NSEAppointment18 Jun 2026 · 18 Jun 2026, 09:01 pm
Appointment
Everest Industries Limited · EVERESTIND
✦ AI SummaryMgmt Change
Everest Industries Limited has appointed Mr. Nachiket Badnore as Vice President & BU Head - ESBS with effect from June 18, 2026.
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Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact5/10
Market Sentiment5/10
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Full Announcement
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 Mr. Nachiket Badnore has been appointed as a Vice President & BU Head - ESBS of the Company with effect from June 18, 2026 and he would be a part of the senior management team. The requisite details in terms of the Listing Regulations and aforesaid circular are attached in Annexure A .
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EVERESTINDUSTRIES_18062026210055_ApptVPESBS18062026.pdf
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June 18, 2026
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, Plot No. C/1, G Block Phiroze Jeejeebhoy Towers
Bandra – Kurla Complex Dalal Street, Mumbai – 400 001.
Bandra (E), Mumbai – 400 051 Scrip Code: 508906
Scrip Code: EVERESTIND
Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 - Change in Senior Management Personnel
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 Mr. Nachiket Badnore has been
appointed as a Vice President & BU Head - ESBS of the Company with effect from June 18,
2026 and he would be a part of the senior management team. The requisite details in terms of
the Listing Regulations and aforesaid circular are attached in “Annexure A”.
Kindly take the same on record.
Thanking you,
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 A
Sr. No. Particulars Details
1 Reason for change viz. Appointment of Mr. Nachiket Badnore as a
appointment, re-appointment, Vice President & BU Head - ESBS of the
resignation, removal, death or Company with effect from June 18, 2026.
otherwise;
2 Date of appointment/re- June 18, 2026
appointment/cessation (as
applicable) & term of
appointment/re-appointment;
3 Brief profile (in case of Mr. Nachiket Badnore holds a Bachelor of
appointment) Mechanical Engineering from Walchand
Institute of Technology, Solapur and has also
completed a Senior Management
Development Program from the Indian
Institute of Management Ahmedabad (IIMA).
Mr. Nachiket brings over 22 years of rich and
diverse experience in the process industry and
EPC ecosystem, with deep expertise in
business leadership, P&L management, project
execution, business transformation, product
development, strategy formulation, and global
operations management. Throughout his
career, he has demonstrated strong capabilities
in building and scaling businesses, leading
cross-functional and global teams, driving
profitable growth, creating new business
verticals, and delivering complex projects
across international markets.
Prior to joining Everest, Mr. Nachiket was
associated with Sulzer India as Director –
Static Mixer Business (Europe, Africa, Middle
East & India), where he was responsible for
global sales and business development of the
Static Mixer product line while holding full
P&L responsibility for Europe, the Middle
East, Africa, and India. He successfully
transformed a niche business that was under
consideration for discontinuation into a high-
growth global business, scaling revenues
significantly through strategic market
positioning, product innovation, and
operational excellence. Before this role, he led
Sulzer’s Proposals & Project Management
function, where he established and scaled 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
new process plant execution business from the
ground up, creating capabilities across
engineering, project management,
procurement, and commercial operations.
4 Disclosure of relationships Not Applicable
between Directors (in case of
appointment of a Director)
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