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.

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.