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Evans Electric Ltd has informed the stock exchanges that Mr. Anil Gulwani, the company's Chief Financial Officer and Key Managerial Personnel, has retired from his position effective close of business hours on September 11, 2025. The retirement was carried out under the company's Retirement Policy approved by the Board on August 26, 2025, and is part of an ongoing restructuring exercise at the firm. The company has expressed appreciation for Mr. Gulwani's services and stated that it is in the process of identifying and appointing a suitable replacement for the CFO & KMP role. A new appointment will be communicated to the exchanges once finalised.
The departure of a key finance leader may create short-term uncertainty around financial reporting and continuity, but the company has stated it is actively searching for a replacement. Retail investors should watch for the announcement of a new CFO, as the appointee's profile and timing could influence confidence in the company's financial oversight and restructuring progress.