Evans Electric Ltd

Evans Electric Ltd. has announced receiving a service order worth ₹1,60,50,000 from Tata Power Company Limited. The order is for "Services for Unit-10 Hydro Generator Stator winding repair works at Bhivpuri Generating Station." The execution period for this contract is 1.5 months. This order is from a domestic entity and is classified as a Works Contract. There is no indication of promoter or group company interest in the awarding entity, nor does it fall under related party transactions.

Counter Cyclical Investments Private Limited, acting through its clients as a Portfolio Manager, has disclosed a change in its shareholding in Evans Electric Limited. As of May 27, 2026, the firm disposed of 15,000 shares of Evans Electric through open market transactions, reducing its stake from 5.61% to 5.34%. The disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Evans Electric Ltd has filed revised financial results for the year ended March 31, 2026, after a query from the BSE listing portal. The initial filing inadvertently omitted the declaration of unmodified opinion. The revised results were approved at a board meeting on May 20, 2026, which also included the consideration of the internal auditors’ report and the appointment of Ms. Jeeane D’esouza as an Additional Director.

Evans Electric Ltd has appointed Jeeane Marie Desouza as an Additional Non-Independent Director, effective June 01, 2026. The appointment follows the recommendation of the Nomination and Remuneration Committee and was approved during the Board Meeting on May 20, 2026. Ms. Desouza is the wife of Ivor Anthony Desouza, the Executive Director and promoter of the company. She brings experience in social impact initiatives and marketing communication.

Evans Electric Ltd's board approved the audited standalone financial results for the year ended March 31, 2026. Net sales/income from operations stood at ₹1163.68 lakhs, compared to ₹2539.19 lakhs in the previous year. The company reported a net loss of ₹43.06 lakhs after tax. Ms. Jeeane D’esouza was appointed as an Additional Director. The board also reviewed the internal auditors’ report for the half year ended March 31, 2026.

Evans Electric Ltd's Board of Directors approved the audited standalone financial results for the year ended March 31, 2026. The company reported a net loss of ₹75.13 lakhs. The board also appointed Ms. Jeeane D’esouza as an Additional Director. Income from operations was ₹1163.68 lakhs, and total expenditure was ₹1238.65 lakhs for the year ended March 31, 2026.

Evans Electric Ltd has announced a Board of Directors meeting scheduled for May 20, 2026, to consider and approve the audited financial results of the Company for the Financial Year ended March 31, 2026. The company has informed the BSE about this meeting, citing compliance under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Evans Electric Ltd has received a material order worth ₹5,83,20,832 from Tamil Nadu Green Energy Corporation Limited. The order involves refurbishing stator core, re-insulating stator and rotor coils, supplying new stator bars, and performing allied mechanical works for a 100 MW generator at Kadamparai Power House. The project is expected to be completed within 10 months and comes with a 36-month guarantee. The company has confirmed that this transaction does not involve any related parties.

Evans Electric Ltd responded to a BSE inquiry regarding unusual share price movement, stating that the fluctuations are solely due to market factors and shareholder sentiment. The company explicitly denied any influence from Unpublished Price Sensitive Information (UPSI) or internal developments. Evans Electric emphasized its commitment to high standards of corporate governance and regulatory compliance, attributing the price changes to broader market dynamics, global economic conditions, and investor sentiment, all beyond its control. An internal review confirmed no undisclosed material information. The company reiterated its dedication to transparency and willingness to cooperate with the exchange.

Evans Electric Ltd has announced the closure of the trading window for designated persons and their immediate relatives, as per the Securities and Exchange Board of India (Prohibition of Insider Trading) (Amendment) Regulations, 2018 and Companies Code of Conduct on Insider Trading. The trading restriction period will be effective from Wednesday, April 01, 2026, and will reopen after 48 hours of the declaration of Audited financial statements for the half year and Financial Year ended 31st March 2026.