Pursuant to the Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, we would like to inform the exchanges that the Nomination and Remuneration Committee at its meeting held on October 22, 2026 has granted 95,000 stock options under Company''s Employee ....

October 22, 2026 1. National Stock Exchange of India Limited 2. BSE Limited Exchange Plaza Phiroze Jeejeebhoy Towers Plot No. C/1, G Block Dalal Street, Mumbai – 400 001. Bandra – Kurla Complex Scrip Code: 508906 Bandra (E), Mumbai – 400 051 Scrip Code: EVERESTIND Sub.: Grant of Stock Options under Employees Stock Option Scheme - 2021 (“ESOS-2021”) Dear Sir/Madam, Pursuant to the Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, we would like to inform the exchanges that the Nomination and Remuneration Committee at its meeting held on October 22, 2026 has granted 95,000 stock options under Company’s Employees Stock Option Scheme - 2021 (ESOS -2021) to the identified employees of the Company at an exercise price of Rs. 460/- per option. The details as required under Listing Regulations read with SEBI Master Circular is enclosed herewith as an “Annexure-I”. We wish to further inform you that in-principle approval for 10,00,000 shares under ESOS –2021 has already been granted by National Stock Exchange of India Ltd. vide its letter no. Ref: NSE/LIST/28763 dated October 27, 2021 and BSE Limited vide its letter no. DCS/FL/TL/ESOP- IP/1654/2021-22 dated November 16, 2021. This is for your information and records. Yours faithfully, For Everest Industries Limited Amruta Avasare Company Secretary & Compliance Officer Membership No.: A18844 Encl.: A/a Everest Industries Limited Registered Office: GAT No. 152, Lakhmapur, Everest Industries Limited Level 3, Tower 14, Solitaire Corporate Park, Chakala Taluka Dindori, Nashik-422 202, Maharashtra Andheri (E), Mumbai - 400093, India T +91 2557 250375 / 462 | F +91 2557 250376 Board No - 02269772000 Corporate Identity No. L74999MH1934PLC002093 Annexure I Sr. No. Particulars Details 1 Brief details of options granted 95,000 stock options under Company’s Employees Stock Option Scheme – 2021 (ESOS - 2021) granted to the identified employees of the Company. 2 Whether the scheme is in terms of SEBI Yes (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 3 Total number of shares covered by these 95,000 equity shares of Rs. 10/- each (each options stock option is convertible into 1 equity share of face value of Rs. 10/- each). 4 Pricing formula The pricing formula as per ESOS-2021 is as below: The Exercise Price may be equal to or higher than the lower of below: (i) Average closing price of the Shares of the Company on the Stock Exchange for a period of two weeks immediately preceding the Date of the Grant; and (ii) Closing price of the Shares of the Company on the Stock Exchange on the date prior to the Date of Grant. Accordingly, the Exercise Price for the aforesaid options granted is Rs. 460/- per option. 5 Options vested The vesting schedule as per ESOS - 2021 for the aforesaid options is as below: (i) 20% of the number of Options granted shall vest upon completion of one year from the Date of Grant. (ii) 30% of the number of Options granted shall vest upon completion of two years from the Date of Grant. (iii) 50% of the number of Options granted shall vest upon completion of three years from the Date of Grant. Everest Industries Limited Registered Office: GAT No. 152, Lakhmapur, Everest Industries Limited Level 3, Tower 14, Solitaire Corporate Park, Chakala Taluka Dindori, Nashik-422 202, Maharashtra Andheri (E), Mumbai - 400093, India T +91 2557 250375 / 462 | F +91 2557 250376 Board No - 02269772000 Corporate Identity No. L74999MH1934PLC002093 6 Time within which option may be The Exercise Period shall be Four Years from exercised the expiry of vesting period. 7 Brief details of significant terms ESOS-2021 is administered by the Nomination and Remuneration Committee of the Company. The grant of Options is based upon the eligibility criteria as mentioned in the Scheme. The options shall vest as per the vesting schedule specified in point 5 above and exercise period is Four Years from the expiry of vesting period. The granted Options once vested shall entitle the Option holder to acquire equal number of Equity Shares. The equity shares allotted, pursuant to the exercise of the Stock Options, would not be subject to lock-in. The Scheme also provides for the manner in which Stock Options would be dealt with in case of retirement, death, permanent incapacity, resignation and termination etc. Note: The disclosure requirements prescribed by Clause 10 (g) to (k), (m) and (n) of Para B of Annexure 18 of Circular No.: HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are not applicable. Everest Industries Limited Registered Office: GAT No. 152, Lakhmapur, Everest Industries Limited Level 3, Tower 14, Solitaire Corporate Park, Chakala Taluka Dindori, Nashik-422 202, Maharashtra Andheri (E), Mumbai - 400093, India T +91 2557 250375 / 462 | F +91 2557 250376 Board No - 02269772000 Corporate Identity No. L74999MH1934PLC002093