Stovec Industries Ltd — Others, 05-05-2025: AGM/EGM

Stovec Industries Ltd. has announced a board meeting to consider the financial results for the quarter and half-year. The company conducted its 51st Annual General Meeting (AGM) through video conferencing, approving key agenda items including adoption of audited financial statements, confirmation of an interim dividend of Rs. 115 per share as final dividend, re-appointment and appointment of directors including three independent directors, appointment of Price Waterhouse Chartered Accountants LLP as Statutory Auditor for five years, ratification of Cost Auditor remuneration for FY2025, and appointment of Sandip Sheth & Associates as Secretarial Auditor. The Chairman, Mr. K.M. Thanawalla, announced his retirement from the Board, expressing gratitude to stakeholders. All resolutions were passed with overwhelming majority through e-voting.