Outcome of Board meeting

Revenue declinedEBITDA margin compressionResults View source PDF Explain this filing

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.8%Reaction day

₹2086.20

prior close

₹2050.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.6%-2.4% vs market

Industrial Products peers, median of 116sector-0.1%-1.7% vs sector

On the reaction day the stock moved 2.4 pts less than Nifty Microcap 250 and 1.7 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

+6.8

15m

+4.8

30m

+1.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.8+0.6-2.4-0.1-1.7

Next day

-1.9-0.2-1.7-1.7-0.2

-1.9-0.4-1.5-1.2-0.7

-2.5-0.7-1.7-2.1-0.4

-3.7-2.2-1.4-3.5-0.1

-4.6-2.8-1.8-4.5-0.1

-2.9-1.4-1.5-3.8+0.8

15d

-4.1-7.0+2.9-8.5+4.4

-1.5-6.1+4.6-7.1+5.5

-5.1-9.2+4.1-13.9+8.7

-8.2-6.8-1.4-15.6+7.4

UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 116Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Stovec Industries, a subsidiary of Netherlands-based SPGPrints B.V., reported weak Q2 FY26 results with revenue from operations falling to ₹406.62M from ₹573.69M a year ago (about 29% drop). Profit after tax for the quarter nearly halved to ₹11.97M versus ₹30.89M in Q2 FY25. For the nine months ended September 2025, revenue declined to ₹1,466.92M (from ₹1,785.49M) and PAT dropped sharply to ₹67.34M (from ₹114.30M), a roughly 41% fall. The Textile Machinery & Consumables segment, the company's mainstay, was the main drag with segment revenue at ₹1,398.52M versus ₹1,692.77M. Statutory auditor Price Waterhouse issued an unmodified limited review report. Separately, the Board appointed Mr. Gaurav Amrutiya (a Chartered Accountant with 19+ years of experience) as the new CFO with effect from November 14, 2025, replacing interim CFO Mr. Vipul Bhavsar who reverted to Sr. Manager–Finance. Non-executive director Mr. Eiko Ris also resigned from the Board the same day.

Likely market impact

Sharp YoY decline in both revenue and profit, with margins under pressure, is negative for near-term sentiment; however, the change brings in a seasoned full-time CFO, which investors may view positively for governance and execution going forward. Watch the Textile Machinery segment closely as it drives nearly all of the business.