Evans Electric Ltd has issued a clarification to the Bombay Stock Exchange (BSE) regarding recent price movements in its shares, responding to an inquiry dated April 09, 2026. The company attributed the observed fluctuations to market dynamics and investor sentiment rather than any internal factors or unpublished price sensitive information.

Company's Response to BSE Inquiry

In its official response dated April 14, 2026, Evans Electric emphasized that the price movements were not influenced by any undisclosed material developments within the organization. The company conducted an internal review to ensure no unpublished price sensitive information (UPSI) contributed to the stock price fluctuations.

Market Factors Behind Price Movement

The company identified several external factors contributing to the share price volatility:

• Market dynamics beyond the company's control
• Global economic conditions affecting investor behavior
• General investor sentiment in the market
• Broader market factors influencing stock performance

Evans Electric stressed that these movements were purely market-driven and not related to any internal corporate developments or undisclosed information.

Commitment to Transparency

The company reaffirmed its dedication to maintaining the highest standards of corporate governance and regulatory compliance. Evans Electric assured stakeholders of its commitment to providing accurate and timely information to shareholders and the investing public.

The response highlighted the company's willingness to cooperate with any additional requirements from the exchange to ensure market integrity and transparency. This approach demonstrates Evans Electric's proactive stance in addressing regulatory concerns and maintaining investor confidence.

Corporate Details

Evans Electric Ltd, engaged in heavy electro-mechanical repairs, operates from its Mumbai office and maintains manufacturing facilities in Palghar. The company has been incorporated since 1951 and continues to focus on transparency in its communications with stakeholders and regulatory bodies.

Evans electric Limited has submitted its quarterly compliance certificate to BSE Limited under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The Mumbai-based heavy electro-mechanical repairs company filed the mandatory documentation on April 09, 2026.

Compliance Certificate Details

The certificate was issued by Bigshare Services Private Limited, which serves as the Registrar and Transfer Agent (RTA) for Evans Electric Limited. The RTA confirmed compliance with relevant provisions of SEBI depositories regulations during the fourth quarter of fiscal year 2026.

Regulatory Status

According to the certificate issued by Bigshare Services, Regulation 74(5) is not applicable to Evans Electric Limited during the reporting quarter. The RTA confirmed that the entire holding of the company's shares remains in demat form, with no requests received from members for rematerialisation or dematerialisation during Q4FY26.

Company Information

Evans Electric Limited operates in the heavy electro-mechanical repairs sector with its office located at 501/B - Wing, Raj Residency, Gujar Lane, Off S. V. Road, Santa Cruz (West), Mumbai. The company maintains its regulatory compliance through systematic quarterly filings as mandated by SEBI regulations.

The filing demonstrates Evans Electric's commitment to maintaining transparency and regulatory compliance in its operations as a publicly listed entity on BSE Limited.