Stovec Industries Ltd — Important, 28-02-2026: Company Update

Stovec Industries has filed its Annual Secretarial Compliance Report for the year ended December 31, 2025, indicating general adherence to governance standards. However, the company noted that a related party transaction for product sales to a fellow subsidiary exceeded the Audit Committee's pre-approved omnibus limit of Rs. 1.00 Crore in the last quarter. While prior approval was not obtained for the excess amount due to unexpected demand, the transaction was later ratified by the Audit Committee as an arm's length deal in the company's interest.