Evans Electric Ltd

Dematerialisation/rematerialisation status

• No dematerialisation/rematerialisation requests were received during the period.
• Regulation 74(5) not applicable as all holdings are in demat form.

Evans Electric Ltd — Trading window closed from October 01, 2026; shall open after 48 (Forty-Eight) hours of unaudited financial results for the half year ended 30th September 2026 become generally available.

Director Change: Jeanne Marie Desouza

• Change in designation: from Additional Non-Executive Non-Independent Director to Non-Executive Director liable to retire by rotation.
• Effective date of designation change: 01 June 2026; AGM approval: 23 September 2026.
• Profile: experience in education, child welfare, women empowerment; marketing, market research, communications.
• Relation with other directors: spouse of Ivor Anthony Desouza, Executive Director.
• Regulatory status: not debarred from holding office of director by SEBI or other authorities.

AGM Details

• 75th AGM held on Sep 23, 2026 via VC/OAVM.
• Meeting started 11:42 AM and ended 12:09 PM.
• Record date: Sep 17, 2026.
• Last date for postal ballot forms: Sep 28, 2026.

Key Resolutions

• Resolution 1 — adopt Audited Financial Statements for FY2026.
• Resolution 2 — re-appoint Kalyan V. Sivalenka by rotation.
• Resolution 3 — regularize appointment of Jeanne Marie Desouza as Director (Non-Exec).

Voting Results

• Resolution 1 passed; all valid votes in favour; no opposing votes.
• Resolution 2 passed; all in favour; no dissent.
• Resolution 3 passed; 98.86% in favour on valid votes; promoter group had 761,980 invalid votes.

Director Changes

• Ms Jeanne Marie Desouza appointed as Non-Executive Director.
• Mr Kalyan V. Sivalenka re-appointed by rotation.

AGM Details

• AGM held on 23 September 2026 at 11:42 A.M. IST via VC/OAVM.
• Meeting concluded at 12:09 P.M. IST.
• Remote e-voting conducted 20–22 September 2026; results to be announced within 48 hours.

Resolutions (Ordinary Business)

• Adopt Audited Financial Statements for the year.
• Re-appoint director by rotation.
• Regularize appointment of a Non-Executive Director.

Voting Results

• Voting results to be announced within 48 hours after the AGM.
• Detailed voting percentages not disclosed in this filing.

Dividend

• No dividend proposed or declared.

Director Changes

• Re-appointment by rotation of a director.
• Regularization of a Non-Executive Director.

Auditors

• No auditor appointments or changes announced.

Material Related Party Transactions

• No material RPT disclosed.

Other Approvals

• Remote e-voting facility and Scrutinizer appointment noted.

AGM Details

• 75th AGM on 23 September 2026 at 11:30 IST via VC/OAVM.
• Deemed venue is the registered office.
• Book closure from 18 September 2026 to 23 September 2026.
• E-voting cut-off date: 17 September 2026.
• Members as on cut-off date eligible to vote.

Key Resolutions

• Adopt Audited Financial Statements for year ended 31 March 2026.
• Re-appoint Kalyan V. Sivalenka by rotation.
• Regularize Jeanne Marie Desouza as Director (Non-Executive) via ordinary resolution.

Dividend & Related Party Transactions

• Dividend: no dividend proposed for FY2025-26 due to losses.
• Material RPTs: none disclosed for the year.

Director Changes

• Kalyan V. Sivalenka appointed Additional Non-Executive Director May 2025; regularised Sept 2025.
• Olga Neola Lume Pereira appointed Additional Independent Woman Director May 2025; regularised Sept 2025.
• Rajesh Dattatray Dhekane appointed CEO and KMP June 2025.
• Prathamesh Wadekar appointed CFO December 2025; resigned February 2026.
• Jeanne Marie Desouza appointed Additional Non-Executive Director June 2026; to be regularised.
• Kalyan V. Sivalenka to retire by rotation at the upcoming AGM.

Auditors

• Statutory auditors: M/s R.S. Prabhu & Associates for five years to 77th AGM.
• Secretarial auditor: A. Sekar appointed for five-year term from FY2025-26; no qualifications.

CSR & Governance

• CSR obligation for FY2025-26: Rs 1.41 million; policy available online.

Financial highlights

• Revenue from operations fell to Rs 11,68,330.01 in FY26 from Rs 25,47,874.71 in FY25.
• Total revenue declined to Rs 12,51,432.79 in FY26 from Rs 26,52,017.83 in FY25.
• Profit after tax dropped to Rs -43,063.92 in FY26 vs Rs 7,57,468.55 in FY25.
• Earnings per share declined to Rs -0.78 in FY26 vs Rs 21.90 in FY25.
• Dividend: no dividend proposed for FY2025-26.
• Net cash from operating activities: Rs 4,27,496.33 in FY26.
• Cash and cash equivalents at year-end: Rs 5,44,857.86.
• Short-term borrowings: Rs 16,530.34.

Operations & growth

• FY26 was a transitional year with organizational and policy realignment.
• Entered two new verticals: Renewable Power Generation and Specialized Component Manufacturing for Exports.
• Upgraded workshop facilities and testing infra, including HV testing capability.
• Developed capability to rebuild 11kV class motors and large generator components.
• Export orders executed; healthy pipeline of enquiries supports future growth.
• Diversification across repair, refurbishment, and export-ready component manufacturing.
• Strong focus on safety, ethics, and environment; ISO 14001:2026 alignment underway.
• Strategic priorities for FY2026-27 include leadership development and process optimization.

Dividend & reserves

• No dividend proposed for the financial year ended 31 March 2026.
• No transfer to reserves was recommended for FY2025-26.

Governance & leadership changes

• Kalyan V. Sivalenka appointed Additional Non-Executive Director on 28 May 2025; regularized Sep 29, 2025.
• Olga Noela Lume Pereira appointed Add’l Independent Woman Director on 28 May 2025; regularized Sep 29, 2025.
• Rajesh Dattatray Dhekane appointed CEO & KMP from 27 Jun 2025.
• Prathamesh Wadekar appointed CFO on 04 Dec 2025; resigned 28 Feb 2026.
• Jeanne Marie Desouza appointed Additional Director effective 01 Jun 2026; to be regularized.
• Board comprises 5 members: 1 executive, 4 non-executive including 2 independent.

Audit & internal controls

• Statutory auditors: M/s R.S. Prabhu & Associates; Secretarial auditor: A. Sekar.
• Internal financial controls are adequate and operating effectively as of 31 March 2026.
• Secretarial audit (MR-3) reports no qualifications or adverse remarks.

CSR & sustainability

• CSR policy exists; policy hosted on the company's website.
• CSR obligation for FY2025-26: Rs 1,412,327; amount spent: Rs 1,412,327.
• CSR activities include contributions to Bandra Holy Family Hospital and St. Elizabeth Hospital.

Outlook & strategic priorities

• Accelerate leadership readiness through site-based assignments.
• Institutionalize team-based performance and cross-functional delivery.
• Develop critical future skills in technology, analytics, and customer-centric operations.
• Strengthen organizational agility via workforce planning and structure optimization.

Order from MARC Thailand Co. Ltd

• Material order received from MARC Thailand Co. Ltd for resin-rich stator coils.
• Order value USD 114,400 (INR 1,09,54,480).
• Scope: 110 resin-rich stator coils for Nishishiba make 37500kVA, 11kV, 1500 RPM, 4-pole generator.
• Nature: works contract.
• Execution period: 35-40 days.
• International supplier; no promoter interest; not related-party.
• Guaranty: 24 months.

AGM book closure and dividend clarification

• Book closure for AGM: Sep 18–23, 2026 (inclusive).
• Record date for AGM set as Sep 17, 2026.
• Prior intimation misstated 'record date for dividend'; corrected to AGM record date.
• Board has not recommended any dividend for FY 2025-26.