Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Stovec Industries Ltd held its 52nd AGM on May 7, 2026 via video conferencing. The meeting was chaired by Managing Director Mr. Shailesh Wani after the original Chairman Mr. Garrett Forde was unable to attend. The quorum was met with 38 members present, with holding company SPGPrints B.V. (Netherlands) holding 71.06% stake. Eight resolutions were passed including adoption of standalone audited financial statements for FY 2025, declaration of dividend of Rs. 12 per share, re-appointment of Mr. Garrett Forde, appointment of Mr. Arnout Otma as Director, payment of commission to Independent Directors, ratification of Cost Auditor remuneration, and approvals for IPR acquisition and material related party transactions with the holding company. The Statutory Auditors' Report was clean with no qualifications.
Shareholders approved a dividend of Rs. 12 per share, indicating stable cash flow generation. The clean audit report and passing of related party transaction approvals suggest normal business operations, though investors should monitor the material related party transactions with the Dutch holding company.