Counter Cyclical Investments Private Limited has disclosed a shareholding increase in Evans Electric Limited, filing mandatory disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The Nagpur-based portfolio management company acquired additional shares through its clients on February 11, 2026.

Acquisition Details

The acquisition involved the purchase of 22000 shares through open market transactions, representing 0.40% of Evans Electric's total share capital. The transaction increased Counter Cyclical Investments' total shareholding from 293000 shares to 315000 shares.

Company Structure and Compliance

Counter Cyclical Investments Private Limited, incorporated with CIN U65999PN2018PTC175591, operates as a portfolio manager and made the acquisition through its clients. The company confirmed it does not belong to the promoter or promoter group of Evans Electric Limited.

Evans Electric Limited's shares are listed on BSE Limited, with a total equity share capital of 5488000 shares. The target company maintains its registered office at 430, Orchard Mall, 3rd Floor Royal Palms Estate, Aarey Milk Colony, Goregaon (East), Mumbai.

Regulatory Disclosure

The disclosure was filed with both Evans Electric Limited and BSE Limited as mandated under SEBI SAST Regulations. The filing includes comprehensive details of shareholding before and after the acquisition, with all voting rights held through equity shares carrying voting rights.

The transaction represents a strategic increase in Counter Cyclical Investments' position in Evans Electric Limited, with the portfolio manager maintaining transparency through proper regulatory filings. The disclosure was signed by Director Parminder Pal Singh Bhatia (DIN: 07159378) on February 12, 2026.

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.