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Evans Electric Ltd (542668)

📊 BSE: 542668 🏢 Diversified Commercial Services 📢 Latest filing: 23 Sep 2026

Latest quarterly results (H2 FY26)

In its latest reported quarter, H2 FY26, Evans Electric's revenue was ₹4.8 Cr (-76.8% year on year, -30.1% on the previous half-year), and net profit ₹-0.8 Cr (against a profit a year earlier); the operating margin was -14.6%.

H2 FY26 (₹ Cr)	Value	YoY vs H2 FY25	vs prev. half
Revenue	₹4.8	-76.8%	-30.1%
Operating profit	₹-0.7	to loss	to loss
Net profit	₹-0.8	to loss	to loss
EPS (₹)	-1.37	to loss	to loss
Operating margin	-14.6%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Evans Electric Shareholders Approve Regularization of Jeanne Marie Desouza as Non-Executive Director

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 23 Sep 2026, 07:47 PM

Evans Electric announced that shareholders approved the regularization of Ms. Jeanne Marie Desouza as a Non-Executive Non-Independent Director at its 75th AGM held on September 23, 2026. She was previously appointed as an Additional Director on June 1, 2026, and is now liable to retire by rotation. Ms. Desouza is the spouse of Ivor Anthony Desouza, the Executive Director and promoter of the company (promoter group holds 59.44%). The update is procedural corporate governance compliance and has no direct financial impact.

Shareholder approval granted at the 75th Annual General Meeting on September 23, 2026
Designation regularized from Additional Director to Non-Executive Non-Independent Director liable to retire by rotation
Original date of appointment was June 01, 2026
Director is related as the wife of Ivor Anthony Desouza, Executive Director and promoter

💡 Track subsequent corporate governance disclosures and upcoming quarterly operational earnings following a loss of ₹0.43 Cr reported in FY26.

Evans Electric Submits FY26 Annual Report; 75th AGM Scheduled for September 23, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 27 Aug 2026, 10:40 PM

Evans Electric Limited has submitted its Annual Report for FY 2025-26 and issued the notice convening its 75th Annual General Meeting on September 23, 2026. The disclosures highlight a sharp operational contraction in FY26, with Return on Capital Employed falling to 1.69% from 39.49% in FY25 and net profit margin dropping to -3.69% from 29.73%. Management attributed this steep decline to customer-building strategy shifts and senior management retirements. The record/cut-off date for AGM e-voting has been established as September 17, 2026.

75th Annual General Meeting scheduled for September 23, 2026, via Video Conferencing.
Cut-off date for e-voting is September 17, 2026, with remote voting running from September 20 to September 22, 2026.
ROCE declined sharply to 1.69% in FY26 compared to 39.49% in FY25.
Net profit margin contracted to -3.69% in FY26 versus 29.73% in FY25, impacted by strategy shifts and management turnover.

💡 Shareholders should note the voting timelines ending September 22, 2026, and monitor upcoming quarterly numbers to assess stabilization following management transitions.

Evans Electric Convenes 75th AGM on September 23, 2026; Submits FY26 Annual Report

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 27 Aug 2026, 10:30 PM

Evans Electric Ltd has issued the notice convening its 75th Annual General Meeting (AGM) on Wednesday, September 23, 2026, via video conferencing. The ordinary business includes the adoption of the audited financial statements for FY25-26 and the re-appointment of retiring director Mr. Kalyan V. Sivalenka. Special business includes regularizing the appointment of Ms. Jeanne Marie Desouza as a Non-Executive Director. The cut-off date for voting is September 17, 2026, with the remote e-voting period open from September 20 to September 22, 2026.

75th AGM scheduled for September 23, 2026, at 11:30 AM IST via Video Conferencing
Cut-off date for determining shareholder voting eligibility set as September 17, 2026
Remote e-voting period runs from September 20, 2026 (9:00 AM IST) to September 22, 2026 (5:00 PM IST)
Book closure scheduled from September 18, 2026 to September 23, 2026 (both days inclusive)
Proposed regularization of Ms. Jeanne Marie Desouza as Non-Executive Director

💡 Shareholders holding shares as of the September 17, 2026 cut-off date may participate in the e-voting process starting September 20, 2026, or attend the virtual AGM on September 23, 2026.

Evans Electric Secures ₹1.10 Cr (USD 114,400) International Order from MARC Thailand

🟢 POSITIVE ⭐ 5/10

OTHER 📅 20 Aug 2026, 03:03 PM

Evans Electric Ltd has received an international export order valued at USD 114,400 (approximately ₹1.10 crore) from MARC Thailand Co. Ltd. The works contract involves the manufacture and supply of 110 Resin Rich stator coils for a NISHISHIBA 37,500 kVA synchronous generator. The contract is scheduled to be executed within a quick turnaround timeline of 35 to 40 days and includes a 24-month guarantee. The order size represents ~9.4% of the company's FY26 revenue (₹11.69 crore) and ~3.0% of TTM revenue (₹37 crore).

Received international works contract worth USD 114,400 (₹1,09,54,480) from MARC Thailand Co. Ltd.
Scope comprises manufacture and supply of 110 Resin Rich stator coils for NISHISHIBA 37500kVA, 11kV, 1500 RPM, 4 pole synchronous generator.
Order execution timeline is within 35 - 40 days with a guarantee period of 24 months.
Order represents ~9.4% of FY26 revenue of ₹11.69 crore.

💡 Track execution and revenue recognition over the next 1-2 quarters, and monitor if this leads to recurring high-margin international export orders.

Evans Electric Clarifies No Dividend for FY26; Sets AGM Record Date for Sept 17

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Aug 2026, 06:07 PM

Evans Electric Ltd has issued a correction to its previous filing, clarifying that the record date of September 17, 2026, is for the Annual General Meeting (AGM) and not for a dividend. The company explicitly confirmed that the board has not recommended any dividend for the financial year 2025-26. This follows a challenging fiscal year where the company reported a net loss of ₹0.43 crore compared to a profit of ₹7.57 crore in FY25. The book closure period for the AGM is scheduled from September 18 to September 23, 2026.

Record date for the Annual General Meeting (AGM) is fixed as September 17, 2026
Book closure period is set from September 18, 2026, to September 23, 2026
Company confirmed zero dividend recommendation for the financial year 2025-26
The filing corrects an inadvertent error in the previous intimation dated August 05, 2026
Company reported a net loss of ₹0.43 crore for FY26, down from a ₹7.57 crore profit in FY25

💡 Investors should focus on the upcoming AGM for management commentary regarding the sharp decline in revenue and profitability during FY26.

Evans Electric Sets September 17, 2026, as Record Date for Dividend

🟡 NEUTRAL ⭐ 4/10

DIVIDEND 📅 05 Aug 2026, 03:22 PM

Evans Electric Ltd has announced its book closure dates for the upcoming Annual General Meeting (AGM). The company has fixed September 17, 2026, as the record date to determine shareholder eligibility for a dividend. This announcement comes after a difficult FY26 where the company reported a net loss of ₹0.43 crore on a revenue of ₹11.69 crore, a significant decline from the ₹25.48 crore revenue in FY25. The book closure will occur from September 18 to September 23, 2026.

Record date for dividend eligibility is fixed for September 17, 2026
Book closure period scheduled from September 18, 2026, to September 23, 2026
Company reported a TTM revenue of ₹37 crore, though FY26 annual revenue stood lower at ₹11.69 crore
Promoter holding remains stable at 59.44% as of March 2026

💡 Investors should monitor the upcoming AGM for management's explanation regarding the 54% revenue drop in FY26 and the strategy to return to the profitability levels seen in FY25.

Evans Electric Appoints Sunil B. Jadhav as CFO Effective August 05, 2026

🟡 NEUTRAL ⭐ 7/10

MANAGEMENT 📅 05 Aug 2026, 03:18 PM

Evans Electric has appointed Mr. Sunil B. Jadhav as its Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) effective August 05, 2026. Mr. Jadhav brings over 25 years of experience in finance and accounting, having previously served as the company's Senior Manager of Finance since March 2026. This appointment comes as the company seeks to stabilize after a challenging FY26, which saw revenue drop to ₹11.69 Cr from ₹25.48 Cr in FY25, leading to a net loss of ₹0.43 Cr.

Appointment of Sunil B. Jadhav as CFO effective August 05, 2026.
Mr. Jadhav possesses 25+ years of experience in accounting, taxation, and SEBI compliance.
He previously served a 19-year tenure at GM Polyplast Limited from 2005 to 2024.
The company reported a significant revenue decline of approximately 54% in FY26 compared to FY25.
Market capitalization remains small at ₹38 Cr with a low P/E of 5.3.

💡 Investors should monitor upcoming quarterly filings to see if the new financial leadership can improve margins and reverse the revenue decline seen in FY26.

Evans Electric Sets Sept 23 for 75th AGM; Record Date Fixed for Sept 17, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 05 Aug 2026, 01:49 PM

Evans Electric has finalized the schedule for its 75th Annual General Meeting (AGM), to be held on September 23, 2026. The board has set September 17, 2026, as the record date for the meeting and recommended the regularization of Ms. Jeanne Marie Desouza as a Non-Executive Director. This administrative update follows a difficult FY26 where the company swung to a net loss of ‹0.43 crore compared to a ‹7.57 crore profit in FY25.

75th Annual General Meeting (AGM) scheduled for September 23, 2026
Record date for AGM eligibility fixed as September 17, 2026
Book closure period set from September 18 to September 23, 2026
Board recommended regularization of Ms. Jeanne Marie Desouza as a Non-Executive Director
Secretarial Audit Report and Directors' Report for FY26 taken on record

💡 Investors should review the upcoming Annual Report for management's explanation regarding the 54% revenue decline in FY26 and the shift from profit to loss.

Evans Electric Board Meeting on Aug 05, 2026, to Finalize 75th AGM and FY26 Reports

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 29 Jul 2026, 04:18 PM

Evans Electric Ltd has scheduled a board meeting for August 05, 2026, to finalize administrative requirements for its 75th Annual General Meeting (AGM). The board will review the Secretarial Audit Report and the Director's Report for the financial year 2025-26. This follows a difficult fiscal year where revenue fell to ₹11.69 Cr from ₹25.48 Cr in FY25, leading to a net loss of ₹0.43 Cr. Investors should monitor the upcoming AGM notice for management's outlook on reversing the recent downward trend in performance.

Board meeting scheduled for August 05, 2026, to approve FY 2025-26 reports
Company to finalize the date, time, and venue for its 75th Annual General Meeting (AGM)
Secretarial Audit Report for FY 2025-26 to be taken on record
Director's Report and related annexures for FY 2025-26 to be approved
Market cap stands at ₹37 Cr with a significant 12-month price decline of 60.8%

💡 Review the upcoming Director's Report and AGM notice for management's explanation regarding the sharp revenue drop from ₹25.48 Cr in FY25 to ₹11.69 Cr in FY26.

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