Evans Electric Ltd — Important, 22-09-2025: Company Update

Evans Electric Ltd. has announced an internal transfer of 7.62 lakh equity shares between promoter group members, Ms. Jeanne Marie Desouza (acquirer) and Mr. Ivor Anthony Desouza (transferor). This transaction, executed off-market by way of gift, represents 13.88% of the company's diluted share capital. As an inter-se transfer among immediate relatives within the promoter group, it is exempt from open offer requirements. The company confirmed that the aggregate shareholding of the promoter and promoter group remains unchanged post-transaction, ensuring stable overall control.