Everest (EVERESTIND) — Announcement

📢 Key Event
Everest Industries receives GST show cause notice

💡 Investor Takeaway
The notice poses a regulatory risk but the company expects no material financial impact.

⚠️ Risks
Potential tax liability of Rs. 3.89 crores

Everest Industries received a show cause notice from the GST department on August 31, 2026, alleging tax liabilities of Rs. 3.89 crores for FY 2020-21, including interest and penalty, raising concerns about improper credit claims and input tax disallowance; the company disputes the demand and states no material financial impact is expected as it prepares a legal response.

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About Everest Industries Ltd (EVERESTIND)

Construction Materials · Cement - Products · Listed on BSE

Market Cap: ₹671.89 Cr ROE: -0.3% ROCE: 6.0% Div Yield: 0.24%

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🔥 Also filed on 1 September 2026

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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