Outcome of AGM
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 0.4 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Stovec Industries held its 51st AGM on May 5, 2025, where shareholders approved the audited financial statements for FY ended December 31, 2024. The Rs. 115/- per share interim dividend declared earlier was confirmed as the final dividend for FY2024. Price Waterhouse Chartered Accountants LLP (PwC) was appointed as statutory auditor for a 5-year term (51st to 56th AGM). Mrs. Kiran Dhingra was re-appointed as Independent Director for a second 5-year term from April 1, 2025, and two new Independent Directors — Mr. Bhanu Bhai Patel and Mr. Abhay Jadeja — were appointed for 3-year terms each. Mr. Eiko Ris was re-appointed as Non-Executive Non-Independent Director, and Sandip Sheth & Associates was named as Secretarial Auditor for 5 years (FY2025–FY2029).
Routine governance and AGM approvals with no surprises; the Rs. 115 final dividend signals strong shareholder returns, while the auditor and board changes are standard compliance items unlikely to move the stock price.