Evans Electric Limited , a company specializing in heavy electro-mechanical repairs, has announced the retirement of its Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), Anil Gulwani. The retirement took effect at the close of business hours on September 11, 2025, as per the company's retirement policy.

Retirement Details

The decision for Gulwani's retirement was made in accordance with the company's retirement policy, which was recommended by the Nomination and Remuneration Committee and approved by the Board of Directors. Evans Electric Limited has expressed its deep appreciation for Gulwani's services and contributions during his tenure as CFO.

Succession Plan

The company is currently in the process of appointing a suitable candidate to fill the crucial position of CFO and KMP. Evans Electric has stated that it will inform the stock exchanges about the new appointment in due course, adhering to applicable regulations.

Regulatory Compliance

In compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Evans Electric Limited has formally notified the BSE Limited of this significant change in key personnel. The company provided the necessary details as required by SEBI regulations, including the reason for the change and the effective date of cessation.

Company Overview

Evans Electric Limited, with its registered office in Santa Cruz (West), Mumbai, operates in the heavy electro-mechanical repairs sector. The company's production facility is located in Palghar, Maharashtra. As a publicly listed entity on the BSE with the scrip code 542668, Evans Electric is committed to maintaining transparency with its stakeholders through timely disclosures of material information.

The retirement of a key executive such as the CFO marks a significant transition for Evans Electric Limited. As the company moves forward with its search for a new financial leader, stakeholders will be keenly watching for announcements regarding the appointment of Gulwani's successor.

Evans Electric Ltd. has announced key decisions following its Board of Directors meeting held on August 26, 2025. The company, known for its heavy electro-mechanical repairs, has made several important announcements for the financial years 2024-25 and 2025-26.

Dividend Announcement

The Board of Directors has recommended a final dividend of Rs. 1.50 per share for the financial year 2024-25, subject to shareholder approval at the upcoming Annual General Meeting (AGM).

74th Annual General Meeting

Evans Electric has scheduled its 74th AGM for September 29, 2025. Shareholders should note the following important dates:

• Record Date: September 25, 2025
• Book Closure: September 26-29, 2025 (both days inclusive)

Key Approvals and Appointments

The Board meeting, which lasted from 1:37 PM to 2:50 PM, resulted in several significant decisions:

1. Approval of the Secretarial Audit Report for the year ended March 31, 2025
2. Approval of the Directors' Report for the year ended March 31, 2025
3. Appointment of internal auditors for the financial year 2025-26
4. Approval of CSR expenditure plans for FY 2025-26
5. Appointment of Big Share Services Private Limited as the e-voting service provider for the AGM
6. Appointment of M/s MSDS & Associates, Practicing Company Secretaries, as scrutinizer for e-voting and the AGM

Compliance and Transparency

The company has affirmed that these decisions comply with the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement demonstrates Evans Electric's commitment to corporate governance and shareholder communication.

Shareholders and investors are advised to mark their calendars for the upcoming AGM and take note of the record date for dividend eligibility. The final dividend, once approved at the AGM, will be a return for the company's investors.

As Evans Electric continues to navigate the heavy electro-mechanical repairs sector, these corporate actions reflect the company's ongoing efforts to maintain transparency and create value for its stakeholders.