Promoter group entity Print Holdings B.V. has disclosed an encumbrance on the shares of Stovec Industries promoter Print I B.V. The disclosure, filed with BSE Limited on August 10, 2026, stems from a Shareholders’ and Subscription Agreement (SHA) dated February 26, 2025.

The encumbrance affects 71.06% of the total share capital of Stovec Industries, corresponding to 14,83,777 equity shares held indirectly through the promoter SPG Prints B.V. Print I B.V., the holding company of SPG Prints, is a subsidiary of Print Holdings B.V.

Encumbrance Details

The SHA was executed between Print I’s lenders, represented by Magenta Holding B.V., and its shareholders, including Print Holdings B.V. and SPG MIP Invest B.V. The agreement is part of corporate and debt restructuring arrangements within Print I.

Under the terms of a senior facilities agreement, lenders converted a portion of outstanding loans into 647,059,000 equity shares of Print I. These shares are now held through Magenta Holding B.V.

The SHA imposes specific rights and restrictions:

• Print Holdings B.V. has agreed to share transfer restrictions with Magenta Holding B.V. regarding its stake in Print I.
• A general restriction on the transfer of shares in Print I applies, subject to exceptions such as drag-along and tag-along rights.
• Magenta Holding B.V. holds the option to take full control of Print I, subject to compliance with applicable laws and SHA terms.

What the Numbers Show

The disclosure clarifies that the SHA does not create direct rights or encumbrances over the equity shares of Stovec Industries itself. Instead, the encumbrance is on the shares of Print I B.V., the intermediate holding company. This structure indicates that the promoter group’s ability to freely transfer its indirect stake in the listed entity is constrained by the debt restructuring outcomes at the parent level.

Magenta Holding B.V. is not a scheduled commercial bank, public financial institution, NBFC, or housing finance company. The encumbered shares represent more than 50% of the promoter’s shareholding and more than 20% of the total share capital of Stovec Industries.

Stovec Industries has accepted the resignation of Garrett Forde as a Non-Executive Director, effective from the close of business on August 24, 2026. The company disclosed the change in its intimation to the Bombay Stock Exchange under SEBI (LODR) Regulations, 2015.

Forde resigned from his position as a Non-Executive Non-Independent Director. In his resignation letter addressed to the Board of Directors, he cited his cessation as Chief Executive Officer of SPGPrints B.V., the holding company, as the primary reason for stepping down.

Regulatory Disclosure

The company filed the intimation pursuant to Regulation 30 read with clause 7, Para A of Part A of Schedule III of the SEBI (LODR) Regulations, 2015. Sanjeev Singh Sengar, Company Secretary, signed the disclosure on behalf of Stovec Industries Limited.

The filing confirms that Forde’s DIN is 09040078. The resignation was effective immediately at the closure of working hours on August 24, 2026. No new appointment details were provided in this specific disclosure.