Stovec Industries Ltd — Updates, 05-05-2025: Company Update

Stovec Industries Ltd. has announced the outcome of its 51st AGM where members approved the financial results for the year ended December 31, 2024, along with the payment of a final dividend of Rs. 115 per share. Key board changes include the re-appointment of Mrs. Kiran Dhingra as an Independent Director for a second term and appointment of Mr. Bhanu Bhai Patel and Mr. Abhay Jadeja as Independent Directors for three-year terms. Price Waterhouse Chartered Accountants LLP has been appointed as the new statutory auditor for five years, and M/s Sandip Sheth & Associates will serve as Secretarial Auditor for five years. Additional approvals cover commission payments and re-appointment of a Non-Executive Director.