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.

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.