With reference to its intimation dated February 25, 2025 about an in-principle approval by the Board of Directors of Everest Buildpro (‘EBPL’), a wholly owned subsidiary of the Company for a CAPEX of Rs 138 crores for setting up a new Fibre Cement Boards plant at Matia, Goalpara, Assam. EBPL invested Rs 10.90 crores towards the land at the said location from the Assam Industrial Development Corporation (AIDC) under the said CAPEX approval, Everest Industries has informed that the Board of Directors of EBPL at its meeting held today on 3rd July 2026 re-assessed the feasibility of CAPEX investment plan and in view of business considerations, decided to withdraw said CAPEX including surrender of land allocated to EBPL by AIDC. This decision will not have adverse impact on the financials.
The above information is a part of company’s filings submitted to BSE.
