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

Stovec Industries Limited has announced the summary and voting results of its 51st Annual General Meeting held through video conferencing. Key business decisions included adoption of the financial results for the quarter and half-year ended December 31, 2024, confirmation of an interim dividend of Rs. 115 per share as final dividend, re-appointment of Mr. Eiko Ris as Non-Executive Director, and appointment of M/s. Price Waterhouse Chartered Accountants LLP as Statutory Auditor for five years. Re-appointments and appointments of Independent Directors Mrs. Kiran Dhingra, Mr. Bhanu Bhai Patel, and Mr. Abhay Jadeja were approved. Remuneration of Cost Auditors for FY2025 and appointment of M/s. Sandip Sheth & Associates as Secretarial Auditor were ratified. Commission payment exceeding prescribed limits to Chairman Mr. K.M. Thanawalla was also approved. All resolutions were passed with overwhelming majority votes. Chairman Mr. Thanawalla announced his retirement and thanked stakeholders for their support.