BSEEvans Electric LtdHighNegative
Announced Thu, 30 Oct · 18:37 IST

As attached

Kmp ResignedManagement Changes View source PDFExplain this filing

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Price reaction · full curve 14 horizons · vs prior close
+2.5%1-day move
₹162.00
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AI summary

Mr. Wilson DeSouza (DIN: 01605439) has resigned from the position of Whole Time Director of Evans Electric Ltd, effective close of business on October 31, 2025. He cited 'to pursue other opportunities' as the reason for his resignation. The company has confirmed there are no other material reasons behind his departure beyond what is mentioned in his resignation letter. The intimation has been filed with BSE under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements. The letter was signed off by Director Ivor Anthony Desouza (DIN: 00978987).

Likely market impact

A Whole Time Director is a Key Managerial Personnel, so this is a notable leadership change. For a small-cap company like Evans Electric, the departure could create short-term uncertainty around continuity of operations, though the stated reason is personal career growth rather than any governance or performance concern.