Stovec Industries Limited announced its audited financial results for the year ended December 31, 2025, following the Board of Directors meeting held on February 23, 2026. The company reported mixed financial performance with revenue decline but maintained profitability and recommended a substantial dividend for shareholders.

Board Meeting Outcomes

The Board of Directors approved several key decisions during their meeting held from 5:00 p.m. to 6:50 p.m. on February 23, 2026:

Financial Performance Overview

The company's audited financial results for FY25 showed revenue contraction but sustained profitability:

Segment-wise Performance Analysis

The company operates through two primary business segments:

The Textile Machinery and Consumables segment includes perforated rotary screens, lacquer & auxiliary chemicals, digital ink, rotary screen printing machines, engraving equipment, components and spares. The Graphics Consumables segment comprises anilox rollers, rotamesh screens and rotaplate products.

Balance Sheet Position

The company maintained a strong financial position as of December 31, 2025:

Labour Code Impact and Regulatory Compliance

The company addressed the impact of new Labour Codes effective from November 21, 2025, recognizing a provision of ₹18.09 million towards past service cost on gratuity payable to employees. The audited financial results received an unmodified opinion from Price Waterhouse Chartered Accountants LLP, confirming compliance with applicable accounting standards and regulatory requirements.

Cash Flow Analysis

The cash flow statement revealed net cash used in operating activities of ₹19.29 million for FY25, compared to net cash generated of ₹161.86 million in FY24, primarily due to increased inventory levels and working capital requirements.

Stovec Industries Ltd. has announced the appointment of Mr. Arnout Otma as an Additional Director, marking a significant addition to its board leadership. The appointment was approved by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee through a circular resolution, effective from February 10th, 2026.

Board Appointment Details

The company has appointed Mr. Arnout Otma (DIN: 11521057) as an Additional Director in the category of Non-Executive Non-Independent Director. This appointment is subject to approval from the company's shareholders and has been made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Professional Background and Qualifications

Mr. Otma brings substantial expertise to the board with his extensive educational and professional background. He holds an Executive Master of Finance & Control from Nyenrode Business Universiteit, Breukelen, along with Bachelor and Master's degrees in international business from Tilburg University, the Netherlands.

Key Experience Areas

Mr. Otma's professional experience spans around two decades and includes:

• Financial management
• Organizational and financial restructuring
• Organizational transformations and reorganizations
• Business optimization

Current Role and Strategic Value

Currently serving as the Chief Financial Officer of SPGPrints B.V., which is the holding company of Stovec Industries, Mr. Otma is well-positioned to contribute to the company's strategic direction. His role brings strong financial, strategic, and governance oversight capabilities to the Board.

Regulatory Compliance and Disclosures

The company has confirmed that Mr. Otma meets all regulatory requirements for the directorship position. As per the formal disclosure made to BSE Limited under Regulation 30 of SEBI Listing Regulations, he is not debarred from holding office of a director by virtue of any SEBI order or any other authority as required under relevant circulars.

This appointment reflects Stovec Industries' commitment to strengthening its board composition with experienced professionals who can contribute to the company's growth and governance framework. The formal intimation has been submitted to the Corporate Relations Department of BSE Limited as per regulatory requirements.