Everest Industries Ltd

This is to inform you that on May 31 2023 the Stakeholders Relationship Committee of the Board has approved allotment of 6859 equity shares of Rs. 10/- each of the Company fully paid up to the employees of the Company on exercise of stock options under the following Employee StockOption Schemes (ESOS):1. 3000 equity shares of Rs. 10/- each under the ESOS-2018 at an exercise price of Rs. 477/- per share.2. 3859 equity shares of Rs. 10/- each under the ESOS-2021 at an exercise price of Rs. 635/- per share.The aforesaid equity shares shall rank pari-passu with the existing equity shares of the Company in all respects.Consequently with effect from May 31 2023 the issued subscribed and paid-up share capital of the Company stands increased to Rs. 157430030/- divided into 15743003 equity shares of Rs. 10/- each.