Proceedings of the AGM of the Company
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▲ 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 Mr. Shailesh Wani (Managing Director) as the regular Chairman Mr. Garrett Forde was absent. Eight resolutions were transacted including adoption of standalone audited financial statements for FY 2025, approval of Rs. 12/- per share dividend, appointment/re-appointment of directors including Mr. Arnout Otma, payment of commission to Independent Directors, ratification of Cost Auditor remuneration for FY 2026, and approval for acquisition of Intellectual Properties and material related party transactions with holding company SPGPrints B.V. (which holds 71.06% stake). The Statutory Auditors' Report was clean with no qualifications. Voting was conducted electronically through e-voting facility.
Shareholders approved dividend of Rs. 12/- per share indicating positive cash flow. The approval of IPR acquisition and related party transactions with the Dutch holding company suggests continued integration with SPGPrints B.V. All resolutions appear to have been passed with holding company support.