The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jeanne Marie Desouza
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Jeanne Marie Desouza, part of the promoter group, acquired 7,61,972 equity shares of Evans Electric Ltd (13.88% of diluted share capital) from Mr. Ivor Anthony Desouza on September 19, 2025, by way of a gift in the off-market segment. The transferor gave up 13.88% stake, moving from 50.33% to 36.44% individually, while the acquirer's holding rose from a negligible 8 shares to 13.88%. The transaction qualifies as an inter-se transfer among immediate relatives under Regulation 10(1)(a)(i) of SEBI SAST Regulations, 2011, and the aggregate promoter and promoter group holding before and after remains unchanged. No open offer is triggered, and no money changed hands since the price was nil (gift).
No impact on overall promoter shareholding or stock price expected, as this is a family-level reshuffle of shares within the promoter group. Shareholders should note that the individual transferor's stake has dropped below 50% individually, but the combined promoter group continues to hold the same aggregate stake in the company.