Stovec Industries Ltd

Purpose

• Approve two director appointments via ordinary resolutions.

Resolutions

• Ordinary resolution to appoint Marcos Marti Erfurt as Non-Executive Non-Independent Director.
• Ordinary resolution to appoint Theodorus Kortekaas as Non-Executive Non-Independent Director.

Outcomes

• Results not yet announced; e-voting runs Oct 1–30, 2026; results later.

Material impact

• Adds two non-executive directors; no share capital changes.

Director details

• Marcos Erfurt: CEO of SPGPrints B.V.; Aug 12, 2026 appointment; non-exec non-independent; retires by rotation.
• Theodorus Kortekaas: CFO of SPGPrints B.V.; Sep 25, 2026 appointment; non-exec non-independent; retires by rotation.

Related party context

• Appointments nominated by SPGPrints B.V.; no related-party voting abstentions noted.

Stovec Industries Ltd — Closure of Trading Window

Director appointment

• Board approves appointment of Theodorus Dominicus Bartholomeus Maria Kortekaas as Additional Director.
• Effective date: 25 September 2026; subject to shareholder approval within 3 months.
• Term: per Companies Act 2013; liable to retire by rotation.
• Profile: CFO and Director at SPGPrints B.V., Netherlands; 16+ years with SPGPrints Group.
• Disclosure: no inter-se relationship with other directors.
• Not debarred from holding office by SEBI or any authority.

Encumbrance on promoter shares

• Target company: Stovec Industries Limited.
• Type: Creation of encumbrance under SHA with transfer restrictions.
• Promoter shares encumbered: 14,83,777 shares (71.06% of total share capital).
• Promoter group: Print I B.V. (Print I) and SPG Prints B.V.; PHBV promoter.
• Encumbrance in favour of: Magenta Holding B.V.
• Reason: SHA-linked debt restructuring; transfer restrictions (drag-along/tag-along).
• Amount/facility size: not disclosed.
• Impact: encumbrance covers 71.06% of promoter holding.
• End use of funds: not specified.
• Governance: Magenta Holding may take full control of Print I under SHA.

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.