Stovec Industries Ltd has announced a significant strategic move with its Board of Directors approving the acquisition of intellectual properties from its holding company SPGPrints B.V. The board meeting, held on January 30, 2026, saw unanimous approval for this transaction that will enhance the company's manufacturing capabilities and intellectual property portfolio.

Acquisition Details

The intellectual property acquisition encompasses a comprehensive portfolio of assets critical to the company's manufacturing operations. The transaction includes:

Regulatory Compliance and Approvals

The transaction has been structured in compliance with regulatory requirements, given its nature as a material related party transaction. The company has secured necessary internal approvals through its governance framework:

• Audit Committee Approval: The transaction received approval from the Audit Committee
• Board Approval: The Board of Directors unanimously approved the acquisition
• Pending Shareholder Approval: The transaction remains subject to approval from company members

The company has voluntarily disclosed this information, emphasizing the significance of the transaction for its business operations. However, the management clarified that the transaction does not fall within the material event criteria under the company's Policy for Determining Material Information, as established pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Strategic Impact

Upon completion of this acquisition, Stovec Industries will become the owner of the intellectual property rights, strengthening its position in the rotary screen-printing machines and Nova screens manufacturing segment. The acquisition from SPGPrints B.V., the holding company, represents a strategic consolidation of intellectual assets within the group structure.

Meeting Details

The Board of Directors meeting commenced at 06:00 p.m. and concluded at 6:35 p.m. on January 30, 2026. The company secretary and compliance officer, Sanjeev Singh Sengar, communicated the outcome to BSE Limited, ensuring compliance with disclosure requirements.

Stovec Industries Limited has formally disclosed to BSE Limited that it does not qualify as a 'Large Corporate' under the Securities and Exchange Board of India (SEBI) operational framework for the financial year ended December 31, 2025. The disclosure, submitted on January 28, 2026, carries significant implications for the company's regulatory compliance requirements.

Regulatory Framework and Compliance

The disclosure references Chapter XII of SEBI Operational Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021, which governs the issue and listing of various debt instruments including Non-convertible Securities, Securitised Debt Instruments, Security Receipts, Municipal Debt Securities, and Commercial Paper. This framework, read in conjunction with BSE circulars dated April 11, 2019, and March 3, 2020, establishes specific requirements for fund raising through debt securities by Large Entities.

Compliance Implications

The non-Large Corporate classification exempts Stovec Industries Limited from several regulatory obligations. Specifically, the company is not required to file Initial and Annual Disclosures as mandated under the SEBI operational circular for the financial year 2025. This exemption reduces the administrative burden and compliance costs associated with Large Corporate status.

Corporate Authorization

The disclosure document bears the digital signatures of two key executives, ensuring proper corporate governance protocols. Chief Financial Officer Gaurav Amrutiya signed the document on January 28, 2026, at 19:17:10 +05'30', while Company Secretary and Compliance Officer Sanjeev Singh Sengar provided his digital signature on the same date at 18:25:21 +05'30'.

Company Information

Stovec Industries Limited operates from its registered office and factory located at N.I.D.C., Near Lambha Village, Post Narol, Ahmedabad - 382 405. The company, incorporated with CIN L45200GJ1973PLC050790, maintains its corporate communications through established channels and continues to fulfill its listing compliance obligations with BSE Limited.

This disclosure ensures transparency in the company's regulatory status and provides clarity to stakeholders regarding its compliance framework under current SEBI guidelines for debt securities and corporate classification requirements.