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Awaiting price reaction for this filing.
Evans Electric Ltd disclosed that promoter Ivor Anthony Desouza gifted 7,61,972 equity shares (about 13.88% of share capital) to Jeanne Marie Desouza (Promoter Group) through an off-market transaction on September 19, 2025. After the transfer, Ivor's holding drops from 50.33% (27,61,972 shares) to 36.44% (20,00,000 shares), while Jeanne's holding rises from 8 shares to 7,61,980 shares (13.88%). The total share capital remains unchanged at Rs. 5.48 crore (54,88,000 shares of Rs. 10 each). This is an internal family reshuffle within the promoter group, with Daniel Joseph Desouza, Jason Ian Desouza, and Clarence Stephen Dsa listed as persons acting in concert.
This is a transfer within the promoter family via gift, so the combined promoter group ownership remains broadly the same — no material impact on stock price or minority shareholders is expected.