Stovec Industries Limited , a prominent player in the industrial printing sector, has announced a significant change in its board composition. Eiko Ris, who served as a Non-Executive Non-Independent Director, has tendered his resignation from the company's board, effective November 14, 2025.

Resignation Details

The resignation of Eiko Ris comes as a result of his superannuation from employment at SPG Prints B.V., the parent company of Stovec Industries. This move has led to a cascade of changes in the company's leadership structure, as Ris also relinquished his positions on several key committees.

Committee Positions Affected

Eiko Ris's departure impacts multiple facets of Stovec Industries' governance structure. The positions he has stepped down from include:

• Member of the Nomination and Remuneration Committee
• Member of the Corporate Social Responsibility Committee
• Member of the Stakeholders Relationship Committee

Resignation Timeline and Process

The company has provided a detailed account of the resignation process:

In his resignation letter, Ris expressed gratitude for the opportunity to serve on the Board and various committees, acknowledging his contribution to the organization's growth and success.

Company Response

Stovec Industries has acknowledged Ris's resignation and his contributions during his tenure. The company is expected to initiate the process of filling the vacancies created by his departure, ensuring continuity in its governance structure.

This development marks a significant transition for Stovec Industries, potentially paving the way for new perspectives and leadership within its board and committee structures. Stakeholders will be keen to observe how the company navigates this change and any subsequent appointments to these crucial positions.

Stovec Industries Limited , a leading player in the textile machinery and graphics consumables sector, has released its financial results for the fourth quarter of the fiscal year 2025, revealing a challenging period for the company.

Revenue Contraction

For Q4 2025, Stovec Industries reported a revenue of ₹490.56 crore, marking a significant decline from ₹599.57 crore in the same quarter of the previous year. This represents an 18.2% year-over-year decrease in top-line performance.

Profitability Under Pressure

The company's profitability metrics showed a notable downturn:

The EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a substantial decrease to ₹38.00 crore in Q4 2025, down from ₹69.00 crore in the corresponding quarter of the previous year. This resulted in an EBITDA margin contraction of 371 basis points, falling to 7.74% from 11.45% year-over-year.

Net profit for the quarter stood at ₹26.00 crore, showing a significant decline of 45.8% compared to ₹48.00 crore in Q4 2024. The company also reported a sequential increase in net profit from ₹15.00 crore in the previous quarter.

Segment Performance

Stovec Industries operates in two primary segments:

1. Textile Machinery and Consumables: This segment, which includes perforated rotary screens, lacquer & auxiliary chemicals, digital ink, rotary screen printing machines, and related components, generated revenue of ₹474.50 crore for the quarter.

2. Graphics Consumables: This segment, comprising anilox rollers, rotamesh screens, and rotaplate, contributed ₹16.06 crore to the quarter's revenue.

Financial Overview

The company's financial performance for Q4 2025 can be summarized as follows:

• Revenue decreased by 18.2% year-over-year
• EBITDA declined by 44.9% compared to Q4 2024
• Net profit fell by 45.8% year-over-year
• EBITDA margin contracted by 371 basis points

Conclusion

Stovec Industries faced significant challenges in Q4 2025, as evidenced by the decline in revenue and profitability metrics. The company's performance in both its Textile Machinery and Consumables and Graphics Consumables segments will likely be areas of focus for management as they work to improve financial results in future quarters.

Note: All financial figures are in Indian Rupees (₹). The financial results are unaudited and subject to limited review by the company's statutory auditors.