Evans Electric Limited reported a net loss of ₹43.06 lakh for the financial year ended March 31, 2026, a significant decline from the net profit of ₹757.47 lakh recorded in the previous year. Total income from operations fell to ₹1168.33 lakh in FY26 from ₹2547.88 lakh in FY25. The company’s board approved the audited standalone financial results for the year during a meeting held on May 20, 2026.

The company’s expenditure for the year stood at ₹1238.65 lakh, lower than the ₹1648.12 lakh reported in the previous fiscal. Profit from ordinary activities before tax was ₹12.78 lakh, down from ₹1003.90 lakh in the prior year. The board also appointed Ms. Jeeane D'esouza as an Additional Director, effective until the conclusion of the forthcoming Annual General Meeting.

Financial Performance

The standalone audited financial results for the year ended March 31, 2026, reflect a contraction in both revenue and profitability. The company reported a basic and diluted earnings per share (EPS) of -₹0.78 for FY26, compared to ₹21.90 in the previous year.

Assets and Liabilities

The total equity and liabilities as of March 31, 2026, were ₹2825.99 lakh, a decrease from ₹3497.47 lakh in the previous year. Shareholder's funds stood at ₹2500.68 lakh, while non-current liabilities were recorded at ₹104.74 lakh. Current liabilities decreased significantly to ₹220.57 lakh from ₹861.13 lakh in the prior year.

On the assets side, non-current assets were valued at ₹1506.38 lakh, and current assets at ₹1319.10 lakh. Cash and bank balances improved substantially to ₹644.87 lakh as of March 31, 2026, compared to ₹47.56 lakh in the previous year.

Auditor’s Report and Compliance

The statutory auditors, R.S. Prabhu & Associates, issued an audit report with an unmodified opinion on the standalone financial statements. The auditors noted that the company has not incurred any cash losses in the financial year or the immediately preceding financial year. They also confirmed that no material uncertainty exists regarding the company's ability to meet its liabilities within one year from the balance sheet date.

The company clarified to the BSE that the declaration of the Audit Report with Unmodified Opinion was inadvertently not attached to the initial financial results submission and has now been provided. The board also took on record the internal auditors' report for the half year ended March 31, 2026.

Evans Electric Limited has announced the appointment of Ms. Jeanne Marie De Souza as an Additional Non-Independent Director on its Board, effective June 01, 2026. The appointment was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ms. De Souza is the wife of Ivor Anthony Desouza, the Executive Director and promoter of the company.

Brief Profile

Ms. De Souza brings extensive experience in social impact initiatives focused on education, child welfare, and women empowerment, both in India and internationally. Her professional background includes expertise in marketing communication, where she has developed sales pitches, brochures, and promotional content. She also possesses a strong understanding of marketing research and development, contributing to impactful communication strategies and organizational outreach.

Board Compliance Details

The company affirmed that Ms. De Souza has not been debarred from holding the office of Director by any order passed by SEBI or other authorities. The appointment adds valuable expertise to the company's leadership team, combining social awareness with practical business insight to support its long-term vision.