The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jeanne Marie Desouza & PACs
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Jeanne Marie Desouza, along with Persons Acting in Concert (Daniel Joseph Desouza, Jason Ian Desouza, and Clarence Stephen Dsa), acquired 7,61,972 equity shares of Evans Electric Ltd, representing 13.88% of the company's share capital. The shares were received through an off-market transaction by way of Gift on September 19, 2025. Before the acquisition, the acquirer's holding was just 8 shares (0.0001%), which has now increased to 20,00,008 shares (13.88%) of the company. The total equity share capital of the company remains Rs. 5,48,80,000 (54,88,000 shares of Rs. 10 each). The acquirer belongs to the Promoter/Promoter Group category.
This is a positive signal for shareholders as the Promoter Group's stake in the company has materially increased from near-zero to nearly 14%, indicating stronger promoter commitment and confidence in the company. A gift-based off-market transfer within the promoter group typically restructures holdings without changing total promoter ownership, so impact on stock price is likely minimal but sentiment may be mildly positive.