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Everest Industries Ltd.

BSE: 508906 Sector: Industrials
NSE: EVERESTIND ISIN Code: INE295A01018
BSE LIVE 15:40 | 22 Sep 346.75 -6.10
(-1.73%)
OPEN

351.80

HIGH

351.80

LOW

342.50

NSE 15:49 | 22 Sep 347.25 -4.55
(-1.29%)
OPEN

350.05

HIGH

351.40

LOW

342.55

OPEN 351.80
PREVIOUS CLOSE 352.85
VOLUME 2859
52-Week high 421.60
52-Week low 182.00
P/E 60.30
Mkt Cap.(Rs cr) 536
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 351.80
CLOSE 352.85
VOLUME 2859
52-Week high 421.60
52-Week low 182.00
P/E 60.30
Mkt Cap.(Rs cr) 536
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Everest Industries Ltd. (EVERESTIND) - Chairman Speech

Company chairman speech

Everyone needs a roof above their head. At work and at home. Strong secure and longlasting.

India has a very daunting task ahead to ensure adequate shelter decent sanitation andcomfortable working spaces for her citizens. More than 7 Crore Indians are homeless and 90Crore Indians live in sub standard housing. 50% rural homes do not have access to decentsanitation. We rank in the bottom half in infrastructure development amongst all countriesof the world.

These dismal statistics can overwhelm us into passive acceptance and social media rantsor provide an opportunity to roll up our sleeves to work towards a prosperous economywhere a roof above each head and a vibrant industrial environment is a reality that we canachieve in our lifetime with our own effort.

Indian aspirations are changing. We all want to build our nation faster and stronger.We already have 100 Crore mobile phone subscribers 99% of our households have bankaccounts and 100% of the population is now uniquely identified. We are impatient. And weshould be. We

-Better homes better living conditions better sanitation better work spaces saferfactories. This excites me about the future of India the future of Everest.

Everest's portfolio of ready-to-install building products roofing solutions andpre-engineered buildings serves the needs of this new impatient and aspiration-drivenIndia.

Yes we have had a few challenging years behind us where economic slowdown unexpectedblack swan events and rising prices threw our plans awry. But the team at Everest usedthis as an opportunity to learn to become lean conserve capital reduce debt controlinventory impart training introduce new products and services and make structuralchanges in the way we plan work and deliver. As the impact of these initiatives unfoldsI see robust growth ahead. And I am grateful to you for joining us on this journey.

A V Somani

Chairman