03-Jul-2026 21:27:43

EVEREST INDUSTRIES : CAPEX WITHDRAWN FOR ANDHRA PRADESH PLANT

• Everest Steel Building Private Limited (ESBPL), a wholly owned subsidiary, decided to withdraw CAPEX of ₹125 Crores for setting up a new manufacturing facility at R. Ananthpuram, Andhra Pradesh. • ESBPL had invested ₹2.91 crores towards land acquisition. • The land will be surrendered back to APIIC. • The decision is based on business considerations and will not adversely impact financials. Impact: Neutral (Withdrawal of CAPEX and surrender of land, with no adverse financial impact mentioned.)

Everest Industries Ltd

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