The company has incorporated a correction in the notice convening the 75th AGM with respect to cut off date for entitlement to vote at the said AGM to 17th September 2026 instead of 25th ....

LIMITED Heavy Electro-Mechanical Repairs Office: 501/B - Wing, Raj Residency, Gujar Lane, Off S. V. Road, Santa Cruz (West), Mumbai 400054 Email: evanselectric.mumbai@gmail.com Web: www.evanselectric.co.in GST:27AAACE2502Q1ZM PAN:AAACE2502Q Date: September 03, 2026 The Manager BSE Limited, P J Towers, Dalal Street, Fort, Mumbai – 400 001 REF: COMPANY CODE NO. 542668. ISIN: INE06TD01010 Subject: Intimation under Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Correction in Notice of 75TH AGM. Dear Sir/Madam, In continuation of our intimation filed on Stock Exchange on August 27, 2026, please note that inadvertently, in the Notice of AGM filed by the Company at one place in the Notes under point No. 13 (i), the cut-off date for entitlement to vote on the Resolutions set forth in the Notice was mentioned as Thursday, September 25, 2025 instead of Thursday, September 17, 2026. Please note that, the Cut-off date for entitlement to vote by the members on the Resolutions set forth in the 75th Notice of AGM is Thursday, September 17, 2026. The AGM Notice, after incorporating the aforesaid correction shall be available on the website of the Company at https://evanselectric.co.in/notice.php. Request you to take the above on your records. Thanking you, Yours faithfully, For Evans Electric Limited, Ivor Anthony Desouza Director DIN: 00978987 Works: Plot No. 22, Genesis Industrial Complex, Off Palghar Boisar Road, Palghar – 401 404, Dist. Palghar (W.R.) Phone: 9665053663 / 9209066038. Email: works@evanselectric.co.in CIN: L74999MH1951PLC008715 Chairman’s Message Dear Shareholders, Against a backdrop of dynamic global shifts, the financial year 2025–26 tested the resilience of economies worldwide. The global economic landscape maintained a steady course despite persistent challenges, with broader growth remaining resilient. However, the global geopolitical situation remained complex, marked by trade policy uncertainties and regional tensions—such as the Middle East conflict— which exerted pressure on global energy and commodity markets. Despite these global headwinds, the gradual easing of inflation and the promise of new technological efficiencies provided a stabilizing force. Amidst this global caution, the Indian economic scenario has emerged as a beacon of stability and robust expansion. Retaining its position as the fastest-growing major economy, India's GDP growth for FY 2025–26 stood strong, estimated between 6.5% and 6.8%. This momentum—which pushed the nation's nominal GDP to $3.92 trillion and solidified its rank as the world's sixth-largest economy—was driven by resilient domestic consumption, sustained government capital expenditure, and a thriving manufacturing sector. It is within this broader context of global challenges and vibrant domestic opportunity that it is my privilege to present to you the Annual Report for the financial year 2025–26. The year under review was one of significant transition and course correction for your Company. At the very start of the year, we undertook a major change in management to address unsustainable legacy policies and to realign the business on a path of long-term sustainability and profitable growth. While this inevitably impacted short-term performance, it has laid the foundation for a stronger future. During this pivotal year, we focused on strengthening the foundational pillars of Evans Electric • Process Standardisation: Institutionalising robust systems, controls, and streamlined workflows to ensure consistency and efficiency across operations. • Environment Protection Initiatives: Introducing energy-efficient practices, reducing waste, and establishing Environment Management System (ISO 14001:2026) to align with global sustainability goals. • Ethical Work Practices: Reinforcing a culture of transparency, fairness, and integrity in all dealings with stakeholders. • Strengthening Our Team: Building capabilities through training, leadership development, and fostering collaboration across functions. • Upgradation of Manufacturing Facilities: Investing in modern equipment and technology to enhance productivity and quality standards. • Safety Culture: Embedding safety as a non-negotiable value, with continuous improvements in workplace safety systems and employee awareness. In addition, your Company has diversified its portfolio by venturing into two promising new verticals: • Renewable Power Generation • Specialised Component Manufacturing for Exports We have already executed export orders and built a healthy pipeline of enquiries, giving us confidence in sustained growth. The most challenging phase of this transformation is now behind us. Evans Electric today is more agile, better governed, and well-positioned to capitalise on emerging opportunities. Looking ahead, we are committed to driving profitable growth while upholding our responsibility to society and the environment. With a strengthened management team, upgraded facilities, and a culture rooted in ethics and safety, we are confident of creating long-term value for all stakeholders. I take this opportunity to express my sincere gratitude to our shareholders, customers, employees, bankers, suppliers, and partners for their trust and support during this transformative journey. Together, we will embark on the next phase of growth with renewed energy and optimism. With warm regards, Ivor Desouza Chairman CONTENTS Corporate Information ............................................................................................................. 2-3 Notice convening the 75th AGM ............................................................................................ 4-16 Director’s Report and Annexures .........................................................................................17-41 Auditor’s Report on Financial Statements ............................................................................42-70 Balance Sheet .......................................................................................................................... 54 Statement of Profit and Loss ..................................................................................................... 55 Cash Flow Statement ................................................................................................................ 56 Notes on Financial Statements ............................................................................................57-70 Annual Report 2025-26 1 EVANS ELECTRIC LIMITED CORPORATE INFORMATION BOARD OF DIRECTORS: Mr. Ivor Anthony Desouza Chairman and Executive Director Mr. Lancelot Gerard Dcunha Independent Director Mr. Kalyan Vijay Sivalenka Non-Independent Non-Executive Director Ms. Olga Noela Lume Pereira Independent Director Ms. Jeanne Marie Desouza Additional Non-Independent Non-Executive Director (Appointed with effect from June 01, 2026) KEY MANAGERIAL PERSONAL: Mr. Rajesh Dattatray Dhekane Chief Executive Officer Mr. Sunil B. Jadhav Chief Financial Officer (Appointed with effect from August 05, 2026) Ms. Simpi Sahani Company Secretary & Compliance Officer STATUTORY AUDITOR: M/s R.S. Prabhu & Associates Chartered Accountants A-2/302, Laram Centre, Op Rly Station, S.V Road, Andheri (W), Mumbai - 400058. Annual Report 2025-26 2 SECRETARIAL AUDITOR: A. Sekar (Sekar Ananthanarayan) Practicing Company Secretary B 305, Sai Jyote, Lalubhai Park West, Vile Parle West, Mumbai 400056. BANKERS: ICICI Bank Limited Union Bank of India REGISTERED OFFICE: 501/B - Wing, Raj Residency, Gujar Lane, Off S. V. Road, Santa Cruz (West), Mumbai 400054 Tel No. 8422846852 and 8928511292 Email: evanselectric.mumbai@gmail.com REGISTRAR AND TRANSFER AGENTS Bigshare Services Private Limited Pinnacle Business Park, Office No S6-2, 6th, Mahakali Caves Road, Next to Ahura Centre, Andheri East, Mumbai, 400093. Tel: +91 22 62638261, Fax: +91 22 62638299 Email: ipo@bigshareonline.com Website: www.bi [Showing first 8,000 characters — download PDF for full document]