Counter Cyclical Investments Private Limited has made a significant move in evans electric , crossing the crucial 5% shareholding threshold that triggers mandatory regulatory disclosures. The Nagpur-based portfolio management company acquired additional shares on January 19, 2026, demonstrating continued confidence in the electrical equipment manufacturer.

Acquisition Details and Shareholding Changes

The transaction involved the acquisition of 9,000 shares through open market purchases, representing 0.16% of Evans Electric Limited's total paid-up share capital. This strategic move increased Counter Cyclical Investments' total shareholding from 274,000 shares to 283,000 shares.

Regulatory Compliance and Disclosure

The acquisition triggered mandatory disclosure requirements under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Counter Cyclical Investments Private Limited filed the requisite disclosure with BSE Limited and Evans Electric Limited on January 21, 2026, two days after the acquisition date.

The disclosure was signed by Parminder Pal Singh Bhatia, Director of Counter Cyclical Investments Private Limited (DIN: 07159378), ensuring compliance with regulatory frameworks governing substantial shareholding acquisitions.

Company Profile and Investment Approach

Counter Cyclical Investments Private Limited, incorporated in 2018 with CIN U65999PN2018PTC175591, operates as a portfolio management company from its registered office in Nagpur, Maharashtra. The company made the acquisition through its clients as part of its portfolio management services, indicating an institutional investment approach rather than direct promoter involvement.

Market Implications

The crossing of the 5% threshold represents a significant milestone in Counter Cyclical Investments' investment strategy for Evans Electric Limited. The acquisition demonstrates institutional confidence in the electrical equipment sector and Evans Electric's business prospects. The transaction was executed entirely through open market purchases, indicating transparent market-based pricing for the shares acquired.

The disclosure ensures market transparency and provides investors with crucial information about changing shareholding patterns in Evans Electric Limited. With the total share capital remaining unchanged at 5,488,000 shares, the acquisition represents a redistribution of existing shares rather than any dilutive corporate action.

Evans Electric Limited , a company specializing in heavy electro-mechanical repairs, has reported a significant decrease in its financial performance for the half-year ended September 30, 2025. The company faced challenges that led to a substantial reduction in both revenue and profits.

Financial Highlights

All financial figures in lakhs, except for EPS

Key Observations

1. Profit Decline: Evans Electric's net profit for the half-year plummeted to ₹32.07 lakh, a stark contrast to the ₹659.14 lakh reported in the same period last year. This represents a 95.1% year-on-year decrease.

2. Revenue Contraction: The company's net sales saw a significant drop of 66.7%, falling from ₹2,061.89 lakh to ₹687.06 lakh.

3. Operational Income: Total income from operations also declined by 66.4%, aligning closely with the drop in net sales.

4. Earnings Per Share: The basic earnings per share (EPS) decreased dramatically from ₹19.06 to ₹0.58, reflecting the company's reduced profitability.

5. Cash Position: Despite the overall decline in financial performance, Evans Electric reported a substantial increase in cash and cash equivalents, rising from ₹47.35 lakh to ₹893.80 lakh.

Corporate Governance

The Board of Directors of Evans Electric convened on November 12, 2025, to review and approve the unaudited half-yearly financial results. The meeting, which lasted from 1:29 PM to 2:30 PM, also included a review of the Internal Audit Report for the period.

Company Overview

Evans Electric Limited operates in the heavy electro-mechanical repairs segment. The company's registered office is located in Santa Cruz (West), Mumbai, with its manufacturing facility in Palghar, Maharashtra.

While the company has faced significant challenges in the first half of the fiscal year 2025, the substantial increase in cash and cash equivalents may provide some financial flexibility as it navigates through this difficult period. Shareholders and potential investors may want to monitor the company's future announcements and strategies to address the current downturn in its financial performance.