Everest Industries Limited informed that Mr. B.L. Taparia and Ms. Bhavana Doshi, Independent Directors, shall retire from the company's Board with effect from close of business hours on March 31, 2024, due to completion of their second term pursuant to Section 149(11) of the Companies Act, 2013. The Shareholders of the Company by way of postal ballot dated March 30, 2019 approved the re-appointment of Mr. B.L. Taparia as an Independent Director for a second term of 5 (five) consecutive years with effect from April 1, 2019 to March 31, 2024. Accordingly, the tenure of Mr. B.L. Taparia as an Independent Director of the company shall end at the close of business hours on March 31, 2024 due to completion of the second term.

Mr. B.L. Taparia ceases to be an Independent Director of the Company with effect from the close of business hours of March 31, 2024. The Shareholders of the Company by way of Postal Ballot dated March 30, 2019 approved the re-appointment of Ms. Bhavna Doshi as an Independent Director for a second term of 5 (five) consecutive years with effect from April 1, 2019 to March 31, 2024. Accordingly, the tenure of Ms. Bhavna Doshi as an Independent Director of the Company shall end at the close of business hours on March 31, 2024 due to completion of the second term.

Ms. Bhavna Doshi ceases to be an Independent Director of the Company with effect from the close of business hours of March 31, 2024.