With reference to corporate announcement submitted on November 14, 2025 and e-mail received from BSE on November 17, 2025 seeking additional details on corporate announcement.
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Awaiting price reaction for this filing.
Mr. Eiko Ris has resigned from the Board of Stovec Industries Ltd effective November 14, 2025, citing superannuation from his employment at the parent company SPGPrints B.V. (Netherlands). He also stepped down from the Nomination and Remuneration Committee, CSR Committee, and Stakeholders Relationship Committee. The company filed the clarification with BSE on November 17 after BSE sought additional details on the original November 14 announcement. Stovec Industries is a subsidiary of SPGPrints B.V., and the resignation is a routine consequence of the director's retirement from the parent group.
This is a routine, expected resignation linked to retirement from the parent company rather than any governance issue, so it is unlikely to have any meaningful impact on the stock price or shareholder sentiment.