Everest Industries Ltd
Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 - Setting Up Of New Fibre Cement Boards Plant By Wholly Owned Subsidiary Viz. Everest Buildpro Private Limited
07:36 PM, 25th Feb 2025
Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 (Listing Regulations) the Board of Directors of Everest Buildpro Private Limited (EBPL) a wholly owned subsidiary of the Company accorded in-principle of CAPEX of Rs. 138 crores to set up a new Fibre Cement Boards plant at Matia Goalpara Assam with a capacity of 72000 MTPA.The information as required under Schedule III of the SEBI Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13 2023 is enclosed in the Annexure below.Further we are pleased to inform that on February 25 2025 Everest Buildpro Private Limited signed a Memorandum of Understanding (MoU) with Government of Assam for investment of Rs. 138 crores to set up a new Fibre Cement Boards plant at Matia Goalpara Assam.