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Everest Industries Limited ( (IN:EVERESTIND) ) has issued an update.
Everest Industries Limited has completed the first phase of its planned sale of surplus land at Podanur, near Coimbatore in Tamil Nadu, executing a registered sale deed on April 10, 2026 with G Square Properties Private Limited. The transaction covers 16.84 acres out of a total 23.32 acres of vacant, excess land identified for disposal, with certain portions structured through related gift and premium agreements in line with a previously signed term sheet.
The company has so far received Rs. 1,00.83 crore of the agreed total consideration of Rs. 133.86 crore for the land deal, paid in tranches since August 2025, and expects to complete the sale of the remaining 6.48 acres by November 4, 2026. As the asset is non-operational vacant land that does not contribute to revenue or net worth, the monetisation is positioned as a balance-sheet-focused move, potentially improving financial flexibility without directly impacting core operations.
More about Everest Industries Limited
Everest Industries Limited is an Indian building solutions company engaged in manufacturing and selling roofing, boards and panels, and other construction materials. The company focuses on industrial, rural, and urban infrastructure markets across India, leveraging a wide distribution network and longstanding presence in the construction and housing sectors.
Average Trading Volume: 844
Technical Sentiment Signal: Sell
Current Market Cap: 5.28B INR
For detailed information about EVERESTIND stock, go to TipRanks’ Stock Analysis page.