Everest Industries Approves Voluntary Winding-up of Mauritian Subsidiary, Simplifies Group Structure
Everest Industries Limited has approved the voluntary winding-up of its wholly owned subsidiary, Everest Building Products, based in Mauritius. The decision was made by the company's Board of Directors during a meeting held on July 27, 2026.The move is intended to simplify the overall group structure. Everest Building Products operates as a wholly owned subsidiary of Everest Industries in Mauritius.
The company stated that the winding-up of this subsidiary will not impact the revenue, business operations, or profitability of Everest Industries Limited.
Financial parameters related to Everest Building Products (EBP), as reported in its Audited Financial Statements for the year ending March 31, 2026, reflect zero contribution to the listed entity's performance.
Key financial details and operational status of EBP are provided below:
| Particular | Detail |
|---|---|
| Revenue Contribution (as of March 31, 2026) | Nil |
| Percentage of Revenue | 0% |
| Net Worth (as of March 31, 2026) | (5.16) lakhs |
| Percentage of Net Worth | 0.01% |
Regarding the closure timeline, the date for the winding-up of Everest Building Products in Mauritius will be communicated in due course.
EVERESTIND Stock Price Movement
Everest Industries Limited shares climbed on Monday, rising 4.15% to settle at ₹540.65 in a strong session. The stock saw trading volume of 21,906 shares during the previous day’s close.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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