planning to contest the said order for the total demand of Rs. 69,10,068/-.The Central Goods and Services Tax (CGST) Department, Government of India. Agency/Tribunal: Assistant Commissioner (Anti Evasion) of Central Goods and Service Tax, Commissionerate Dehradun, Uttarakhand.2025-06-26Reply filed on 26th July, 2025 and awaiting for the appropriate order to be passed by the authority.On December 23, 2025, the order was passed by CGST, Roorkee wherein the Tax demand has been reduced by Rs. 47,81,459/- and thus, the tax demand of Rs. 63,85,585/- now stands reduced to Rs. 16,04,126/- under Section 74 & Section 122 of CGST / UK GST Act, 2017. Further, the penalty has been reduced by Rs. 25,37,410/- and thus, the Penalty of Rs. 41,41,536/- now stands reduced to Rs. 16,04,126/- under Section 74 & Section 122 of CGST / UK GST Act, 2017.The Company is planning to contest the said order for the tax demand of Rs. 16,04,126/- and penalty of Rs. 16,04,126/-.The State Goods and Services Tax (CGST) Department, Government of India Agency/Tribunal: Deputy Commissioner of State Goods and Service Tax, Jabalpur, Madhya Pradesh2025-09-30Reply will be filed before the due date as provided in the noticeThe reply was filed on November 29, 2025 and awaiting for the appropriate order to be passed by the authority.