Evans Electric Ltd has clarified that it has not recommended any dividend for the financial year ended March 31, 2026, correcting an inadvertent error in its previous exchange filing. The company confirmed that the record date of September 17, 2026, is solely for determining voting eligibility at its Seventy Fifth Annual General Meeting (AGM) scheduled for September 23, 2026. This correction ensures shareholders understand that the upcoming book closure period does not confer dividend entitlements.

The clarification was issued on August 7, 2026, following the initial intimation filed on August 5, 2026. In the earlier communication, the company erroneously referred to the date as the "Record date for dividend." Evans Electric Ltd stated that this was an inadvertent mistake and that the Board of Directors did not recommend any dividend payout for FY26. The book closure period remains unchanged, running from September 18 to September 23, 2026, both days inclusive.

Key Dates and Corrections

Shareholders should note that while the timeline for the AGM remains intact, the financial implication previously suggested by the filing is withdrawn. No transfer of shares will be processed during the book closure window to finalize the register for voting purposes.

Governance and Regulatory Compliance

The intimation regarding the book closure dates was issued pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The initial meeting notice was issued on July 29, 2026, under Regulation 29(1), and the board meeting outcome was disclosed under Regulation 30. The correction notice was signed by Ivor Anthony Desouza, a Director of Evans Electric Ltd (DIN: 00978987).

Alongside the procedural clarification, the Board had previously recommended the regularization of Ms. Jeanne Marie Desouza as a Non-Executive Director. This resolution requires shareholder approval at the AGM. Evans Electric Ltd, incorporated in 1951, operates in the heavy electro-mechanical repairs sector. The AGM will also cover statutory resolutions, including the approval of financial disclosures for FY26.

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.