Stovec Industries Ltd

Resigning Director Details

• Garrett Forde resigns as Non-Executive Non-Independent Director of Stovec Industries Ltd.
• Effective date: close of business on 24 August 2026.
• Reason: cessation as Chief Executive Officer of SPGPrints B.V., the holding company.
• No other material reasons for resignation disclosed.
• Other listed entities where he holds directorships or committee roles are not disclosed.
• No regulatory or shareholder approvals required mentioned.
• No immediate changes to board or committee composition disclosed.

Board approvals & director appointment

• Board approved unaudited quarterly and six-month results for June 30, 2026.
• Appointment of Mr. Marcos Marti Erfurt as Additional Non-Executive Director, subject to shareholder approval.
• Shareholder approval to be sought within three months; rotating as per Companies Act 2013.

Audit status

• PwC has reviewed the unaudited results; no material misstatement found.
• Review conducted under SRE 2410; report dated Aug 12, 2026.
• Unaudited results and limited review disclosure enclosed; available on company website.

Regulatory window & disclosures

• Trading window closed for specified persons; reopens August 15, 2026.
• Unaudited results will be available on the company's website and BSE portal.

Labour Codes note

• Labour Codes consolidated; four codes effective Nov 21, 2025; rules pending.
• Management does not expect significant financial impact from Labour Code changes.

Results publication

• Unaudited quarterly and six-month results published on company's website and BSE portal.

Encumbrance on promoter shares

• Creation of encumbrance under SHA dated 26 February 2025.
• Encumbered shares: 14,83,777 (71.06% of promoter holdings).
• In favour of Magenta Holding B.V. (lenders via SHA).
• Promoters involved: Print I B.V. and Print Holdings B.V.
• Encumbrance type: rights under SHA, including drag-along and transfer restrictions.
• Post-event promoter holding encumbered: 71.06%.
• Total promoter shareholding: 71.06%.

Meeting details

• Issuer: Stovec Industries Ltd; Scrip 504959; Category: Board Meeting.

Resigning director

• Arnout Otma, Non-Executive Non-Independent Director, resigns from Stovec Industries Limited.
• Effective date: close of business on July 17, 2026.
• Reason: cessation as Chief Financial Officer of SPGPrints B.V., pursuing opportunities outside the organization.
• No explicit confirmation of any other material reasons for resignation.
• Resigned from all board committees of which he was a member.
• Other listed entities where he holds directorships/committee roles: not disclosed.
• Regulatory or shareholder approval: not stated in the filing.
• Consequence: resignation causes vacancy on board and committee memberships.

Dematerialisation/Rematerialisation status

• Dematerialisation requests from DPs for quarter ended 30 June 2026 were confirmed to depositories and listed on exchanges.
• Dematerialisation certificates were mutilated and cancelled after verification, with depository's name substituted as registered owner.
• Registrations updated within prescribed timelines in the register of members.

Resignation of Senior Management

• Sandesh Kale, General Manager - Quality & Engineering, resigns effective 30 June 2026.
• Reason: personal and professional goals cited in the resignation letter.
• Transition plan to ensure smooth handover to leadership.