Stovec Industries accepts resignation of director Arnout Otma

Stovec Industries Ltd has accepted the resignation of Arnout Otma as Non-Executive Non-Independent Director, effective from the close of business hours on July 17, 2026. The resignation follows Otma's cessation as Chief Financial Officer of SPGPrints B.V., the holding company, as he intends to pursue opportunities outside the organization. Consequently, he has also stepped down from all board committees of Stovec Industries with effect from the same date.

The intimation was made pursuant to Regulation 30 read with clause 7, Para A of Part A of Schedule III of SEBI (LODR) Regulations, 2015. The company confirmed that the reason for the resignation is self-explanatory as per the resignation letter submitted by the director.

Details of Resignation

The company disclosed the specific details regarding the change in directorship in a filing to the stock exchange.

Particulars	Details
Reason for change	Resignation of Mr. Arnout Rinze Otma, (Non- Executive Director) of the Company.
Date of Cessation	Close of business hours on 17 July, 2026
Brief Profile	Not Applicable
Disclosure of relationships	Not Applicable

The resignation was intimated to the Corporate Relations Department of BSE Limited on July 17, 2026. Sanjeev Singh Sengar, Company Secretary of Stovec Industries Limited, signed the disclosure on behalf of the company.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	-1.73%	+0.66%	-11.08%	-31.34%	-36.13%

Stovec Industries Ltd has accepted the resignation of Sandesh Kale, General Manager (Quality and Engineering), effective from the close of business hours on June 30, 2026. The company disclosed this change in senior management personnel to the stock exchanges in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015.

Sandesh Kale was classified as a senior management personnel of the company under Regulation 16(1)(d) of the SEBI Listing Regulations. The resignation was accepted following the submission of his formal letter, where he cited personal and professional goals as the reason for stepping down.

Resignation Details

The company provided the following specific details regarding the cessation of the senior management personnel's role:

Sr.	Particulars	Details
1	Reason for change	Resignation of Mr. Sandesh Kale, (GM-Quality & Engineering) Senior management personnel of the Company.
2	Date of Cessation	Close of business hours on 30 June, 2026
3	Brief Profile	Not Applicable
4	Disclosure of relationships between Directors	Not Applicable

In his resignation letter dated April 1, 2026, Kale had requested to be relieved on or before May 24, 2026. However, the company relieved him from his duties effective June 30, 2026, after office hours. The acceptance of the resignation was signed by Paulesh Shah, General Manager (HR & Admin).