The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jeanne Marie Desouza & PACs
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Jeanne Marie Desouza, part of the Promoter Group of Evans Electric Ltd, along with Persons Acting in Concert (Daniel Joseph Desouza, Jason Ian Desouza, and Clarence Stephen Dsa), has disclosed the acquisition of 7,61,972 equity shares of the company through an off-market transaction by way of Gift on September 19, 2025. This acquisition represents 13.88% of the total equity share capital of the company. Prior to this acquisition, the acquirer held just 8 shares (0.0001%), and post-acquisition her holding stands at 7,61,980 shares (13.88%). The equity share capital of the company remains Rs. 5,48,80,000 divided into 54,88,000 equity shares of Rs. 10 each.
The Promoter Group's stake has increased significantly via an off-market gift, which is generally a non-cash, internal family restructuring. While no money has changed hands in the market, the higher promoter holding reinforces promoter control and signals long-term commitment. For retail investors, this is a neutral-to-positive governance signal, as the promoter group now holds a more meaningful 13.88% stake in the company.