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Evans Electric Ltd has responded to a query from BSE about why it delayed disclosing the retirement of its Chief Financial Officer. The company's HR department issued the retirement letter to the CFO on September 11, 2025, but only forwarded it to the secretarial team on September 15, 2025, and the disclosure was filed with the stock exchange the next day, September 16, 2025. The company explained that the HR team believed, under SEBI LODR rules, the disclosure was due within seven days from when the retirement took effect, leading to the inadvertent delay. The company clarified that the CFO retired due to age (normal retirement) and not for any adverse reason, and has sensitized internal departments to avoid any recurrence.
This is a minor compliance-related communication with no direct financial impact on shareholders. The delayed disclosure relates to a routine age-based retirement of a key managerial personnel, and the company's response seeks a lenient view from the exchange, which should not materially affect the stock price.