Resolutions and Voting Results

Shareholders approved two Ordinary Resolutions via postal ballot with the following results:

Resolution 1: Appointment of Mr. Marcos Marti Erfurt (DIN: 11816181) as Non-executive Director

  • Total Votes Polled: 1,511,942 shares (72.4105% of total outstanding shares)
  • Votes in Favor: 1,484,837 shares (98.2073% of votes polled)
  • Votes Against: 27,105 shares (1.7927% of votes polled)
  • Invalid Votes: 0

Resolution 2: Appointment of Mr. Theodorus Dominicus Bartholomeus Maria Kortekaas (DIN: 11965979) as Non-executive Director

  • Total Votes Polled: 1,511,942 shares (72.4105% of total outstanding shares)
  • Votes in Favor: 1,484,837 shares (98.2073% of votes polled)
  • Votes Against: 27,105 shares (1.7927% of votes polled)
  • Invalid Votes: 0

Voting Breakdown by Shareholder Category

Promoter and Promoter Group (1,483,777 shares held)

  • Voted 100% in favor of both resolutions (1,483,777 shares)
  • 0% voted against both resolutions

Public Institutions (965 shares held)

  • Did not cast any votes for either resolution

Public Non-Institutions (603,274 shares held)

  • Cast 28,165 votes (4.6687% of shares held)
  • Voted 3.7635% in favor (1,060 shares)
  • Voted 96.2365% against (27,105 shares) for both resolutions

Voting Process Details

  • Remote e-Voting Period: October 1, 2026 (9:00 AM IST) to October 30, 2026 (5:00 PM IST)
  • Scrutinizer: Sandip Sheth & Associates, Company Secretaries
  • Voting Platform: MUFG Intime India Private Limited's InstaVote platform (https://instavote.linkintime.co.in)
  • Cut-off Date for Eligibility: September 25, 2026
  • Results Declaration Date: October 31, 2026

Share Capital and Voting Eligibility

  • Total Paid-up Share Capital: 2,088,016 equity shares of ₹10 each
  • Shares in IEPF Account: 42,195 equity shares (voting rights frozen)
  • Unclaimed Suspense Account Shares: 2,032 equity shares (voting rights frozen)
  • Eligible Shares for Voting: 2,043,789 equity shares

Shareholder Communication

  • Total Members: 7,297
  • Email Notices Sent: 6,168 emails dispatched on September 30, 2026
  • Successfully Delivered: 5,908 emails
  • Bounced Back: 260 emails
  • Newspaper Advertisement: Published in Financial Express (English and Gujarati) on October 1, 2026

Additional Information

  • The resolutions are deemed passed on October 30, 2026 (last date of voting)
  • Voting results and scrutinizer's report are available on company website (www.stovec.com) and e-voting platform
  • The company secretary, Mr. Sanjeev Singh Sengar, signed and submitted the disclosure