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| Exchange Received Time 05/10/2018 11:57:26 Exchange Disseminated Time 05/10/2018 11:57:35 Time Taken 00:00:09 | In connection with the requirement under paragraph 9(c) of the SEBI Circular No. CIR/CFD/DIL/7/2013 dated May 13, 2013 (the "SEBI ESOP Clarification"), we are hereby forwarding the enclosed disclosure on behalf of Everest Staff Welfare Trust (the "ESWT") for your reference and records.
Please note that the scheme whose details are disclosed herein have not been framed by Everest Industries Limited (the "Company"). They have been instituted and are administered by the ESWT - an independent trust which is an independent public shareholder of the Company.
This disclosure is being made by way of abundant caution and without any prejudice to any submission by the Company or ESWT as to the applicability of the SEBI Circular dated January 17, 2013, or the SEBI ESOP Clarification to the aforesaid schemes.
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