In continuation of our intimation dated February 28, 2025, Attached herewith revised intimation for your perusal.
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Evans Electric Ltd has submitted a revised intimation to BSE regarding the resignation of Mr. Nelson Lionel Fernandes (DIN: 00985281) as Managing Director of the company. The resignation is due to attainment of retirement age and is effective from April 02, 2025. This is a correction to an earlier intimation dated February 28, 2025. In his resignation letter, Mr. Fernandes mentions completing 51 years of dedicated service to the company. He has requested processing of retirement dues, release of his personal guarantee from the bank, and an indemnity from the company. The revised filing includes Annexure-A with standard SEBI disclosure details.
The Managing Director, who served the company for 51 years, has stepped down due to retirement. Shareholders should watch for succession planning announcements, as the company now needs a new Managing Director. The existing board, currently represented by Director Ivor Anthony Desouza, will need to fill this leadership gap.