Evans Electric Ltd , a company specializing in heavy electro-mechanical repairs, has announced significant changes to its leadership team following a board meeting held on October 30, 2025. The meeting, which lasted from 4:45 p.m. to 6:10 p.m., resulted in several key decisions affecting the company's top management.

Leadership Transitions

The board meeting addressed three major changes in the company's leadership:

Details of Changes

Chief Financial Officer

The board accepted the retirement of Anil Gulwani from his position as Chief Financial Officer.

Independent Director

Christopher Joseph Rodricks (DIN: 00153176) completed his five-year tenure as an Independent Director. The board decided not to appoint him for a second term. His cessation from the role was effective from October 22, 2025.

Whole Time Director

Wilson DeSouza (DIN: 01605439) tendered his resignation as Whole Time Director, citing his intention "to pursue other opportunities." His resignation will take effect from October 31, 2025. In his resignation letter, DeSouza expressed gratitude for the opportunity to serve the company and acknowledged the support of his colleagues during his tenure.

Regulatory Compliance

Evans Electric Ltd has informed the BSE Limited about these changes in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also provided the necessary disclosures as required under the regulations.

These leadership changes come at a crucial time for Evans Electric Ltd, which operates in the specialized field of heavy electro-mechanical repairs.

Evans Electric Ltd. , a company specializing in heavy electro-mechanical repairs, has reported a significant change in its shareholding structure. The company disclosed that 761,972 equity shares were transferred between promoters through an off-market gift transaction on September 19, 2025.

Details of the Share Transfer

The transfer involved two key members of the company's promoter group:

• Seller: Mr. Ivor Anthony Desouza
• Acquirer: Ms. Jeanne Marie Desouza

This inter-se transfer of shares was executed as a gift, reflecting a transfer between immediate relatives within the promoter group.

Impact on Shareholding

The transaction has resulted in a substantial shift in the individual holdings of the involved parties:

It's important to note that despite this significant transfer, the aggregate holding of the Promoter and Promoter Group remains unchanged.

Regulatory Compliance

Evans Electric Ltd. has ensured compliance with various regulatory requirements:

1. The company submitted the required disclosures to BSE Limited on September 22, 2025.
2. The transaction falls under the exemption provided in Regulation 10(1)(a)(i) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.
3. Prior intimation of the proposed transfer was made on September 12, 2025, as per Regulation 10(5) of SEBI regulations.
4. Disclosures were also made under SEBI's insider trading provisions.

Company Background

Evans Electric Ltd. is listed on the BSE with the scrip code 542668 and ISIN INE06TD01010. The company's registered office is located in Santa Cruz (West), Mumbai, with its manufacturing facility in Palghar, Maharashtra.

This share transfer represents a significant change in the individual holdings within the promoter group but does not affect the overall promoter stake in the company. Investors and market participants may want to take note of this change in the company's shareholding pattern.