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

Stovec Industries Ltd. has announced the successful conclusion of its 51st Annual General Meeting held through video conferencing from its registered office. Key decisions included adoption of the financial results for the quarter and half-year, confirmation of an interim dividend of Rs. 115 per share as the final dividend for FY2024, and re-appointment of Mr. Eiko Ris as a Director. The company appointed Price Waterhouse Chartered Accountants LLP as its Statutory Auditor for a five-year term and re-appointed Mrs. Kiran Dhingra while appointing Mr. Bhanu Bhai Patel and Mr. Abhay Jadeja as Independent Directors. The remuneration of Cost Auditors for FY2025 was ratified, and M/s. Sandip Sheth & Associates were appointed as Secretarial Auditors. The Chairman, Mr. K.M. Thanawalla, announced his retirement while approving commission payments in excess of prescribed limits. All resolutions were passed with overwhelming shareholder support.