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Awaiting price reaction for this filing.
Evans Electric Ltd's Board of Directors met on October 30, 2025, and approved three key changes to its leadership team. Mr. Anil Gulwani retired as Chief Financial Officer of the company. The Board noted the end of Mr. Christopher Joseph Rodricks' term as Independent Director and decided not to extend his tenure. Additionally, Mr. Wilson DeSouza resigned as Whole Time Director effective October 31, 2025. The meeting ran from 4:45 PM to 6:10 PM. The filing has been signed by Director Ivor Anthony Desouza.
Three senior positions – CFO, Independent Director, and Whole Time Director – are seeing simultaneous exits in a single board meeting, which may raise concerns about leadership stability and continuity for retail investors.