Intimation of Appointment of Director
Price
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Awaiting price reaction for this filing.
Stovec Industries Ltd has appointed Mr. Arnout Otma (DIN: 11521057) as an Additional Director in the Non-Executive Non-Independent category, effective 10th February 2026, via a circular resolution of the Board. The appointment is subject to shareholder approval. Mr. Arnout currently serves as Chief Financial Officer of SPGPrints B.V., the Netherlands-based holding company of Stovec Industries. He holds an Executive Master in Finance & Control from Nyenrode Business Universiteit and brings about two decades of experience in financial management, organizational restructuring, and governance oversight. He has no inter-se relationship with any existing director and is not debarred by SEBI from holding a directors seat.
This is a routine board-level appointment of a representative from the parent company (SPGPrints B.V.) and is unlikely to materially affect the stock price. It strengthens financial and governance oversight at the board level, given the appointee's CFO background.