Everest Industries Limited announced that the Ministry of Corporate Affairs has approved incorporation of a wholly owned subsidiary of the company in the name of Everest Steel Building Private Limited on May 26, 2023. The Ministry of Corporate Affairs has issued a Certificate of Incorporation for the same. Authorised Capital: INR 100,000 divided into 10,000 equity shares of INR 10 each.

Everest Steel Building Private limited is incorporated inter alia to carry on the business of preparation of engineering design, fabrication drawings and erection drawings catering to the pre-engineered building, structural steel, engineering process and construction industries and selling such services catering to any pre-engineered steel building manufacturers, structural steel manufacturers, engineering process manufacturers and service providers and construction industries worldwide. The subscribed share capital is INR 100,000.