Announced Mon, 19 Jan · 18:57 IST

As attached.

Management Changes View source PDF Explain this filing

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Price reaction · full curve 14 horizons · vs prior close

-4.3%1-day move

₹117.00

prior close

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base price

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5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————-4.3-1.7+0.8+0.9+10.3+15.4-7.7-9.6-39.4-14.5

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AI summary

Evans Electric Ltd has appointed Mr. Bhagirath Kulkarni as the new Factory Manager with effect from January 19, 2026, approved via circular resolution by the Board of Directors. Mr. Kulkarni brings over 30 years of operations experience across companies like Purem Eberspaecher, Tata Ficosa, Tata Toyo Radiator, and Yash Lasertek. Simultaneously, Mr. Rajkumar Mohan Keswani has ceased to be the Factory Manager with effect from January 18, 2026. The disclosure is filed under Regulation 30 of SEBI LODR with brief profiles attached in Annexure B.

Likely market impact

This is a routine operational-level management change at a small-cap company, unlikely to materially affect stock price or shareholder value. Shareholders may note the new appointee's strong manufacturing operations background, which could bring operational improvements.