Evans Electric Limited has appointed Sunil B. Jadhav as its Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective August 05, 2026. The Board of Directors approved the appointment during a meeting held on the same date, acting on the recommendation of the Nomination and Remuneration Committee. This leadership change strengthens the company’s financial oversight with an executive possessing more than 25 years of experience in corporate finance, statutory compliance, and audit coordination for listed entities.

The appointment was disclosed pursuant to Regulation 30 read with Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also references SEBI circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Ivor Anthony Desouza, Director of Evans Electric Limited, signed the intimation letter addressed to the Manager at BSE Limited.

Appointment Details

Professional Profile

Sunil B. Jadhav holds a Bachelor of Commerce degree in Accounting & Finance from the University of Mumbai, graduating in 1999. He possesses extensive expertise in GST, TDS, TCS, and income tax compliance, alongside proficiency in SEBI Listing Obligations and Disclosure Requirements (LODR). His skill set includes MIS reporting, financial controls, banking operations, and audit coordination.

Prior to his current role as Senior Manager – Finance & Accounts at Evans Electric Limited since March 2026, Jadhav served as Accounts Manager at Sagar Stationery Pvt. Ltd. from April 2025 to March 2026. Before that, he spent nearly two decades at GM Polyplast Limited (December 2005 – November 2024) as a Senior Accountant, where he managed financial reporting, statutory compliance, and stock exchange reporting for a listed company. His earlier career includes tenure as an Accountant at Shreeji Industrial Engineers (Bombay) Pvt. Ltd. from 2000 to 2005.

What This Means for Governance

The appointment ensures continuity in financial management for Evans Electric Limited, which operates in heavy electro-mechanical repairs. Jadhav’s prior experience with listed company compliance and statutory audits aligns with the regulatory requirements for KMP roles under Indian corporate law. The disclosure confirms no debarment orders exist against the appointee and no relationships between directors require further disclosure.

Evans Electric Ltd has secured a service order worth Rs 1.61 Cr from Tata Power Company Limited for hydro generator stator winding repair works at Bhivpuri Generating Station. The order, valued at Rs. 1,60,50,000, involves services for Unit-10 and is classified as a domestic works contract to be executed within 1.5 months.

Order Details

The disclosure was made to BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the order does not involve any interest from the promoter, promoter group, or group companies in the entity awarding the contract. Furthermore, the transaction does not fall within related party transactions.