The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jeanne Marie Desouza
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On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 1.6 pts less than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter Jeanne Marie Desouza has disposed of 7,61,972 equity shares (13.88%) of Evans Electric Ltd through an off-market transaction by way of gift on September 19, 2025. Her holding has decreased from 27,61,972 shares (50.33%) to 20,00,000 shares (36.44%) post-transaction. The disclosure was filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011, with PACs listed as Daniel Joseph Desouza, Jason Ian Desouza, and Clarence Stephen Dsa. Since this is an inter-family gift transaction, no cash was exchanged for the shares.
The promoter's individual holding has fallen below the 50% majority threshold, dropping from 50.33% to 36.44%. However, as this is an intra-family gift (off-market), it is unlikely to materially affect the stock price, though it changes the promoter's voting power in the company.