In a significant leadership development, Evans Electric Limited has appointed Mr. Rajesh Dattatray Dhekane as its new Chief Executive Officer (CEO), effective June 27, 2025. The announcement was made through a formal disclosure submitted to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, marking a strategic move in the company’s ongoing efforts to bolster executive management.

The appointment was confirmed at the Board of Directors meeting held on June 27, 2025, and the required disclosure, including Annexure-A as mandated under the SEBI circular dated July 13, 2023 (SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123), has been submitted for public record. The company has also affirmed that Mr. Dhekane is not related to any of the directors on the board.

A Veteran Leader Takes the Helm

With over 30 years of rich and diverse experience, Mr. Rajesh Dhekane is widely recognized for his exceptional leadership in steering multinational operations across automotive, manufacturing, and industrial segments. He is especially known for transforming underperforming business units into profitable and scalable ventures, most notably as Managing Director at Williams Controls India Pvt. Ltd., a Curtiss-Wright Corporation subsidiary, from 2015 to 2024.

Mr. Dhekane led the transformation of Williams Controls from a $2 million loss-making entity into a $19 million profitable business, implementing operational restructuring, cost optimization, and strategic localization of global supply chains.

His earlier professional stints include senior leadership roles at:

• TATA AutoComp Systems Ltd.

• Haworth India Pvt. Ltd.

• Armacell India Pvt. Ltd.

• Sandvik Asia Ltd.

• TATA Motors and Mahindra & Mahindra (as a trainee)

A Glimpse into His Strategy and Vision

Mr. Dhekane’s approach is anchored in lean manufacturing, team building, and turnaround strategy execution. His tenure at Williams Controls was defined by key milestones including:

• Successful P&L turnaround within a year

• 900% revenue growth over 9 years

• Implementation of ERP systems for operational excellence

• Strategic supply chain transformation from overseas to domestic sourcing

• Collaborative customer engagement through cost-sensitive product innovations

• Workforce management with transparent quarterly performance assessments

His achievements during challenging business periods—such as the COVID-19 pandemic and semiconductor crisis—further reflect his resilience and tactical business acumen.

Educational Background and Certifications

Mr. Dhekane holds a Bachelor’s degree in Mechanical Engineering from MIT Pune, along with an MBA in Marketing Management from PUMBA (Department of Management Sciences), University of Pune. Additionally, he holds a diploma (LME) from VJTI Mumbai.

His certifications include:

• Certified Internal Auditor for ISO 9001, ISO 14001, and IATF 16949

• Training in Lean Manufacturing, Business Communication (IIM Ahmedabad)

• Tata Business Excellence Model (TBEM) assessor certification

A Role That Demands Transformation

The appointment of Mr. Dhekane as CEO reflects Evans Electric Limited's intention to aggressively realign and scale operations, while embracing global business standards and next-generation technology in heavy electro-mechanical repair services.

The company operates from Mumbai (Head Office) and Palghar (Works) and is listed on BSE (Code: 542668). It continues to deliver specialized services in repair and re-engineering of rotating electrical machines, catering to core sectors like railways, power, steel, and infrastructure.

Director’s Statement on Appointment

Mr. Ivor Anthony Desouza, Director, Evans Electric Limited, noted in the official filing:

“We are pleased to welcome Mr. Rajesh Dhekane into the Evans Electric leadership. His appointment marks a pivotal point in our journey as we align our legacy with future-forward strategies and operational excellence. His industry exposure and proven turnaround expertise will be instrumental in driving long-term growth.”

Outlook and Implications

The onboarding of a seasoned executive like Mr. Dhekane signals a strategic intent to scale Evans Electric’s capabilities in the competitive electrical repair and engineering domain. His robust experience across multi-plant operations, automotive component manufacturing, and global sourcing makes him an ideal choice to lead the company’s next phase of expansion, especially in an era where sustainability, operational optimization, and cost competitiveness are paramount.

Furthermore, this leadership move could also enhance investor confidence, as it reflects proactive succession planning and governance transparency in accordance with SEBI LODR norms.

Conclusion

Mr. Rajesh Dattatray Dhekane’s appointment as CEO of Evans Electric Limited represents not just a change in management but a renewed direction for the company toward scalable, efficient, and globally aligned growth. His extensive experience, coupled with a vision for innovation and cost-effectiveness, sets the tone for the company’s transformation in the electro-mechanical engineering sector.

Investors, stakeholders, and industry peers will be closely watching this transition as Evans Electric builds on its legacy with a modern, resilient leadership approach.

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