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Evans Electric Ltd has informed BSE about the resignation of its Chief Financial Officer and Key Managerial Personnel, Mr. Prathamesh Wadekar, effective February 28, 2026. Mr. Wadekar is stepping down to pursue further education under the Chartered Accountancy (CA) Final program. The company stated there are no other material reasons for his departure beyond what was mentioned. The board has recorded its appreciation for his services during his tenure. The company has not yet announced a replacement for the CFO position. The letter has been signed by Director Ivor Anthony Desouza (DIN: 00978987).
The CFO departure is for personal educational reasons rather than governance or performance concerns, which limits negative implications. However, the company has not yet announced a successor, which may create short-term uncertainty around financial reporting continuity and could be monitored by investors for timely appointment.